Seaport Res Ptn Lowers Comcast (NASDAQ:CMCSA) to Hold

Seaport Res Ptn lowered shares of Comcast (NASDAQ:CMCSA) from a strong-buy rating to a hold rating in a research report released on Monday, Zacks.com reports.

Other analysts have also recently issued reports about the stock. BNP Paribas cut shares of Comcast from a neutral rating to an underperform rating and set a $34.00 target price on the stock. in a research report on Tuesday, June 11th. Oppenheimer reiterated an outperform rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Wells Fargo & Company decreased their target price on shares of Comcast from $47.00 to $43.00 and set an equal weight rating for the company in a research report on Friday, April 26th. StockNews.com cut shares of Comcast from a strong-buy rating to a buy rating in a research report on Friday, March 22nd. Finally, Macquarie decreased their target price on shares of Comcast from $43.00 to $40.00 and set a neutral rating for the company in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $48.62.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $38.28 on Monday. Comcast has a twelve month low of $36.43 and a twelve month high of $47.46. The firm has a market cap of $150.20 billion, a P/E ratio of 10.13, a PEG ratio of 0.96 and a beta of 1.00. The company has a 50 day moving average of $38.76 and a 200 day moving average of $41.44. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect that Comcast will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Insider Activity at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, the insider now directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Paralel Advisors LLC boosted its position in shares of Comcast by 1.1% during the 3rd quarter. Paralel Advisors LLC now owns 50,446 shares of the cable giant’s stock valued at $2,237,000 after purchasing an additional 569 shares in the last quarter. Mather Group LLC. lifted its position in shares of Comcast by 26.2% in the third quarter. Mather Group LLC. now owns 29,410 shares of the cable giant’s stock worth $1,304,000 after purchasing an additional 6,097 shares in the last quarter. Westover Capital Advisors LLC bought a new position in Comcast during the third quarter valued at approximately $358,000. Trexquant Investment LP raised its position in Comcast by 422.0% during the third quarter. Trexquant Investment LP now owns 200,356 shares of the cable giant’s stock valued at $8,884,000 after acquiring an additional 161,975 shares in the last quarter. Finally, Trustmark National Bank Trust Department raised its position in Comcast by 75.4% during the third quarter. Trustmark National Bank Trust Department now owns 32,680 shares of the cable giant’s stock valued at $1,449,000 after acquiring an additional 14,052 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

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.