Comcast (NASDAQ:CMCSA) Trading Down 0.2%

Comcast Co. (NASDAQ:CMCSA) fell 0.2% on Monday . The company traded as low as $38.67 and last traded at $39.18. 2,711,938 shares were traded during trading, a decline of 87% from the average session volume of 20,626,035 shares. The stock had previously closed at $39.27.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CMCSA. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Citigroup dropped their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Wells Fargo & Company lowered their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $49.33.

Comcast Stock Performance

The company has a market capitalization of $152.79 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a 50 day moving average price of $40.46 and a two-hundred day moving average price of $42.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period last year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.18%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio is 32.80%.

Hedge Funds Weigh In On Comcast

Several hedge funds have recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC boosted its holdings in Comcast by 437.0% during the third quarter. WealthPlan Investment Management LLC now owns 8,495 shares of the cable giant’s stock worth $377,000 after buying an additional 6,913 shares during the last quarter. Compass Ion Advisors LLC bought a new position in shares of Comcast during the 3rd quarter valued at about $215,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Comcast by 35.6% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 16,625 shares of the cable giant’s stock valued at $737,000 after purchasing an additional 4,364 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Comcast by 6.8% during the 3rd quarter. Private Advisor Group LLC now owns 331,099 shares of the cable giant’s stock valued at $14,681,000 after purchasing an additional 20,996 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Comcast by 38.1% during the 3rd quarter. Larson Financial Group LLC now owns 7,372 shares of the cable giant’s stock valued at $327,000 after purchasing an additional 2,034 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

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.