Comcast Co. (NASDAQ:CMCSA) – Investment analysts at KeyCorp cut their Q4 2018 earnings per share estimates for shares of Comcast in a report issued on Thursday, October 25th, according to Zacks Investment Research. KeyCorp analyst B. Nispel now forecasts that the cable giant will post earnings of $0.61 per share for the quarter, down from their prior estimate of $0.62. KeyCorp has a “Overweight” rating and a $43.00 price objective on the stock. KeyCorp also issued estimates for Comcast’s Q2 2019 earnings at $0.67 EPS.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Comcast had a net margin of 27.33% and a return on equity of 15.79%. The business had revenue of $22.14 billion for the quarter, compared to analyst estimates of $21.75 billion.
A number of other research analysts have also issued reports on CMCSA. BidaskClub upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 17th. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Barclays began coverage on shares of Comcast in a research report on Tuesday, November 13th. They issued an “overweight” rating and a $44.00 price target on the stock. Robert W. Baird decreased their price target on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Monday, July 30th. Finally, Atlantic Securities upgraded shares of Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price target on the stock in a research report on Monday, August 6th. Nine analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $44.61.
NASDAQ:CMCSA traded up $0.75 during midday trading on Monday, reaching $37.51. The stock had a trading volume of 16,469,046 shares, compared to its average volume of 24,644,132. Comcast has a 1-year low of $30.43 and a 1-year high of $44.00. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $170.73 billion, a PE ratio of 18.21, a PEG ratio of 1.16 and a beta of 0.93.
A number of hedge funds have recently made changes to their positions in the stock. Summit Trail Advisors LLC raised its stake in shares of Comcast by 20.9% in the first quarter. Summit Trail Advisors LLC now owns 202,113 shares of the cable giant’s stock worth $3,982,000 after acquiring an additional 34,974 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Comcast during the first quarter worth approximately $218,000. New England Research & Management Inc. bought a new stake in shares of Comcast during the second quarter worth approximately $218,000. Capital Insight Partners LLC raised its stake in shares of Comcast by 4.5% during the second quarter. Capital Insight Partners LLC now owns 38,798 shares of the cable giant’s stock worth $1,273,000 after buying an additional 1,661 shares during the last quarter. Finally, Cardinal Capital Management Inc. raised its stake in shares of Comcast by 12.4% during the second quarter. Cardinal Capital Management Inc. now owns 465,105 shares of the cable giant’s stock worth $15,260,000 after buying an additional 51,325 shares during the last quarter. 80.10% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Arthur R. Block sold 6,448 shares of Comcast stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the transaction, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at approximately $2,648,369.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 1,082 shares of Comcast stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $35.94, for a total transaction of $38,887.08. Following the transaction, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be given a dividend of $0.19 per share. The ex-dividend date is Monday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 2.03%. Comcast’s dividend payout ratio (DPR) is currently 36.89%.
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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