Comcast’s (CMCSA) “Neutral” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities restated their neutral rating on shares of Comcast (NASDAQ:CMCSA) in a report issued on Wednesday morning, Benzinga reports. They currently have a $45.00 price objective on the cable giant’s stock.

Several other equities analysts also recently weighed in on the company. Citigroup dropped their target price on Comcast from $53.00 to $48.00 and set a buy rating for the company in a research report on Monday, April 29th. Seaport Res Ptn downgraded Comcast from a strong-buy rating to a hold rating in a research report on Monday, June 24th. Wells Fargo & Company dropped their target price on Comcast from $47.00 to $43.00 and set an equal weight rating for the company in a research report on Friday, April 26th. BNP Paribas downgraded Comcast from a neutral rating to an underperform rating and set a $34.00 target price for the company. in a research report on Tuesday, June 11th. Finally, The Goldman Sachs Group started coverage on Comcast in a research report on Tuesday, June 25th. They set a buy rating and a $44.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of Hold and an average target price of $46.96.

Comcast Stock Up 3.8 %

NASDAQ CMCSA opened at $39.69 on Wednesday. Comcast has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The business’s fifty day simple moving average is $38.53 and its 200-day simple moving average is $40.65. The firm has a market cap of $155.73 billion, a PE ratio of 10.50, a P/E/G ratio of 1.01 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the company earned $1.13 EPS. As a group, equities analysts anticipate that Comcast will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio is presently 32.80%.

Insider Buying and Selling

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

Institutional Trading of Comcast

Several large investors have recently bought and sold shares of CMCSA. Norges Bank acquired a new stake in Comcast in the fourth quarter valued at $2,542,988,000. Capital World Investors grew its holdings in Comcast by 17.0% in the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after purchasing an additional 15,625,543 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after acquiring an additional 10,809,231 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after acquiring an additional 8,243,302 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Comcast by 80.9% in the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after acquiring an additional 4,714,586 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

About Comcast

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.