A number of other research firms also recently issued reports on CMCSA. Wells Fargo raised their price target on Comcast from $49.00 to $50.00 and gave the stock an outperform rating in a research note on Thursday, January 25th. TD Securities raised their price target on Comcast from $51.00 to $52.00 and gave the stock a buy rating in a research note on Thursday, January 25th. Bank of America lifted their target price on Comcast from $50.00 to $54.00 and gave the company a buy rating in a research note on Thursday, January 25th. Pivotal Research reiterated a buy rating and issued a $52.00 target price on shares of Comcast in a research note on Wednesday, January 24th. Finally, Barclays set a $43.00 target price on Comcast and gave the company a buy rating in a research note on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $46.84.
NASDAQ:CMCSA opened at $33.21 on Friday. The company has a market cap of $155,498.09, a P/E ratio of 16.12, a PEG ratio of 1.23 and a beta of 1.17. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86. Comcast has a 52-week low of $32.74 and a 52-week high of $44.00.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.29%. Comcast’s payout ratio is 36.89%.
In related news, EVP Stephen B. Burke sold 190,756 shares of Comcast stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $42.51, for a total value of $8,109,037.56. Following the sale, the executive vice president now directly owns 1,214,811 shares in the company, valued at $51,641,615.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Brian L. Roberts sold 691,105 shares of Comcast stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $36.53, for a total value of $25,246,065.65. Following the completion of the sale, the chairman now owns 1,717,788 shares in the company, valued at $62,750,795.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,400,867 shares of company stock worth $52,408,044. Company insiders own 1.28% of the company’s stock.
A number of hedge funds have recently modified their holdings of CMCSA. Global Financial Private Capital LLC raised its holdings in shares of Comcast by 9.0% in the second quarter. Global Financial Private Capital LLC now owns 39,728 shares of the cable giant’s stock worth $1,546,000 after acquiring an additional 3,282 shares during the last quarter. Harris Associates L P raised its holdings in shares of Comcast by 0.8% in the second quarter. Harris Associates L P now owns 9,853,913 shares of the cable giant’s stock worth $383,514,000 after acquiring an additional 80,045 shares during the last quarter. Clinton Group Inc. raised its holdings in shares of Comcast by 84.7% in the second quarter. Clinton Group Inc. now owns 274,038 shares of the cable giant’s stock worth $10,666,000 after acquiring an additional 125,688 shares during the last quarter. Institute for Wealth Management LLC. acquired a new position in shares of Comcast in the second quarter worth $758,000. Finally, Sun Life Financial INC raised its holdings in shares of Comcast by 43,650.0% in the second quarter. Sun Life Financial INC now owns 42,000 shares of the cable giant’s stock worth $1,635,000 after acquiring an additional 41,904 shares during the last quarter. 83.54% of the stock is owned by hedge funds and other institutional investors.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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