Comcast (NASDAQ:CMCSA) Price Target Raised to $47.00

Comcast (NASDAQ:CMCSA) had its price objective hoisted by KeyCorp from $44.00 to $47.00 in a research report released on Friday, Benzinga reports. KeyCorp currently has an overweight rating on the cable giant’s stock.

CMCSA has been the topic of a number of other reports. Barclays lowered their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, October 30th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, July 24th. Macquarie reiterated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus price target of $46.63.

Comcast Trading Down 0.3 %

Shares of CMCSA opened at $43.56 on Friday. The business’s 50-day moving average price is $40.80 and its 200-day moving average price is $39.58. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast has a twelve month low of $36.43 and a twelve month high of $47.11. The stock has a market cap of $168.69 billion, a PE ratio of 11.71, a P/E/G ratio of 1.15 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 earnings per share. On average, equities analysts forecast that Comcast will post 4.24 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.85%. Comcast’s payout ratio is 33.33%.

Institutional Investors Weigh In On Comcast

Several hedge funds have recently bought and sold shares of the business. Norden Group LLC boosted its stake in Comcast by 15.8% in the 1st quarter. Norden Group LLC now owns 21,212 shares of the cable giant’s stock worth $920,000 after purchasing an additional 2,902 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Comcast by 6.3% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 94,411 shares of the cable giant’s stock valued at $4,093,000 after buying an additional 5,629 shares during the last quarter. Choreo LLC raised its holdings in Comcast by 3.6% in the 1st quarter. Choreo LLC now owns 38,970 shares of the cable giant’s stock worth $1,689,000 after acquiring an additional 1,350 shares during the last quarter. BNP Paribas bought a new position in Comcast in the 1st quarter valued at approximately $4,117,000. Finally, Fidelis Capital Partners LLC boosted its stake in Comcast by 50.0% during the 1st quarter. Fidelis Capital Partners LLC now owns 32,985 shares of the cable giant’s stock valued at $1,430,000 after purchasing an additional 10,994 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.