Comcast (NASDAQ:CMCSA) Price Target Raised to $42.00 at Barclays

Comcast (NASDAQ:CMCSA) had its target price lifted by Barclays from $40.00 to $42.00 in a research report sent to investors on Monday, Benzinga reports. Barclays currently has an equal weight rating on the cable giant’s stock.

Other research analysts have also issued reports about the company. Macquarie reissued a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Friday. Benchmark reaffirmed a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Finally, Wells Fargo & Company lifted their price target on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Stock Down 2.4 %

Comcast stock opened at $42.53 on Monday. The firm has a market capitalization of $164.70 billion, a P/E ratio of 11.43, a P/E/G ratio of 1.14 and a beta of 1.00. The company has a 50-day simple moving average of $40.85 and a 200-day simple moving average of $39.60. Comcast has a one year low of $36.43 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts expect that Comcast will post 4.27 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced 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 of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.92%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Hedge Funds Weigh In On Comcast

Several institutional investors and hedge funds have recently bought and sold shares of the business. Koshinski Asset Management Inc. raised its position in shares of Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after acquiring an additional 249 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its stake in shares of Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares during the period. Abich Financial Wealth Management LLC increased its holdings in Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares during the last quarter. Greenwich Wealth Management LLC lifted its stake in Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after buying an additional 261 shares during the period. Finally, Saxon Interests Inc. boosted its holdings in Comcast by 2.0% during the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock worth $566,000 after buying an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

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.