Comcast (NASDAQ:CMCSA) Given New $40.00 Price Target at UBS Group

Comcast (NASDAQ:CMCSA) had its price objective cut by UBS Group from $47.00 to $40.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the cable giant’s stock.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Citigroup dropped their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Barclays dropped their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Finally, Loop Capital cut their price target on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.64.

Comcast Trading Up 0.9 %

NASDAQ CMCSA opened at $36.94 on Tuesday. The business’s fifty day moving average is $35.85 and its 200-day moving average is $39.04. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $139.67 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 1.78 and a beta of 1.00. Comcast has a one year low of $32.50 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities research analysts predict that Comcast will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.57%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 31.81%.

Institutional Investors Weigh In On Comcast

Several hedge funds have recently added to or reduced their stakes in the company. Capital World Investors lifted its holdings in shares of Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after acquiring an additional 11,255,683 shares during the last quarter. FMR LLC raised its position in Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares during the period. Norges Bank bought a new stake in Comcast in the fourth quarter worth $3,835,226,000. Geode Capital Management LLC boosted its position in Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock valued at $3,212,244,000 after buying an additional 1,006,272 shares during the period. Finally, Dodge & Cox grew its stake in shares of Comcast by 6.8% during the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock valued at $2,968,723,000 after buying an additional 5,039,823 shares during the last quarter. 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.