Comcast (NASDAQ:CMCSA - Get Free Report) released its quarterly earnings data on Thursday. The cable giant reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07, Zacks reports. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The business's revenue was up 2.1% on a year-over-year basis.
Comcast Trading Down 2.1%
NASDAQ CMCSA traded down $0.71 during trading on Friday, hitting $32.52. The stock had a trading volume of 22,392,993 shares, compared to its average volume of 19,415,812. The company has a market capitalization of $121.42 billion, a PE ratio of 5.38, a PEG ratio of 1.61 and a beta of 0.92. The company has a quick ratio of 0.65, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average price of $34.79 and a 200 day moving average price of $35.11. Comcast has a twelve month low of $31.44 and a twelve month high of $45.31.
Comcast Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's payout ratio is currently 32.43%.
Institutional Investors Weigh In On Comcast
An institutional investor recently raised its position in Comcast stock. Brighton Jones LLC lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 150.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 166,265 shares of the cable giant's stock after purchasing an additional 99,986 shares during the period. Brighton Jones LLC's holdings in Comcast were worth $6,240,000 at the end of the most recent reporting period. 84.32% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently issued reports on CMCSA. KeyCorp lowered their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Scotiabank lifted their price objective on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a report on Friday, July 11th. New Street Research dropped their target price on shares of Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Bernstein Bank reduced their target price on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Finally, Moffett Nathanson boosted their target price on shares of Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $40.77.
Check Out Our Latest Stock Report on Comcast
About Comcast
(
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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.
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