Comcast (NASDAQ:CMCSA) Given New $45.00 Price Target at Wells Fargo & Company

Comcast (NASDAQ:CMCSA) had its target price reduced by Wells Fargo & Company from $46.00 to $45.00 in a research note released on Monday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the cable giant’s stock.

Several other equities analysts have also weighed in on CMCSA. Loop Capital cut their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. KeyCorp upped their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Pivotal Research raised their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Trading Down 0.0 %

CMCSA stock opened at $37.17 on Monday. Comcast has a fifty-two week low of $36.24 and a fifty-two week high of $47.11. The stock has a market capitalization of $142.23 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 1.50 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The business has a fifty day moving average price of $40.96 and a 200 day moving average price of $40.27.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the business earned $1.08 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts expect that Comcast will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was 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. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB increased its position in Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after buying an additional 8,258,128 shares during the last quarter. FMR LLC increased its holdings in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after acquiring an additional 6,062,658 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after purchasing an additional 4,182,525 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Comcast by 530.5% in the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after purchasing an additional 2,885,370 shares during the period. Finally, Darsana Capital Partners LP lifted its position in Comcast by 26.7% during the second quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock worth $372,020,000 after acquiring an additional 2,000,000 shares during the last quarter. 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.