Comcast Names Watson As Cable Unit CEO Ahead Of Wireless Push
- Author: Arturo Norris Mar 20, 2017,
Mar 20, 2017, 23:46
Shares of Ross Stores, Inc. Edge Asset Management Inc.'s holdings in Comcast were worth $43,975,000 at the end of the most recent quarter. The company's shares were closed at 10.95.
Scharf Investments LLC lowered its position in Comcast Co.
Employees Retirement System of Texas decreased its position in shares of Comcast Co. Proficio Capital Partners LLC boosted its stake in shares of Comcast by 3.7% in the third quarter.
IBD'S TAKE: Shares in Comcast, which split its stock 2:1 earlier this year, have been consolidating. Truepoint Inc. now owns 6,852 shares of the cable giant's stock worth $455,000 after buying an additional 31 shares during the period. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 0.15% where SMA50 and SMA200 are 1.57% and 11.08% respectively. The price to book ratio of the company for the most recent quarter is 3.2.
Earnings estimate: "23" Analysts are saying that the company to report next quarterly earnings of $0.47 per share for period Quarter Ending_Jun-17.
Growth Estimate for Comcast Corporation (NASDAQ:CMCSA) is projected at -2.3 percent in the Current Quarter and 11.9 percent in the Next Quarter, according to analysts. Comcast had a return on equity of 15.30% and a net margin of 10.81%.
Smit, formerly the CEO of Charter Communications and also an exec late of AOL and Nabisco, was named president of Comcast Cable in January 2010, and was promoted to president and CEO of the cable unit and EVP of Comcast Corp. the following year. For annual bases, the firm attains $0.62 per-share earnings for FY 2016 trends against $0.78 for fiscal year 2017 Trends, views extracted from WSJ. For CMCSA, the company now has $3.3 Billion of cash on the books, which is offset by $5.48 Billion current liabilities. Investors of record on Wednesday, April 5th will be paid a dividend of $0.1575 per share. This is an increase from Comcast's previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a dividend yield of 1.68%. Comcast's payout ratio is 30.81%.
Several research firms have recently weighed in on CMCSA.
Comcast Corporation (NASDAQ:CMCSA) right now sits at consensus rating of 1.80 while 18 analysts have advocated the shares as "BUY", 9 calls it an "OUTPERFORM" and 2 suggest "HOLD". Price targets frequently change, depending on the outlook for a company's earnings.
Comcast Corporation (CMCSA) is an interesting player in the Services space, with a focus on Entertainment - Diversified. Morgan Stanley reiterated an "overweight" rating and issued a $40.00 price objective (up from $38.00) on shares of Comcast in a research report on Thursday, January 5th. One investment analyst has rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on the consensus of stock financial advisors the stock has a price target of $39.37. Penserra Capital Management LLC now owns 1,764 shares of the cable giant's stock valued at $117,000 after buying an additional 882 shares during the period. Insiders have sold 239,152 shares of company stock valued at $16,773,898 in the last ninety days. Also, EVP Arthur R. Block sold 1,680 shares of the company's stock in a transaction dated Tuesday, December 27th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
The good news is there's still room for the share price to grow. The company's shares were closed at $37.75. The disclosure for this sale can be found here. Following the sale, the executive vice president now directly owns 38,844 shares of the company's stock, valued at $2,950,590.24. The short ratio in the company's stock is documented at 5.89 and the short float is around of 1.30%.