Comcast (NASDAQ:CMCSA) Upgraded by Goldman Sachs Group to “Buy”

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Goldman Sachs Group upgraded shares of Comcast (NASDAQ:CMCSA) from a neutral rating to a buy rating in a report published on Wednesday, Benzinga reports. They currently have $54.00 price target on the cable giant’s stock, up from their previous price target of $44.00.

Other analysts also recently issued reports about the company. Barclays set a $46.00 price target on D. R. Horton and gave the company a buy rating in a research note on Friday, April 26th. Pivotal Research restated a buy rating and issued a $54.00 price target on shares of Comcast in a research note on Wednesday, June 26th. Rosenblatt Securities began coverage on Comcast in a research note on Friday, June 14th. They issued a buy rating and a $50.00 price target on the stock. Raymond James restated a hold rating on shares of Broadcom in a research note on Friday, June 14th. Finally, Royal Bank of Canada lifted their price target on PVH to $145.00 and gave the company an outperform rating in a research note on Friday, March 29th. Seven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $44.92.

CMCSA traded up $0.29 during trading on Wednesday, hitting $44.08. 14,039,513 shares of the stock were exchanged, compared to its average volume of 19,017,545. The company has a market cap of $199.51 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.22 and a beta of 1.08. Comcast has a 1-year low of $32.61 and a 1-year high of $44.14. The company’s fifty day simple moving average is $42.42. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.08. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The company had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.27 billion. During the same period last year, the business posted $0.66 EPS. The company’s revenue was up 17.8% on a year-over-year basis. On average, analysts forecast that Comcast will post 3.02 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be issued 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 1.91%. Comcast’s dividend payout ratio (DPR) is 32.94%.

In related news, EVP Stephen B. Burke sold 457,633 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $43.35, for a total value of $19,838,390.55. Following the completion of the transaction, the executive vice president now directly owns 1,078,189 shares in the company, valued at $46,739,493.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel C. Murdock sold 1,701 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $41.46, for a total value of $70,523.46. Following the completion of the transaction, the senior vice president now owns 4,712 shares of the company’s stock, valued at $195,359.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 469,307 shares of company stock valued at $20,327,244. Insiders own 1.35% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Clean Yield Group purchased a new stake in Comcast during the first quarter valued at about $25,000. Mackey Komara & Dankovich LLC purchased a new stake in Comcast during the first quarter valued at about $27,000. Nalls Sherbakoff Group LLC purchased a new stake in Comcast during the fourth quarter valued at about $46,000. Catamount Wealth Management purchased a new stake in Comcast during the first quarter valued at about $52,000. Finally, Clarfeld Financial Advisors LLC purchased a new stake in Comcast during the fourth quarter valued at about $57,000. Hedge funds and other institutional investors own 82.57% 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, 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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Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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