Comcast (NASDAQ:CMCSA) Price Target Cut to $26.00 by Analysts at BNP Paribas Exane

Comcast (NASDAQ:CMCSA) had its price objective trimmed by BNP Paribas Exane from $27.00 to $26.00 in a research report sent to investors on Thursday,MarketScreener reports. The brokerage currently has an underperform rating on the cable giant’s stock.

Other analysts have also issued reports about the company. Pivotal Research lowered Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Royal Bank Of Canada lowered their price objective on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Scotiabank cut their price target on Comcast from $37.50 to $35.25 and set a “sector perform” rating on the stock in a report on Friday, January 30th. Finally, UBS Group cut their price objective on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.76.

Comcast Trading Down 0.0%

CMCSA stock opened at $28.72 on Thursday. Comcast has a fifty-two week low of $25.75 and a fifty-two week high of $37.63. The stock has a market capitalization of $103.33 billion, a price-to-earnings ratio of 5.35, a P/E/G ratio of 2.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The business has a fifty day moving average price of $30.30 and a 200 day moving average price of $29.59.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 earnings per share. Analysts expect that Comcast will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is currently 24.58%.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Comcast

Institutional investors have recently modified their holdings of the business. Purpose Unlimited Inc. bought a new stake in Comcast in the 4th quarter valued at about $77,000. Stance Capital LLC boosted its stake in Comcast by 20.7% in the fourth quarter. Stance Capital LLC now owns 50,203 shares of the cable giant’s stock valued at $1,501,000 after buying an additional 8,621 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Comcast by 217.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,218,001 shares of the cable giant’s stock valued at $36,406,000 after purchasing an additional 834,891 shares during the last quarter. World Investment Advisors grew its stake in shares of Comcast by 17.1% during the fourth quarter. World Investment Advisors now owns 328,962 shares of the cable giant’s stock worth $9,833,000 after buying an additional 47,936 shares during the last quarter. Finally, Winthrop Partners WNY LLC bought a new stake in Comcast during the 4th quarter worth $938,000. Institutional investors own 84.32% of the company’s stock.

About Comcast

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.