Comcast (CMCSA) – Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Comcast (NASDAQ: CMCSA):

• 12/4/2024 – Comcast was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 11/26/2024 – Comcast was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 11/21/2024 – Comcast was upgraded by analysts at Evercore ISI to a “strong-buy” rating.
• 11/19/2024 – Comcast had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $60.00 price target on the stock.
• 11/18/2024 – Comcast had its price target raised by analysts at Macquarie from $40.00 to $42.00. They now have a “neutral” rating on the stock.
• 11/6/2024 – Comcast had its “neutral” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $45.00 price target on the stock.
• 11/4/2024 – Comcast had its price target raised by analysts at Barclays PLC from $40.00 to $42.00. They now have an “equal weight” rating on the stock.
• 11/1/2024 – Comcast was upgraded by analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating. They now have a $48.00 price target on the stock, up previously from $47.75.
• 11/1/2024 – Comcast had its price target raised by analysts at KeyCorp from $44.00 to $47.00. They now have an “overweight” rating on the stock.
• 11/1/2024 – Comcast had its “neutral” rating reaffirmed by analysts at Macquarie. They now have a $40.00 price target on the stock.
• 11/1/2024 – Comcast had its price target raised by analysts at Wells Fargo & Company from $43.00 to $46.00. They now have an “equal weight” rating on the stock.
• 11/1/2024 – Comcast had its price target raised by analysts at Pivotal Research from $47.00 to $54.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Comcast had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $49.00 to $50.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Comcast had its price target lowered by analysts at TD Cowen from $50.00 to $48.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Comcast had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $55.00 price target on the stock.
• 10/18/2024 – Comcast had its price target raised by analysts at Scotiabank from $47.25 to $47.75. They now have a “sector perform” rating on the stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $42.86 on Wednesday. The business has a fifty day simple moving average of $42.37 and a 200 day simple moving average of $40.23. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The firm has a market cap of $164.01 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 1.64 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm 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 last year, the firm earned $1.08 earnings per share. As a group, sell-side analysts predict that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.89%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Comcast

A number of institutional investors have recently added to or reduced their stakes in CMCSA. Synovus Financial Corp lifted its position in Comcast by 2.2% in the third quarter. Synovus Financial Corp now owns 154,036 shares of the cable giant’s stock worth $6,434,000 after purchasing an additional 3,323 shares during the period. Tidal Investments LLC lifted its holdings in shares of Comcast by 15.2% during the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after acquiring an additional 22,684 shares during the period. Wilmington Savings Fund Society FSB boosted its position in shares of Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after acquiring an additional 8,258,128 shares in the last quarter. World Investment Advisors LLC increased its stake in Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after acquiring an additional 229,192 shares during the period. Finally, Sanctuary Advisors LLC lifted its stake in Comcast by 0.6% during the third quarter. Sanctuary Advisors LLC now owns 763,784 shares of the cable giant’s stock worth $33,202,000 after purchasing an additional 4,691 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

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.