Comcast Corporation (CMCSA) To Go Ex-Dividend on January 2nd

Comcast Corporation (NASDAQ:CMCSA) declared a quarterly dividend on Thursday, October 26th, Zacks reports. Investors of record on Wednesday, January 3rd will be paid a dividend of 0.157 per share by the cable giant on Wednesday, January 24th. This represents a $0.63 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, January 2nd.

Comcast (NASDAQ CMCSA) opened at $40.41 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast has a 52-week low of $34.12 and a 52-week high of $42.18. The company has a market capitalization of $190,596.38, a PE ratio of 19.47, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same period last year, the company posted $0.92 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. equities research analysts anticipate that Comcast will post 2.05 EPS for the current fiscal year.

A number of brokerages have recently issued reports on CMCSA. Moffett Nathanson reaffirmed a “buy” rating on shares of Comcast in a research report on Monday, October 16th. OTR Global lowered Comcast to a “positive” rating in a research report on Monday, October 30th. Buckingham Research began coverage on Comcast in a research report on Monday, November 20th. They set a “buy” rating and a $48.00 target price on the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $49.00 target price on shares of Comcast in a research report on Monday, October 23rd. Finally, Nomura dropped their target price on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the company. Comcast presently has a consensus rating of “Buy” and an average target price of $45.72.

In other news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the transaction, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the transaction, the executive vice president now owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Roberts Glore & Co. Inc. IL boosted its position in shares of Comcast by 2.1% during the second quarter. Roberts Glore & Co. Inc. IL now owns 9,234 shares of the cable giant’s stock worth $359,000 after buying an additional 190 shares during the period. Balentine LLC raised its holdings in Comcast by 1.5% during the second quarter. Balentine LLC now owns 13,774 shares of the cable giant’s stock worth $536,000 after purchasing an additional 200 shares in the last quarter. Highland Private Wealth Management raised its holdings in Comcast by 3.1% during the second quarter. Highland Private Wealth Management now owns 7,156 shares of the cable giant’s stock worth $278,000 after purchasing an additional 214 shares in the last quarter. Laurel Wealth Advisors Inc. raised its holdings in Comcast by 2.6% during the second quarter. Laurel Wealth Advisors Inc. now owns 12,524 shares of the cable giant’s stock worth $487,000 after purchasing an additional 318 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in Comcast by 7.0% during the second quarter. Sunbelt Securities Inc. now owns 9,523 shares of the cable giant’s stock worth $371,000 after purchasing an additional 626 shares in the last quarter. Institutional investors and hedge funds own 82.13% of the company’s stock.

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About Comcast

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Dividend History for Comcast (NASDAQ:CMCSA)

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