6 days Ago By ABMN Staff
Comcast ( NASDAQ:CMCSA – Free Report ) had its price objective lowered by KeyCorp from $47.00 to $45.00 in a report published on Monday, Benzinga reports.
The brokerage currently has an overweight rating on the cable giant’s stock. CMCSA has been the subject of a number of other reports. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.
00 target price for the company. in a research note on Thursday, April 10th. Rosenblatt Securities reduced their price objective on shares of Comcast from $45.
00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $50.
00 to $38.00 in a report on Friday, January 31st. Loop Capital reduced their price target on Comcast from $54.
00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company lowered Comcast from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $37.
00 to $31.00 in a report on Monday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company’s stock.
According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.50. Get Our Latest Report on CMCSA Comcast Trading Up 1.
3 % Comcast ( NASDAQ:CMCSA – Get Free Report ) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.
88 by $0.08. Comcast had a return on equity of 19.
98% and a net margin of 13.09%. On average, equities analysts expect that Comcast will post 4.
33 EPS for the current fiscal year. Comcast Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.
33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.
87%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.
31. Comcast’s dividend payout ratio (DPR) is presently 31.81%.
Institutional Trading of Comcast Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in Comcast in the 4th quarter valued at $3,835,226,000. Raymond James Financial Inc.
acquired a new stake in shares of Comcast during the 4th quarter valued at about $743,681,000. Amundi raised its position in Comcast by 147.9% in the fourth quarter.
Amundi now owns 24,086,671 shares of the cable giant’s stock worth $895,499,000 after purchasing an additional 14,369,056 shares in the last quarter. Capital World Investors raised its holdings in shares of Comcast by 8.6% in the 4th quarter.
Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after buying an additional 11,255,683 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of Comcast by 55,334.5% during the 3rd quarter.
Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after buying an additional 8,258,128 shares during the period. 84.32% of the stock is currently owned by institutional investors.
About Comcast ( Get Free Report ) Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
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