Comcast (NASDAQ:CMCSA) – KeyCorp dropped their Q3 2018 EPS estimates for Comcast in a report released on Wednesday, April 25th. KeyCorp analyst A. Hargreaves now anticipates that the cable giant will post earnings per share of $0.61 for the quarter, down from their prior forecast of $0.62.

Several other analysts have also recently commented on CMCSA. Pivotal Research reissued a “buy” rating and issued a $52.00 price target on shares of Comcast in a report on Wednesday, January 24th. Nomura reissued a “neutral” rating and issued a $42.00 price target (down from $45.00) on shares of Comcast in a report on Thursday, January 18th. Instinet cut Comcast from a “buy” rating to a “neutral” rating and raised their price target for the company from $42.00 to $45.00 in a report on Thursday, January 18th. SunTrust Banks raised their price target on Comcast to $50.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Guggenheim raised their price target on Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Comcast currently has an average rating of “Buy” and an average target price of $46.80.

Shares of CMCSA stock opened at $31.81 on Friday. Comcast has a twelve month low of $31.80 and a twelve month high of $44.00. The company has a market capitalization of $159,120.80, a price-to-earnings ratio of 15.44, a P/E/G ratio of 1.26 and a beta of 1.17. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 0.90.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. Comcast had a return on equity of 16.14% and a net margin of 26.79%. The company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.74 billion. During the same period last year, the business posted $0.53 EPS. The company’s revenue was up 10.7% on a year-over-year basis.

In related news, CEO Brian L. Roberts sold 358,353 shares of Comcast stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $36.89, for a total transaction of $13,219,642.17. Following the completion of the transaction, the chief executive officer now directly owns 1,717,788 shares of the company’s stock, valued at $63,369,199.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David N. Watson sold 131,447 shares of Comcast stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $36.79, for a total value of $4,835,935.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,210,111 shares of company stock valued at $44,299,007. 1.28% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Roberts Glore & Co. Inc. IL raised its holdings in shares of Comcast by 2.1% in the second quarter. Roberts Glore & Co. Inc. IL now owns 9,234 shares of the cable giant’s stock worth $359,000 after acquiring an additional 190 shares during the last quarter. Balentine LLC raised its holdings in shares of Comcast by 1.5% in the second quarter. Balentine LLC now owns 13,774 shares of the cable giant’s stock worth $536,000 after acquiring an additional 200 shares during the last quarter. Highland Private Wealth Management grew its position in shares of Comcast by 3.1% in the second quarter. Highland Private Wealth Management now owns 7,156 shares of the cable giant’s stock valued at $278,000 after purchasing an additional 214 shares during the period. Laurel Wealth Advisors Inc. grew its position in shares of Comcast by 2.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 12,524 shares of the cable giant’s stock valued at $487,000 after purchasing an additional 318 shares during the period. Finally, Sunbelt Securities Inc. grew its position in shares of Comcast by 7.0% in the second quarter. Sunbelt Securities Inc. now owns 9,523 shares of the cable giant’s stock valued at $371,000 after purchasing an additional 626 shares during the period. 83.49% of the stock is owned by institutional investors.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

Earnings History and Estimates for Comcast (NASDAQ:CMCSA)

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