Comcast (NASDAQ:CMCSA) had its price target raised by TD Securities from $50.00 to $57.00 in a report released on Monday, April 29th, BayStreet.CA reports. TD Securities currently has a buy rating on the cable giant’s stock.
Other analysts have also recently issued research reports about the company. KeyCorp upped their price objective on Comcast from $43.00 to $50.00 and gave the company an overweight rating in a research report on Friday, April 26th. Barclays upped their price objective on Comcast from $44.00 to $45.00 and gave the company an overweight rating in a research report on Friday, April 26th. Morgan Stanley boosted their price target on Comcast from $46.00 to $48.00 and gave the company an overweight rating in a report on Friday, April 26th. Raymond James boosted their price target on Comcast from $44.00 to $48.00 and gave the company an outperform rating in a report on Monday, April 29th. Finally, BidaskClub raised Comcast from a hold rating to a buy rating in a report on Thursday, April 18th. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Comcast presently has an average rating of Buy and an average price target of $44.65.
NASDAQ CMCSA opened at $42.67 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.73 and a current ratio of 0.73. Comcast has a twelve month low of $30.67 and a twelve month high of $43.96. The company has a market cap of $198.46 billion, a P/E ratio of 16.73, a PEG ratio of 1.18 and a beta of 1.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a $0.21 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.97%. Comcast’s payout ratio is 32.94%.
In other Comcast news, EVP Arthur R. Block sold 13,765 shares of Comcast stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $39.43, for a total transaction of $542,753.95. Following the completion of the transaction, the executive vice president now owns 68,878 shares in the company, valued at approximately $2,715,859.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen B. Burke sold 457,633 shares of Comcast stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $43.35, for a total value of $19,838,390.55. Following the transaction, the executive vice president now owns 1,078,189 shares of the company’s stock, valued at approximately $46,739,493.15. The disclosure for this sale can be found here. Insiders sold a total of 849,537 shares of company stock valued at $35,489,480 in the last 90 days. 1.35% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PDS Planning Inc acquired a new stake in Comcast in the 1st quarter worth about $226,000. Resources Investment Advisors Inc. boosted its holdings in Comcast by 26.1% in the 4th quarter. Resources Investment Advisors Inc. now owns 5,395 shares of the cable giant’s stock worth $184,000 after buying an additional 1,117 shares during the last quarter. National Asset Management Inc. boosted its holdings in shares of Comcast by 5.3% during the 4th quarter. National Asset Management Inc. now owns 55,899 shares of the cable giant’s stock worth $1,906,000 after purchasing an additional 2,831 shares during the last quarter. Haverford Trust Co. boosted its holdings in shares of Comcast by 0.3% during the 4th quarter. Haverford Trust Co. now owns 3,110,244 shares of the cable giant’s stock worth $105,904,000 after purchasing an additional 8,001 shares during the last quarter. Finally, Lee Capital Holdings LLC boosted its holdings in shares of Comcast by 352.0% during the 4th quarter. Lee Capital Holdings LLC now owns 27,000 shares of the cable giant’s stock worth $919,000 after purchasing an additional 21,026 shares during the last quarter. Institutional investors and hedge funds own 80.01% of the company’s stock.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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