Comcast (NASDAQ:CMCSA) Price Target Raised to $47.00 at KeyCorp

Comcast (NASDAQ:CMCSA) had its price objective upped by KeyCorp from $44.00 to $47.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has an overweight rating on the cable giant’s stock.

A number of other equities analysts have also recently commented on the stock. Barclays reduced their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Pivotal Research reduced their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $47.75 to $48.00 in a research report on Friday. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $46.63.

Comcast Stock Down 0.3 %

Shares of CMCSA traded down $0.11 during mid-day trading on Friday, hitting $43.56. 25,078,455 shares of the company’s stock were exchanged, compared to its average volume of 19,681,141. The company has a market cap of $168.69 billion, a PE ratio of 11.59, a P/E/G ratio of 1.11 and a beta of 1.01. Comcast has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a 50-day simple moving average of $40.80 and a 200 day simple moving average of $39.58. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business 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 firm’s revenue for the quarter 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, research analysts forecast that Comcast will post 4.24 earnings per share for the current fiscal year.

Comcast Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd increased its stake in shares of Comcast by 5.9% in the third quarter. Covestor Ltd now owns 7,372 shares of the cable giant’s stock valued at $308,000 after buying an additional 413 shares during the period. Mesirow Financial Investment Management Inc. boosted its holdings in Comcast by 1.7% in the third quarter. Mesirow Financial Investment Management Inc. now owns 63,936 shares of the cable giant’s stock valued at $2,671,000 after acquiring an additional 1,067 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Comcast by 26.2% in the third quarter. Lindbrook Capital LLC now owns 32,853 shares of the cable giant’s stock valued at $1,372,000 after acquiring an additional 6,818 shares during the last quarter. Processus Wealth & Capital Management LLC boosted its holdings in Comcast by 0.7% in the third quarter. Processus Wealth & Capital Management LLC now owns 44,934 shares of the cable giant’s stock valued at $1,877,000 after acquiring an additional 323 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in Comcast by 2.4% in the third quarter. Assetmark Inc. now owns 2,501,326 shares of the cable giant’s stock valued at $104,480,000 after acquiring an additional 57,848 shares during the last quarter. Institutional investors and hedge funds 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.