Comcast (NASDAQ:CMCSA) Price Target Raised to $30.00 at BNP Paribas Exane

Comcast (NASDAQ:CMCSA) had its price target boosted by BNP Paribas Exane from $28.00 to $30.00 in a research report report published on Friday,MarketScreener reports. They currently have a neutral rating on the cable giant’s stock.

Other research analysts have also recently issued reports about the stock. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Scotiabank cut their price target on Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a report on Friday, October 31st. Cowen reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, October 31st. TD Cowen dropped their price objective on Comcast from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Evercore ISI reduced their target price on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $35.92.

Comcast Trading Down 2.3%

NASDAQ:CMCSA opened at $29.57 on Friday. Comcast has a 52-week low of $25.75 and a 52-week high of $38.46. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a fifty day simple moving average of $28.01 and a 200-day simple moving average of $31.65. The company has a market capitalization of $107.75 billion, a PE ratio of 4.92, a price-to-earnings-growth ratio of 2.08 and a beta of 0.83.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. On average, equities research analysts expect that Comcast will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Comcast’s dividend payout ratio is currently 21.96%.

Institutional Investors Weigh In On Comcast

Several hedge funds have recently modified their holdings of CMCSA. Norges Bank purchased a new position in Comcast during the second quarter worth approximately $3,528,361,000. Dodge & Cox increased its holdings in shares of Comcast by 18.1% during the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after buying an additional 17,054,579 shares during the last quarter. Capital Research Global Investors raised its position in shares of Comcast by 46.1% in the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after buying an additional 10,633,206 shares during the period. State Street Corp boosted its holdings in Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after acquiring an additional 7,917,335 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in Comcast by 1,356.2% during the third quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock valued at $205,993,000 after acquiring an additional 6,105,867 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.