Comcast Corporation (NASDAQ:CMCSA - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $29.41 and last traded at $29.42, with a volume of 12820551 shares trading hands. The stock had previously closed at $29.46.
Wall Street Analyst Weigh In
CMCSA has been the topic of several recent analyst reports. Sanford C. Bernstein dropped their price target on shares of Comcast from $37.00 to $36.00 and set a "market perform" rating on the stock in a research note on Wednesday, September 10th. Citigroup restated a "buy" rating on shares of Comcast in a research note on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Monday, October 6th. Rothschild & Co Redburn dropped their target price on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Finally, Arete Research upgraded shares of Comcast to a "hold" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $39.94.
Read Our Latest Report on CMCSA
Comcast Stock Down 0.2%
The firm's fifty day simple moving average is $32.48 and its 200-day simple moving average is $33.90. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a market cap of $108.59 billion, a PE ratio of 4.86, a P/E/G ratio of 1.74 and a beta of 0.94.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.34 billion during the quarter. As a group, equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.
Comcast Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast's payout ratio is currently 21.82%.
Institutional Trading of Comcast
A number of institutional investors have recently added to or reduced their stakes in CMCSA. QRG Capital Management Inc. lifted its stake in shares of Comcast by 13.0% during the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant's stock worth $25,867,000 after purchasing an additional 83,631 shares in the last quarter. Advisor OS LLC increased its position in shares of Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock worth $1,308,000 after acquiring an additional 8,841 shares during the last quarter. Aberdeen Group plc raised its position in shares of Comcast by 5.4% in the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant's stock valued at $103,142,000 after purchasing an additional 147,231 shares in the last quarter. Resona Asset Management Co. Ltd. raised its holdings in Comcast by 10.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock valued at $47,254,000 after acquiring an additional 118,839 shares in the last quarter. Finally, OMNI 360 Wealth Inc. acquired a new position in Comcast during the 1st quarter worth $335,000. 84.32% of the stock is owned by hedge funds and other institutional investors.
About Comcast
(
Get Free Report)
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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