Comcast (NASDAQ:CMCSA) Price Target Raised to $42.00

Comcast (NASDAQ:CMCSA) had its target price hoisted by Barclays from $40.00 to $42.00 in a research note published on Monday, Benzinga reports. They currently have an equal weight rating on the cable giant’s stock.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company lifted their target price on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, October 30th. Macquarie reissued a “neutral” rating and issued a $40.00 target price on shares of Comcast in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $46.75.

Comcast Price Performance

NASDAQ CMCSA opened at $45.14 on Monday. The stock has a market capitalization of $174.80 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.14 and a beta of 1.00. 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 business’s fifty day moving average price is $41.00 and its 200-day moving average price is $39.66.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same period last year, the firm posted $1.08 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts predict that Comcast will post 4.27 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.75%. Comcast’s dividend payout ratio (DPR) is 33.33%.

Hedge Funds Weigh In On Comcast

Institutional investors have recently bought and sold shares of the business. Fairscale Capital LLC purchased a new position in shares of Comcast in the 2nd quarter worth approximately $26,000. McClarren Financial Advisors Inc. lifted its position in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC boosted its stake in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares during the period. IAG Wealth Partners LLC increased its position in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the last quarter. Finally, Archer Investment Corp raised its stake in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Company Profile

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.