Instinet cut shares of Comcast (NASDAQ:CMCSA) from a buy rating to a neutral rating in a research report sent to investors on Thursday. They currently have $45.00 price target on the cable giant’s stock, up from their prior price target of $42.00.

Several other analysts have also issued reports on CMCSA. TD Securities lowered shares of Comcast from an action list buy rating to a buy rating and boosted their target price for the company from $42.60 to $51.00 in a research report on Friday, January 12th. Royal Bank of Canada restated a buy rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, October 18th. Evercore ISI restated an outperform rating and set a $48.00 target price (up from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. KeyCorp restated a hold rating on shares of Comcast in a research report on Tuesday, October 17th. Finally, Robert W. Baird restated an outperform rating on shares of Comcast in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-five have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $46.83.

Shares of Comcast (NASDAQ CMCSA) traded up $0.65 during midday trading on Thursday, reaching $42.50. 22,344,138 shares of the company traded hands, compared to its average volume of 21,530,000. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $198,640.00, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.84 and a beta of 1.00. Comcast has a 12 month low of $34.78 and a 12 month high of $42.71.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. analysts predict that Comcast will post 2.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. Comcast’s dividend payout ratio is 29.72%.

In related news, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the transaction, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 5,630 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the transaction, the executive vice president now owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 593,402 shares of company stock valued at $22,961,401. 1.28% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC purchased a new stake in Comcast during the third quarter valued at $104,000. Clear Perspective Advisors LLC raised its stake in Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new stake in Comcast during the second quarter valued at $107,000. First Bank & Trust raised its stake in Comcast by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares in the last quarter. Finally, Willingdon Wealth Management purchased a new stake in Comcast during the third quarter valued at $133,000. Hedge funds and other institutional investors own 82.20% of the company’s stock.

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Comcast Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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