Comcast (NASDAQ:CMCSA) Earns Neutral Rating from Macquarie

Macquarie reaffirmed their neutral rating on shares of Comcast (NASDAQ:CMCSA) in a research report sent to investors on Friday, Benzinga reports. The firm currently has a $40.00 price objective on the cable giant’s stock.

Several other equities analysts have also recently weighed in on CMCSA. Barclays dropped their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Pivotal Research decreased their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, KeyCorp increased their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus target price of $46.63.

Comcast Stock Down 0.3 %

Shares of NASDAQ:CMCSA traded down $0.11 during midday trading on Friday, hitting $43.56. The stock had a trading volume of 25,078,455 shares, compared to its average volume of 19,681,141. The business’s 50-day simple moving average is $40.80 and its 200-day simple moving average is $39.58. Comcast has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a market cap of $168.69 billion, a P/E ratio of 11.59, a PEG ratio of 1.11 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 earnings per share. On average, sell-side analysts forecast that Comcast will post 4.24 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. Comcast’s dividend payout ratio (DPR) is currently 32.98%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Norden Group LLC lifted its holdings in shares of Comcast by 15.8% in the 1st quarter. Norden Group LLC now owns 21,212 shares of the cable giant’s stock worth $920,000 after purchasing an additional 2,902 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Comcast by 6.3% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 94,411 shares of the cable giant’s stock valued at $4,093,000 after buying an additional 5,629 shares during the last quarter. Choreo LLC lifted its stake in Comcast by 3.6% during the 1st quarter. Choreo LLC now owns 38,970 shares of the cable giant’s stock valued at $1,689,000 after acquiring an additional 1,350 shares in the last quarter. BNP Paribas purchased a new position in Comcast during the 1st quarter worth $4,117,000. Finally, Fidelis Capital Partners LLC grew its stake in shares of Comcast by 50.0% in the 1st quarter. Fidelis Capital Partners LLC now owns 32,985 shares of the cable giant’s stock worth $1,430,000 after acquiring an additional 10,994 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Company Profile

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.