Comcast Corporation (NASDAQ:CMCSA) Mean Price Target At $39.262
- Author: Zachary Reyes Mar 03, 2017,
Mar 03, 2017, 19:23
Comcast (NASDAQ:CMCSA) pays an annual dividend of $1.10 with a yield of 2.94%. The stock grabbed 171 new institutional investments totaling 57,526,856 shares while 63 institutional investors sold out their entire positions totaling 25,425,364 shares. Comcast in September 2015, in what it at the time called its largest global investment, bought a 51% stake in the holding company of Universal Studios Japan from owners that include Goldman Sachs Group Inc. Rand Wealth LLC boosted its stake in Comcast by 0.4% in the second quarter. Following the completion of the sale, the executive vice president now directly owns 74,554 shares in the company, valued at $2,804,721.48. Truepoint Inc. raised its position in Comcast Corporation by 0.5% in the third quarter.
On 03/01/2017 close, Best Buy Co., Inc. Proficio Capital Partners LLC boosted its position in Comcast by 3.7% in the third quarter. The stock was sold at an average price of $69.57, for a total transaction of $1,051,967.97. Woodmont Investment Counsel LLC acquired a new stake in Comcast during the third quarter worth $110,000. SSI Investment Management Inc. now owns 4,888 shares of the cable giant's stock valued at $318,000 after buying an additional 59 shares during the period. Institutional investors own 82.03% of the company's stock.
According to analysts, Comcast Corporation (NASDAQ:CMCSA) is predicted to announce EPS of $0.43 for the quarter. The company's shares were given away at $37.98 per share worth to an income of some $237,071 on account of SALVA LAWRENCE J. Comcast has a one year low of $29.02 and a one year high of $38.44.
On 7/27/2016 Comcast announced a quarterly dividend of $0.28 1.62% with an ex dividend date of 10/3/2016 which will be payable on 10/26/2016. Latest closing price was 2.87% above its 50-day moving average and 12.19% above its 200-day moving average. The cable giant reported $0.89 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.87 by $0.02.
Many Analysts provided their foresight on Revenue Estimates of Comcast Corporation where they believe that the company has the potential to earn average revenue of $20 Billion for the current quarter. Comcast had a net margin of 10.81% and a return on equity of 15.30%. Kistler Tiffany Companies LLC now owns 4,956 shares of the cable giant's stock worth $329,000 after buying an additional 17 shares in the last quarter. This is an increase from Comcast Corporation's previous quarterly dividend of $0.14.
Comcast Corporation (NASDAQ:CMCSA)'s earnings per share has been growing at a 18.9 percent rate over the past 5 year when average revenue increase was noted as 7.6 percent.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th will be paid a $0.1575 dividend. Comcast's dividend payout ratio (DPR) is now 30.81%.
CMCSA has been the subject of several recent research reports. Seminole Management Co. Inc. raised its stake in Comcast by 37.7% in the third quarter.
Shares of Comcast Co. Comcast Corporation shares are scheduled to split before the market opens on Monday, February 20th. Finally, Argus reaffirmed a "buy" rating and set a $81.00 price objective on shares of Comcast Corporation in a research note on Tuesday, September 27th.
Average broker recommendation can be specified as the mean of separate ratings set by sell-side analysts to discern Consensus Rating. 27 Analysts reported that the Price Target for Comcast Corporation might touch $47.5 high while the Average Price Target and Low price Target is $41.69 and $37 respectively.
In related news, EVP Neil Smit sold 33,000 shares of the stock in a transaction dated Wednesday, March 1st. After this sale, 107,554 common shares of CMCSA are directly owned by the insider, with total stake valued at $4,027,897. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Arthur R. Block sold 6,752 shares of the business's stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $75.31, for a total transaction of $10,039,877.34.