KeyCorp Raises Comcast (NASDAQ:CMCSA) Price Target to $47.00

Comcast (NASDAQ:CMCSA) had its price objective raised by KeyCorp from $44.00 to $47.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an overweight rating on the cable giant’s stock.

A number of other equities analysts have also recently issued reports on CMCSA. Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $47.75 to $48.00 in a report on Friday. Pivotal Research cut their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Barclays cut their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.63.

Comcast Trading Down 0.3 %

Shares of Comcast stock traded down $0.11 on Friday, reaching $43.56. 25,078,455 shares of the company’s stock were exchanged, compared to its average volume of 19,681,141. The company has a market capitalization of $168.69 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. Comcast has a 52 week low of $36.43 and a 52 week high of $47.11. The firm’s 50-day moving average is $40.80 and its two-hundred day moving average is $39.58. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 EPS. Sell-side analysts predict that Comcast will post 4.24 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 32.98%.

Institutional Investors Weigh In On Comcast

Large investors have recently made changes to their positions in the business. Capital World Investors increased its holdings in Comcast by 7.4% in the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after acquiring an additional 7,929,963 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Comcast by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after acquiring an additional 1,000,626 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Comcast by 41.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after acquiring an additional 8,243,302 shares during the last quarter. Ontario Teachers Pension Plan Board increased its holdings in Comcast by 25,881.7% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after acquiring an additional 10,809,231 shares during the last quarter. Finally, First Pacific Advisors LP increased its holdings in Comcast by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock worth $423,633,000 after acquiring an additional 219,894 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other 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.