Comcast (NASDAQ:CMCSA) Price Target Raised to $30.00

Comcast (NASDAQ:CMCSA) had its price target upped by BNP Paribas Exane from $28.00 to $30.00 in a research report released on Friday,MarketScreener reports. They currently have a neutral rating on the cable giant’s stock.

Other analysts have also issued research reports about the company. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research note on Tuesday, November 4th. Loop Capital cut their price target on shares of Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Arete Research decreased their price objective on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. Williams Trading set a $40.00 target price on shares of Comcast in a research note on Friday, October 31st. Finally, Citigroup decreased their price target on shares of Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average target price of $35.92.

Comcast Price Performance

Comcast stock opened at $29.57 on Friday. The firm has a market capitalization of $107.75 billion, a PE ratio of 4.92, a price-to-earnings-growth ratio of 2.03 and a beta of 0.83. Comcast has a 12-month low of $25.75 and a 12-month high of $38.46. The firm has a 50-day moving average price of $28.01 and a 200-day moving average price of $31.61. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business had revenue of $30.34 billion during the quarter. As a group, equities research analysts forecast that Comcast will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.5%. Comcast’s dividend payout ratio is presently 21.96%.

Hedge Funds Weigh In On Comcast

Several institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in Comcast during the 2nd quarter worth $3,528,361,000. Dodge & Cox lifted its stake in Comcast by 18.1% in the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after buying an additional 17,054,579 shares during the last quarter. Capital Research Global Investors boosted its stake in Comcast by 46.1% during the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after purchasing an additional 10,633,206 shares during the period. State Street Corp boosted its stake in shares of Comcast by 4.6% during the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after buying an additional 7,917,335 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of Comcast by 1,356.2% in the 3rd quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock valued at $205,993,000 after purchasing an additional 6,105,867 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.