Rosenblatt Securities Reiterates Neutral Rating for Comcast (NASDAQ:CMCSA)

Rosenblatt Securities restated their neutral rating on shares of Comcast (NASDAQ:CMCSA) in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a $45.00 price objective on the cable giant’s stock.

A number of other equities research analysts have also recently issued reports on the company. TD Cowen dropped their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Wells Fargo & Company upped their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Barclays upped their target price on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Comcast Trading Down 0.6 %

Shares of NASDAQ:CMCSA opened at $43.91 on Wednesday. The firm has a market cap of $168.02 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.71 and a beta of 1.00. Comcast has a 12 month low of $36.43 and a 12 month high of $47.11. The company’s fifty day simple moving average is $41.18 and its 200 day simple moving average is $39.71. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $1.08 EPS. As a group, research analysts forecast that Comcast will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is 33.33%.

Institutional Investors Weigh In On Comcast

A number of large investors have recently added to or reduced their stakes in CMCSA. CFO4Life Group LLC boosted its position in shares of Comcast by 20.6% during the 1st quarter. CFO4Life Group LLC now owns 8,911 shares of the cable giant’s stock worth $386,000 after acquiring an additional 1,520 shares in the last quarter. Duality Advisers LP bought a new position in shares of Comcast in the 1st quarter valued at $436,000. Empirical Finance LLC raised its holdings in shares of Comcast by 3.2% during the 1st quarter. Empirical Finance LLC now owns 155,020 shares of the cable giant’s stock worth $6,720,000 after buying an additional 4,795 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Comcast by 11.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 494,170 shares of the cable giant’s stock worth $21,422,000 after buying an additional 50,698 shares during the last quarter. Finally, Stokes Family Office LLC boosted its stake in Comcast by 5.7% in the first quarter. Stokes Family Office LLC now owns 23,763 shares of the cable giant’s stock valued at $1,030,000 after buying an additional 1,285 shares in 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.