Comcast (NASDAQ:CMCSA) Given New $50.00 Price Target at Deutsche Bank Aktiengesellschaft

Comcast (NASDAQ:CMCSA) had its target price increased by Deutsche Bank Aktiengesellschaft from $49.00 to $50.00 in a report published on Friday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the cable giant’s stock.

Other equities analysts also recently issued research reports about the stock. Barclays lowered their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research report on Friday. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $46.63.

Comcast Price Performance

CMCSA traded down $0.11 during trading on Friday, reaching $43.56. The company’s stock had a trading volume of 25,078,455 shares, compared to its average volume of 19,681,141. The company has a market cap of $168.69 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.11 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm has a fifty day simple moving average of $40.80 and a two-hundred day simple moving average of $39.58. Comcast has a 1 year low of $36.43 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter last year, the firm earned $1.08 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Comcast will post 4.24 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 32.98%.

Hedge Funds Weigh In On Comcast

A number of hedge funds have recently made changes to their positions in CMCSA. Koshinski Asset Management Inc. lifted its holdings in shares of Comcast by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after purchasing an additional 249 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Comcast by 3.1% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC lifted its holdings in shares of Comcast by 4.7% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after purchasing an additional 260 shares in the last quarter. Greenwich Wealth Management LLC lifted its holdings in shares of Comcast by 2.7% in the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after purchasing an additional 261 shares in the last quarter. Finally, Saxon Interests Inc. lifted its holdings in shares of Comcast by 2.0% in the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock worth $566,000 after purchasing an additional 262 shares in the last quarter. 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.