KeyCorp Lowers Comcast (NASDAQ:CMCSA) Price Target to $44.00

Comcast (NASDAQ:CMCSA) had its price objective cut by KeyCorp from $45.00 to $44.00 in a report published on Wednesday morning, Benzinga reports. They currently have an overweight rating on the cable giant’s stock.

Several other research firms have also commented on CMCSA. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Benchmark reaffirmed a buy rating and issued a $55.00 price objective on shares of Comcast in a report on Monday, May 13th. Rosenblatt Securities reaffirmed a neutral rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday. BNP Paribas downgraded shares of Comcast from a neutral rating to an underperform rating and set a $34.00 price objective on the stock. in a report on Tuesday, June 11th. Finally, Wells Fargo & Company dropped their price objective on shares of Comcast from $47.00 to $43.00 and set an equal weight rating on the stock in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $46.96.

Comcast Trading Up 3.8 %

NASDAQ:CMCSA opened at $39.69 on Wednesday. Comcast has a one year low of $36.43 and a one year high of $47.46. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.59 and a current ratio of 0.66. The firm has a market cap of $155.73 billion, a P/E ratio of 10.50, a P/E/G ratio of 1.01 and a beta of 1.00. The firm has a 50-day simple moving average of $38.53 and a 200-day simple moving average of $40.65.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. Comcast’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 EPS. Equities analysts anticipate that Comcast will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio is presently 32.80%.

Insider Activity

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

Institutional Investors Weigh In On Comcast

A number of hedge funds have recently modified their holdings of CMCSA. Pacer Advisors Inc. boosted its stake in Comcast by 3.7% during the fourth quarter. Pacer Advisors Inc. now owns 447,303 shares of the cable giant’s stock worth $19,614,000 after buying an additional 15,952 shares during the period. Assenagon Asset Management S.A. boosted its stake in Comcast by 38.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 152,156 shares of the cable giant’s stock worth $6,672,000 after buying an additional 42,309 shares during the period. IFG Advisory LLC boosted its stake in Comcast by 3.3% during the fourth quarter. IFG Advisory LLC now owns 74,751 shares of the cable giant’s stock worth $3,278,000 after buying an additional 2,384 shares during the period. Great Lakes Retirement Inc. boosted its stake in Comcast by 5.6% during the fourth quarter. Great Lakes Retirement Inc. now owns 14,423 shares of the cable giant’s stock worth $632,000 after buying an additional 763 shares during the period. Finally, Successful Portfolios LLC boosted its stake in Comcast by 26.5% during the fourth quarter. Successful Portfolios LLC now owns 5,710 shares of the cable giant’s stock worth $250,000 after buying an additional 1,197 shares during the period. Hedge funds and other 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.