Comcast (NASDAQ:CMCSA) Stock Price Up 0.2%

Shares of Comcast Co. (NASDAQ:CMCSA - Get Free Report) rose 0.2% during mid-day trading on Wednesday . The company traded as high as $39.42 and last traded at $39.18. Approximately 3,520,518 shares were traded during trading, a decline of 83% from the average daily volume of 20,437,824 shares. The stock had previously closed at $39.12.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CMCSA shares. Wells Fargo & Company dropped their price objective on shares of Comcast from $50.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Friday, April 5th. Redburn Atlantic lowered shares of Comcast from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Evercore ISI reiterated an "outperform" rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Benchmark reiterated a "buy" rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Finally, Oppenheimer reissued an "outperform" rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $49.50.

Comcast Trading Down 0.3 %

The company has a market cap of $154.86 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.96 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The business's 50 day moving average price is $41.89 and its 200-day moving average price is $42.76.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.04. The business had revenue of $31.25 billion during the quarter, compared to analysts' expectations of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, research analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.18%. This is a positive change from Comcast's previous quarterly dividend of $0.29. Comcast's dividend payout ratio is currently 33.33%.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.18% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Dumont & Blake Investment Advisors LLC boosted its stake in Comcast by 2.5% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 28,668 shares of the cable giant's stock worth $1,243,000 after acquiring an additional 706 shares during the last quarter. Red Door Wealth Management LLC boosted its stake in Comcast by 5.8% during the 1st quarter. Red Door Wealth Management LLC now owns 13,417 shares of the cable giant's stock worth $582,000 after acquiring an additional 731 shares during the last quarter. Cornerstone Wealth Group LLC boosted its stake in Comcast by 24.6% during the 1st quarter. Cornerstone Wealth Group LLC now owns 10,849 shares of the cable giant's stock worth $470,000 after acquiring an additional 2,139 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in Comcast by 21.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 263,016 shares of the cable giant's stock worth $12,314,000 after acquiring an additional 46,600 shares during the last quarter. Finally, Founders Financial Securities LLC boosted its stake in Comcast by 20.1% during the 1st quarter. Founders Financial Securities LLC now owns 59,442 shares of the cable giant's stock worth $2,577,000 after acquiring an additional 9,938 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Company Profile

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.