Comcast Co. (NASDAQ:CMCSA - Free Report) - Investment analysts at Seaport Res Ptn lowered their FY2024 EPS estimates for shares of Comcast in a research note issued on Thursday, December 19th. Seaport Res Ptn analyst D. Joyce now expects that the cable giant will earn $4.25 per share for the year, down from their previous forecast of $4.28. Seaport Res Ptn currently has a "Strong-Buy" rating on the stock. The consensus estimate for Comcast's current full-year earnings is $4.26 per share. Seaport Res Ptn also issued estimates for Comcast's Q4 2024 earnings at $0.88 EPS, Q3 2025 earnings at $1.27 EPS and FY2026 earnings at $5.18 EPS.
A number of other research firms have also issued reports on CMCSA. Pivotal Research lifted their target price on Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a report on Friday, November 1st. Barclays boosted their price objective on Comcast from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Scotiabank upgraded shares of Comcast from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $47.75 to $48.00 in a report on Friday, November 1st. Finally, KeyCorp boosted their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and a consensus target price of $47.06.
Read Our Latest Stock Analysis on CMCSA
Shares of NASDAQ:CMCSA opened at $38.22 on Monday. The firm has a market capitalization of $146.25 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99. Comcast has a 1 year low of $36.43 and a 1 year high of $47.11. 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 firm's 50-day moving average is $42.03 and its two-hundred day moving average is $40.30.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the previous year, the firm earned $1.08 EPS. The business's revenue was up 6.5% on a year-over-year basis.
A number of institutional investors have recently made changes to their positions in the stock. Clear Creek Financial Management LLC grew its stake in Comcast by 21.7% in the 2nd quarter. Clear Creek Financial Management LLC now owns 9,702 shares of the cable giant's stock worth $380,000 after acquiring an additional 1,727 shares during the period. First Heartland Consultants Inc. lifted its position in Comcast by 11.9% during the second quarter. First Heartland Consultants Inc. now owns 8,146 shares of the cable giant's stock worth $319,000 after buying an additional 868 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Comcast by 24.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,576,730 shares of the cable giant's stock worth $100,905,000 after buying an additional 512,852 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in Comcast in the 2nd quarter valued at about $454,000. Finally, AustralianSuper Pty Ltd increased its stake in shares of Comcast by 199.1% during the 2nd quarter. AustralianSuper Pty Ltd now owns 748,681 shares of the cable giant's stock valued at $29,318,000 after acquiring an additional 498,367 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Brian L. Roberts sold 234,464 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now owns 534,849 shares of the company's stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Wednesday, January 8th. Comcast's dividend payout ratio (DPR) is currently 33.33%.
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.
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