Several brokerages have updated their recommendations and price targets on shares of Comcast (NASDAQ: CMCSA) in the last few weeks:
- 1/6/2025 – Comcast had its “neutral” rating reaffirmed by analysts at Macquarie. They now have a $42.00 price target on the stock.
- 1/6/2025 – Comcast had its price target lowered by analysts at Wells Fargo & Company from $46.00 to $45.00. They now have an “equal weight” rating on the stock.
- 1/4/2025 – Comcast was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
- 1/2/2025 – Comcast had its price target lowered by analysts at Loop Capital from $54.00 to $53.00. They now have a “buy” rating on the stock.
- 12/27/2024 – Comcast was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
- 12/19/2024 – Comcast was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
- 12/16/2024 – Comcast was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $45.00 price target on the stock, down previously from $48.00.
- 12/11/2024 – Comcast was upgraded by analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating.
- 12/4/2024 – Comcast was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
- 11/26/2024 – Comcast was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
- 11/21/2024 – Comcast was upgraded by analysts at Evercore ISI to a “strong-buy” rating.
- 11/19/2024 – Comcast had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $60.00 price target on the stock.
- 11/18/2024 – Comcast had its price target raised by analysts at Macquarie from $40.00 to $42.00. They now have a “neutral” rating on the stock.
Comcast Price Performance
CMCSA stock traded down $0.07 during trading on Tuesday, reaching $36.38. 25,093,897 shares of the company were exchanged, compared to its average volume of 24,639,182. Comcast Co. has a 52-week low of $36.15 and a 52-week 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. The company has a market cap of $139.21 billion, a P/E ratio of 9.78, a PEG ratio of 1.50 and a beta of 1.01. The stock’s 50 day moving average price is $40.57 and its 200 day moving average price is $40.25.
Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 EPS. As a group, analysts predict that Comcast Co. will post 4.26 earnings per share for the current fiscal year.
Comcast Dividend Announcement
Insiders Place Their Bets
In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Comcast
Large investors have recently made changes to their positions in the company. Heritage Family Offices LLP raised its holdings in shares of Comcast by 6.0% during the fourth quarter. Heritage Family Offices LLP now owns 29,131 shares of the cable giant’s stock valued at $1,093,000 after acquiring an additional 1,657 shares during the period. Flywheel Private Wealth LLC acquired a new stake in Comcast in the 4th quarter worth approximately $212,000. Winch Advisory Services LLC boosted its holdings in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the period. Sendero Wealth Management LLC lifted its position in shares of Comcast by 49.3% during the 4th quarter. Sendero Wealth Management LLC now owns 42,257 shares of the cable giant’s stock worth $1,586,000 after purchasing an additional 13,962 shares during the last quarter. Finally, Godsey & Gibb Inc. lifted its holdings in shares of Comcast by 0.7% during the fourth quarter. Godsey & Gibb Inc. now owns 459,464 shares of the cable giant’s stock worth $17,244,000 after buying an additional 3,053 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.
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.
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