Comcast Co. (NASDAQ:CMCSA) – Equities research analysts at Oppenheimer boosted their Q2 2018 earnings per share (EPS) estimates for shares of Comcast in a research report issued on Tuesday, June 26th. Oppenheimer analyst T. Horan now forecasts that the cable giant will post earnings per share of $0.60 for the quarter, up from their prior estimate of $0.57. Oppenheimer also issued estimates for Comcast’s Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.59 EPS and FY2019 earnings at $2.72 EPS.
Other analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. Jefferies Financial Group began coverage on shares of Comcast in a research note on Thursday, June 7th. They set a “buy” rating and a $41.00 price target for the company. Atlantic Securities cut shares of Comcast from an “overweight” rating to a “neutral” rating in a research note on Tuesday, May 8th. Scotiabank reiterated a “buy” rating and set a $46.00 price target on shares of Comcast in a research note on Friday, April 20th. Finally, Nomura decreased their price target on shares of Comcast to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $46.43.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. Comcast had a net margin of 26.79% and a return on equity of 16.14%. The business had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.74 billion. During the same quarter in the prior year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 25th. Shareholders of record on Tuesday, July 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Monday, July 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 2.32%. Comcast’s payout ratio is currently 36.89%.
In other news, SVP Daniel C. Murdock sold 1,694 shares of the stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $31.05, for a total value of $52,598.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Daniel C. Murdock sold 916 shares of the stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $33.20, for a total transaction of $30,411.20. Following the completion of the transaction, the senior vice president now owns 2,120 shares of the company’s stock, valued at approximately $70,384. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Halbert Hargrove Russell LLC boosted its position in shares of Comcast by 20.0% in the fourth quarter. Halbert Hargrove Russell LLC now owns 7,719 shares of the cable giant’s stock worth $309,000 after acquiring an additional 1,285 shares during the last quarter. NTV Asset Management LLC boosted its position in shares of Comcast by 13.4% in the fourth quarter. NTV Asset Management LLC now owns 10,933 shares of the cable giant’s stock worth $438,000 after acquiring an additional 1,296 shares during the last quarter. GM Advisory Group Inc. boosted its position in shares of Comcast by 24.3% in the fourth quarter. GM Advisory Group Inc. now owns 6,778 shares of the cable giant’s stock worth $271,000 after acquiring an additional 1,324 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Comcast by 5.2% in the fourth quarter. Alps Advisors Inc. now owns 27,363 shares of the cable giant’s stock worth $1,096,000 after acquiring an additional 1,364 shares during the last quarter. Finally, Private Wealth Partners LLC boosted its position in shares of Comcast by 9.7% in the fourth quarter. Private Wealth Partners LLC now owns 15,850 shares of the cable giant’s stock worth $635,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.
Comcast Company Profile
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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