Comcast (NASDAQ:CMCSA) Given “Neutral” Rating at Rosenblatt Securities

Rosenblatt Securities reaffirmed their neutral rating on shares of Comcast (NASDAQ:CMCSA) in a research report sent to investors on Wednesday morning, Benzinga reports. Rosenblatt Securities currently has a $45.00 target price on the cable giant’s stock.

Several other analysts also recently issued reports on CMCSA. Wells Fargo & Company lifted their price target on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, October 30th. TD Cowen reduced their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Comcast Stock Up 6.1 %

Shares of NASDAQ CMCSA opened at $45.14 on Wednesday. Comcast has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $174.80 billion, a P/E ratio of 12.13, a P/E/G ratio of 1.14 and a beta of 1.00. The firm has a 50 day moving average price of $41.00 and a 200 day moving average price of $39.66.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that Comcast will post 4.27 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is 33.33%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CMCSA. Fairscale Capital LLC bought a new position in Comcast during the 2nd quarter worth $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Comcast in the second quarter valued at about $27,000. IAG Wealth Partners LLC increased its position in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares during the period. McClarren Financial Advisors Inc. increased its position in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the period. Finally, Archer Investment Corp raised its stake in Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

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.