Comcast Corporation (NASDAQ:CMCSA – Get Free Report) has received a consensus rating of “Hold” from the twenty-seven research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $34.5192.
A number of research firms recently weighed in on CMCSA. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Evercore boosted their price target on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Freedom Capital upgraded Comcast to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a research report on Friday, April 24th.
Check Out Our Latest Report on CMCSA
Comcast Price Performance
Comcast (NASDAQ:CMCSA – Get Free Report) last posted its earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same period last year, the firm posted $1.09 EPS. The company’s revenue was up 5.3% on a year-over-year basis. Equities analysts expect that Comcast will post 3.53 EPS for the current fiscal year.
Comcast Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.9%. Comcast’s dividend payout ratio is 25.98%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after buying an additional 2,160,829 shares during the period. State Street Corp lifted its holdings in Comcast by 3.4% during the 4th quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock worth $5,583,604,000 after buying an additional 6,117,946 shares during the last quarter. Capital World Investors lifted its holdings in shares of Comcast by 20.8% in the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after purchasing an additional 24,166,881 shares during the last quarter. Dodge & Cox grew its holdings in Comcast by 0.4% in the 4th quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock worth $3,376,599,000 after buying an additional 399,596 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Comcast by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock valued at $2,680,747,000 after acquiring an additional 1,465,428 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.
About Comcast
Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.
NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.
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