Comcast (NASDAQ:CMCSA) released its quarterly earnings data on Wednesday. The cable giant reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02, Bloomberg Earnings reports. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. During the same period last year, the company earned $0.89 EPS. Comcast’s revenue for the quarter was up 4.2% on a year-over-year basis.

Comcast (NASDAQ:CMCSA) opened at $42.44 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast has a twelve month low of $34.78 and a twelve month high of $42.92. The company has a market capitalization of $198,350.00, a P/E ratio of 20.02, a P/E/G ratio of 1.86 and a beta of 1.00.

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

In other news, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 5,630 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the sale, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 593,402 shares of company stock worth $22,961,401. 1.28% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. MPS Loria Financial Planners LLC bought a new position in shares of Comcast during the 2nd quarter valued at approximately $107,000. Wealthcare Advisory Partners LLC bought a new position in shares of Comcast during the 3rd quarter valued at approximately $104,000. Clear Perspective Advisors LLC increased its position in shares of Comcast by 100.1% during the 2nd 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 during the last quarter. First Bank & Trust increased its position in shares of Comcast by 84.9% during the 2nd 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 during the last quarter. Finally, Willingdon Wealth Management bought a new position in shares of Comcast during the 3rd quarter valued at approximately $133,000. 82.26% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the company. TD Securities downgraded Comcast from an “action list buy” rating to a “buy” rating and boosted their price target for the company from $42.60 to $51.00 in a research note on Friday, January 12th. Scotiabank set a $52.00 price target on Comcast and gave the company a “buy” rating in a research note on Friday, January 19th. Nomura restated a “neutral” rating and set a $42.00 price target (down from $45.00) on shares of Comcast in a research note on Thursday, January 18th. Moffett Nathanson restated a “buy” rating and set a $52.00 price target (up from $45.00) on shares of Comcast in a research note on Thursday, January 18th. Finally, Instinet downgraded Comcast from a “buy” rating to a “neutral” rating and boosted their price target for the company from $42.00 to $45.00 in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. Comcast presently has a consensus rating of “Buy” and a consensus price target of $46.83.

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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.

Earnings History for Comcast (NASDAQ:CMCSA)

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