Comcast Corporation Company Profile (NASDAQ:CMCSA)

Comcast Corporation trades on the NASDAQ under the ticker symbol "CMCSA."

Comcast Corporation declared a quarterly dividend on Thursday, July 27th. Stockholders of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share on Wednesday, October 25th. This represents a $0.63 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Tuesday, October 3rd. View Comcast Corporation's Dividend History.

Comcast Corporation shares split on the morning of Monday, February 20th 2017. The 2-1 split was announced on Thursday, January 26th 2017. The newly created shares were issued to shareholders after the market closes on Friday, February 17th 2017. An investor that had 100 shares of Comcast Corporation stock prior to the split would have 200 shares after the split.

Comcast Corporation announced that its Board of Directors has initiated a stock buyback program on Wednesday, April 12th 2017, which authorizes the company to buyback $12,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 6.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Comcast Corporation (NASDAQ:CMCSA) released its earnings results on Thursday, July, 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm earned $21.17 billion during the quarter, compared to analysts' expectations of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 EPS. View Comcast Corporation's Earnings History.

Comcast Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Comcast Corporation.

23 equities research analysts have issued 12-month price targets for Comcast Corporation's shares. Their predictions range from $40.00 to $51.00. On average, they expect Comcast Corporation's stock price to reach $45.69 in the next twelve months. View Analyst Ratings for Comcast Corporation.

Here are some recent quotes from research analysts about Comcast Corporation stock:

• 1. Pivotal Research analysts commented, "We continue to expect Comcast to produce solid ’17 results [including overall ~+7.6% (up from +7.5%) EBITDA growth], against the backdrop of one-off high cable programming costs and tougher ad comps (political and Olympics in ‘16), however ’18 is teeing up to see a material acceleration in cable EBITDA and overall free cash flow. This acceleration should be driven by: 1) normalization of cable programming expense growth, 2) high margin political advertising returns + NBC Olympic benefits, 3) benefits from investments, 4) forecast flattish capex (winding down of X1/move to networked), 5) potentially boosted by tax relief. We also believe in ’18 on the back of the acceleration in EBITDA and free cash flow Comcast will elect to increase their dividend and accelerate share repurchase activity materially, alternatively we would not be surprised to see Comcast purchase private player Cox providing some M&A upside in the name. Against what we view as a positive back drop, CMCSA trades at an attractive 8.3X ’17 EBITDA (7.6X ’18), 15.3X ’18 free cash flow and 15X ’18 EPS." (6/27/2017)
• 2. Macquarie analysts commented, "We got back from the NBCU upfront with a refreshed view on the growing portfolio that now includes digital assets like Vox, BuzzFeed, and Snapchat, as well as partnerships with Apple. Meanwhile, its core franchises in news and sports continue to grow stronger. Our SoTP valuation prices standalone NBCU at US$19/sh (Fig 1), likely a source of upside to our US$45/sh CMCSA target. Please also see our 1Q recap, Weighing Baggage & Opportunities. Impact The collaborative culture of NBCU spearheaded by Project Symphony has driven it to #1, while the addition of digital platforms pushed engagement. This year, we expect the strategy is in full swing, driving our ’18 NBCU total revenue growth of 10%, which assumes 14%/7% for broadcast/cable nets." (5/16/2017)
• 3. Deutsche Bank AG analysts commented, "We've updated our forecast to reflect our latest assumptions for the fundamentals across the Cable operations and NBCU. Our 1Q consolidated EBITDA estimate increased by 1.3%, FCF by 1.8%, and EPS by 3.9%. Our full-year estimates increased by less than 1% for each of these metrics. The increase was driven by our expectations for stronger performance at NBCU, which was driven almost entirely by Filmed Entertainment. We are maintaining our Buy rating and raising our PT to $44. In addition to continued strong fundamentals, we expect Comcast to be a direct beneficiary of potential tax reform and deregulation in communications and media." (3/28/2017)
• 4. Guggenheim analysts commented, "We have updated our CMCSA model to account for Comcast's acquisition of the 49% stake in Universal Studios Japan (USJ) that it did not own, as well as the company's 2-for-1 stock split, which was effective on February 21. Our core operating estimates remain largely unchanged, though our net income rises modestly due to our assumption of a relatively low funding cost for the ~$60mm in positive net income impact from full ownership of USJ. Our 2017 EPS is now $1.89 from our prior $3.78 or $1.89 split adjusted." (3/1/2017)
• 5. Jefferies Group LLC analysts commented, "Both results and 2017 shareholder returns were generally as expected. The call brought incremental clarity on wireless dilution, a key focus ahead of the print, with upwards of $300mn a reasonable level, in our view. In addition, commentary likely soothed fears of a costly wireless build ahead. Cable OCF guidance was also inline, and it appears associated X1 costs are beginning to dissipate, setting the stage for margin stability/growth in 2018 and beyond." (1/27/2017)

Comcast Corporation saw a decrease in short interest during the month of July. As of July 31st, there was short interest totalling 50,064,711 shares, a decrease of 15.8% from the July 14th total of 59,436,654 shares. Based on an average daily trading volume, of 19,418,770 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.1% of the shares of the company are short sold.

Some companies that are related to Comcast Corporation include Walt Disney Company (The) (DIS), CBS Corporation (CBS), Sky Plc (SKY), Liberty Media Corporation (LSXMA), Sky Plc (BSY), ITV plc (ITV), Sinclair Broadcast Group (SBGI), TiVo Corporation (TIVO), Liberty Media Corporation (BATRK), Gray Television (GTN), Central European Media Enterprises (CETV), Phoenix New Media Limited (FENG), Global Eagle Entertainment (ENT), Comcast (CMCSK), Directv (DTV), Starz Acquisition LLC (STRZA) and Starz Acquisition LLC (LCAPA).

Comcast Corporation's management team includes the folowing people:

• Brian L. Roberts, Chairman of the Board, President, Chief Executive Officer
• Michael J. Cavanagh, Chief Financial Officer, Senior Executive Vice President
• David N. Watson, President, Chief Executive Officer
• Arthur R. Block, Executive Vice President, General Counsel, Secretary
• Stephen B. Burke, Senior Executive Vice President: President and Chief Executive Officer, NBC Universal Holdings and NBC Universal
• David L. Cohen J.D., Senior Executive Vice President
• Daniel C. Murdock, Senior Vice President, Chief Accounting Officer
• Kornelis Smit Jr., Non-Executive Vice Chairman of the Board
• Edward D. Breen, Lead Independent Director
• Sheldon M. Bonovitz, Director

Comcast Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.72%), Capital World Investors (5.20%), State Street Corp (4.16%), FMR LLC (2.03%), Dodge & Cox (1.58%) and Ameriprise Financial Inc. (1.25%). Company insiders that own Comcast Corporation stock include Arthur R Block, Brian L Roberts, Daniel C Murdock, David L Cohen, J Michael Cook, Judith Rodin, Kenneth J Bacon, Lawrence J Salva, Neil Smit, Sheldon M Bonovitz and Stephen B Burke. View Institutional Ownership Trends for Comcast Corporation.

Comcast Corporation's stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Capital World Investors, Arrowstreet Capital Limited Partnership, First Eagle Investment Management LLC, State Street Corp, Capital Guardian Trust Co., Fred Alger Management Inc. and Epoch Investment Partners Inc.. Company insiders that have sold Comcast Corporation stock in the last year include Arthur R Block, Daniel C Murdock, David L Cohen, Kenneth J Bacon, Lawrence J Salva, Neil Smit and Stephen B Burke. View Insider Buying and Selling for Comcast Corporation.

Comcast Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Vanguard Group Inc., UBS Asset Management Americas Inc., Prudential Financial Inc., Southpoint Capital Advisors LP, Numeric Investors LLC, The Manufacturers Life Insurance Company and Veritas Asset Management LLP. View Insider Buying and Selling for Comcast Corporation.

Shares of Comcast Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Comcast Corporation stock can currently be purchased for approximately $40.65.