Brokerages Set Comcast Corporation (NASDAQ:CMCSA) Price Target at $35.92

Shares of Comcast Corporation (NASDAQ:CMCSA) have been given a consensus recommendation of “Hold” by the thirty-three ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $35.9167.

Several research analysts recently issued reports on the stock. Williams Trading set a $40.00 target price on shares of Comcast in a report on Friday, October 31st. Evercore ISI reduced their price objective on Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Rosenblatt Securities decreased their price objective on Comcast from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, December 1st. TD Cowen dropped their target price on Comcast from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Bank of America decreased their price target on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, September 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMCSA. Capital A Wealth Management LLC lifted its holdings in Comcast by 173.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 436 shares in the last quarter. Global Trust Asset Management LLC raised its position in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after buying an additional 671 shares during the last quarter. Cranbrook Wealth Management LLC lifted its stake in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares in the last quarter. Avalon Trust Co boosted its position in Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after acquiring an additional 624 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in Comcast during the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.4%

Comcast stock opened at $29.38 on Friday. The stock has a 50-day moving average price of $28.00 and a 200 day moving average price of $31.53. The company has a market capitalization of $107.06 billion, a price-to-earnings ratio of 4.89, a price-to-earnings-growth ratio of 2.01 and a beta of 0.83. Comcast has a 52 week low of $25.75 and a 52 week high of $38.46. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. Sell-side analysts anticipate 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 $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, January 14th. Comcast’s payout ratio is currently 21.96%.

Comcast Company Profile

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.