Comcast (CMCSA) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Comcast (NASDAQ:CMCSA) from a hold rating to a sell rating in a research note published on Tuesday morning.

CMCSA has been the subject of a number of other research reports. ValuEngine upgraded Comcast from a sell rating to a hold rating in a research report on Wednesday, October 31st. Barclays started coverage on Comcast in a research report on Tuesday, November 13th. They issued an overweight rating and a $44.00 price target for the company. Credit Suisse Group reiterated a buy rating and issued a $44.00 price target on shares of Comcast in a research report on Tuesday, January 22nd. TD Securities lifted their price target on Comcast from $47.00 to $48.00 and gave the stock a buy rating in a research report on Thursday, January 24th. Finally, Pivotal Research dropped their price target on Comcast from $48.00 to $45.00 and set a buy rating for the company in a research report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company. Comcast has an average rating of Buy and a consensus price target of $43.76.

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Shares of Comcast stock opened at $36.79 on Tuesday. The stock has a market cap of $169.85 billion, a PE ratio of 14.43, a PEG ratio of 1.07 and a beta of 0.98. The company has a quick ratio of 1.18, a current ratio of 0.79 and a debt-to-equity ratio of 1.48. Comcast has a twelve month low of $30.43 and a twelve month high of $42.16.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. The firm had revenue of $27.85 billion during the quarter, compared to analyst estimates of $27.56 billion. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. Analysts anticipate that Comcast will post 2.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be given a $0.21 dividend. The ex-dividend date is Tuesday, April 2nd. This represents a $0.84 annualized dividend and a yield of 2.28%. This is a positive change from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio (DPR) is currently 29.80%.

In other Comcast news, SVP Daniel C. Murdock sold 845 shares of the firm’s stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $35.55, for a total value of $30,039.75. Following the completion of the sale, the senior vice president now owns 1,005 shares of the company’s stock, valued at $35,727.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 7,636 shares of the firm’s stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $37.04, for a total transaction of $282,837.44. Following the completion of the sale, the director now directly owns 33,603 shares of the company’s stock, valued at approximately $1,244,655.12. The disclosure for this sale can be found here. In the last three months, insiders sold 18,353 shares of company stock valued at $661,540. 1.31% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CMCSA. Boenning & Scattergood Inc. raised its stake in shares of Comcast by 7.3% during the fourth quarter. Boenning & Scattergood Inc. now owns 14,550 shares of the cable giant’s stock valued at $495,000 after acquiring an additional 991 shares in the last quarter. Univest Corp of Pennsylvania raised its stake in shares of Comcast by 1.5% during the third quarter. Univest Corp of Pennsylvania now owns 133,948 shares of the cable giant’s stock valued at $4,743,000 after acquiring an additional 1,944 shares in the last quarter. Bristlecone Advisors LLC raised its stake in shares of Comcast by 66.5% during the third quarter. Bristlecone Advisors LLC now owns 49,833 shares of the cable giant’s stock valued at $1,765,000 after acquiring an additional 19,896 shares in the last quarter. Ironvine Capital Partners LLC raised its stake in shares of Comcast by 4.6% during the third quarter. Ironvine Capital Partners LLC now owns 458,223 shares of the cable giant’s stock valued at $16,226,000 after acquiring an additional 20,089 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in shares of Comcast by 19.8% during the third quarter. Systematic Financial Management LP now owns 123,754 shares of the cable giant’s stock valued at $4,382,000 after acquiring an additional 20,476 shares in the last quarter. 79.92% of the stock is owned by institutional investors and hedge funds.

About Comcast

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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