In yesterday’s Wall Street session, Comcast Corporation (NASDAQ:CMCSA) shares traded at $45.64, up 0.66% from the previous session.
31 analysts cover Comcast Corporation (NASDAQ:CMCSA), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $55.00 and a low of $39.00, we find $50.00. Given the previous closing price of $45.34, this indicates a potential upside of 10.28 percent. CMCSA stock price is now 1.98% away from the 50-day moving average and 14.41% away from the 200-day moving average. The market capitalization of the company currently stands at $190.89B.
The stock has received a hold rating from 11 analysts and a buy rating from 18. Brokers who have rated the stock have averaged $49.43 as their price target over the next twelve months.
In other news, COMCAST CORP, 10% Owner sold 37,176 shares of the company’s stock on Feb 21. The stock was sold for $75,419 at an average price of $2.03. Upon completion of the transaction, the 10% Owner now directly owns 19,507,693 shares in the company, valued at $890.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16, 10% Owner COMCAST CORP sold 487,146 shares of the business’s stock. A total of $999,331 was realized by selling the stock at an average price of $2.05. This leaves the insider owning 19,544,869 shares of the company worth $892.03 million. Insiders disposed of 1,304,623 shares of company stock worth roughly $59.54 million over the past 1 year. A total of 0.74% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CMCSA stock. A new stake in Comcast Corporation shares was purchased by MN SERVICES VERMOGENSBEHEER B.V. during the first quarter worth $91,974,000. AMF TJANSTEPENSION AB invested $70,518,000 in shares of CMCSA during the first quarter. In the first quarter, OBERMEYER WOOD INVESTMENT COUNSEL, LLLP acquired a new stake in Comcast Corporation valued at approximately $21,754,000. TWINBEECH CAPITAL LP acquired a new stake in CMCSA for approximately $21,580,000. WALLEYE CAPITAL LLC purchased a new stake in CMCSA valued at around $21,543,000 in the second quarter.
On Monday morning Comcast Corporation (NASDAQ: CMCSA) stock kicked off with the opening price of $45.93. During the past 12 months, Comcast Corporation has had a low of $28.39 and a high of $47.46. As of last week, the company has a debt-to-equity ratio of 1.22, a current ratio of 0.80, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $278.62B, which is based on a 28.94 price-to-earnings ratio, a 3.93 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for CMCSA is $44.84 and a two-hundred day moving average price translates $39.94 for the stock.
The latest earnings results from Comcast Corporation (NASDAQ: CMCSA) was released for Jun, 2023. According to the Telecom Services Company, earnings per share came in at $1.13, beating analysts’ expectations of $0.97 by 0.16. This compares to $0.72 EPS in the same period last year. The net profit margin was 5.40% and return on equity was 7.90% for CMCSA. The company reported revenue of $30.51 billion for the quarter, compared to $30.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.66 percent. For the current quarter, analysts expect CMCSA to generate $29.68B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/25/2023. Investors who held shares on 10/04/2023 were paid a $0.29 dividend. On an annualized basis, this represents a $1.16 dividend and a 2.54% percent yield. There was an ex-dividend date of 10/03/2023 for this dividend. In terms of dividend payout ratio, CMCSA is presently at 70.60%.
