Comcast (NASDAQ:CMCSA) Given New $42.00 Price Target at Macquarie

Comcast (NASDAQ:CMCSA) had its price objective lifted by Macquarie from $40.00 to $42.00 in a report released on Monday morning,Benzinga reports. They currently have a neutral rating on the cable giant’s stock.

Several other research firms also recently weighed in on CMCSA. Wells Fargo & Company lifted their target price 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. Pivotal Research lifted their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. KeyCorp boosted their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $46.88.

Comcast Stock Performance

Shares of CMCSA stock opened at $43.00 on Monday. The firm has a market cap of $164.54 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 1.63 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast has a 52 week low of $36.43 and a 52 week high of $47.11. The firm’s 50-day simple moving average is $41.67 and its two-hundred day simple moving average is $39.93.

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

Comcast Dividend Announcement

The business also recently declared 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. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.88%. Comcast’s dividend payout ratio is presently 33.33%.

Institutional Investors Weigh In On Comcast

A number of hedge funds have recently made changes to their positions in the business. Soltis Investment Advisors LLC lifted its holdings in shares of Comcast by 8.9% in the 3rd quarter. Soltis Investment Advisors LLC now owns 9,325 shares of the cable giant’s stock worth $390,000 after acquiring an additional 766 shares during the last quarter. Hobbs Group Advisors LLC lifted its holdings in shares of Comcast by 12.0% in the 3rd quarter. Hobbs Group Advisors LLC now owns 3,669 shares of the cable giant’s stock worth $153,000 after acquiring an additional 393 shares during the last quarter. Fortem Financial Group LLC lifted its holdings in shares of Comcast by 107.3% in the 3rd quarter. Fortem Financial Group LLC now owns 20,614 shares of the cable giant’s stock worth $861,000 after acquiring an additional 10,670 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Comcast by 7.7% in the 3rd quarter. Toronto Dominion Bank now owns 2,745,224 shares of the cable giant’s stock worth $114,668,000 after acquiring an additional 197,031 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of Comcast by 11.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 187,947 shares of the cable giant’s stock worth $7,863,000 after acquiring an additional 19,039 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

About Comcast

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.