Comcast Corporation (NASDAQ:CMCSA) – Analysts at Jefferies Group decreased their Q1 2017 earnings per share (EPS) estimates for Comcast Corporation in a research note issued on Friday. Jefferies Group analyst M. Mccormack now forecasts that the firm will earn $0.85 per share for the quarter, down from their prior estimate of $0.89. Jefferies Group also issued estimates for Comcast Corporation’s FY2017 earnings at $3.74 EPS.
Several other analysts have also weighed in on CMCSA. Macquarie raised Comcast Corporation from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $69.00 to $77.00 in a research note on Monday, October 24th. Morgan Stanley reissued an “overweight” rating and set a $80.00 price target (up from $76.00) on shares of Comcast Corporation in a research note on Thursday, January 5th. Deutsche Bank AG raised Comcast Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $68.00 to $88.00 in a research note on Friday, January 13th. Telsey Advisory Group lifted their price target on Comcast Corporation from $76.00 to $84.00 and gave the company an “outperform” rating in a research note on Tuesday, January 24th. Finally, HSBC Holdings plc initiated coverage on Comcast Corporation in a research note on Thursday, January 19th. They set a “buy” rating and a $83.00 price target on the stock. Twenty-one research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $77.76.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 75.95 on Monday. The stock has a 50 day moving average price of $71.28 and a 200-day moving average price of $67.42. Comcast Corporation has a 52 week low of $54.38 and a 52 week high of $76.87. The company has a market capitalization of $183.04 billion, a PE ratio of 21.30 and a beta of 1.11.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 26th. The cable giant reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. The company earned $21 billion during the quarter, compared to analysts’ expectations of $20.67 billion. Comcast Corporation had a return on equity of 15.37% and a net margin of 10.81%. Comcast Corporation’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 EPS.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 5th will be issued a dividend of $0.1575 per share. The ex-dividend date is Monday, April 3rd. This represents a $0.63 annualized dividend and a yield of 0.83%. This is an increase from Comcast Corporation’s previous quarterly dividend of $0.14. Comcast Corporation’s dividend payout ratio is 30.81%.
In other Comcast Corporation news, EVP Arthur R. Block sold 6,752 shares of the business’s stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $69.88, for a total value of $471,829.76. Following the transaction, the executive vice president now owns 69,889 shares of the company’s stock, valued at $4,883,843.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Neil Smit sold 15,121 shares of the business’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $69.57, for a total value of $1,051,967.97. Following the completion of the transaction, the executive vice president now directly owns 62,208 shares in the company, valued at approximately $4,327,810.56. The disclosure for this sale can be found here. Insiders have sold 28,488 shares of company stock valued at $1,988,731 in the last quarter. 1.27% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of CMCSA. Price T Rowe Associates Inc. MD boosted its position in Comcast Corporation by 21.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,792,055 shares of the cable giant’s stock valued at $2,905,165,000 after buying an additional 7,652,797 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of Comcast Corporation by 26.5% in the second quarter. Janus Capital Management LLC now owns 22,476,251 shares of the cable giant’s stock worth $1,465,205,000 after buying an additional 4,708,325 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Comcast Corporation during the third quarter worth approximately $222,808,000. Tesco Pension Investment Ltd purchased a new position in shares of Comcast Corporation during the third quarter worth approximately $168,364,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Comcast Corporation during the fourth quarter worth approximately $157,537,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.
Comcast Corporation Company Profile
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.