Comcast Co. (NASDAQ:CMCSA – Get Score) introduced a quarterly dividend on Thursday, Could twelfth, Wall Road Journal studies. Stockholders of report on Wednesday, July sixth can be paid a dividend of 0.27 per share by the cable big on Wednesday, July twenty seventh. This represents a $1.08 annualized dividend and a dividend yield of two.61%. The ex-dividend date of this dividend is Tuesday, July fifth.
Comcast has raised its dividend fee by a median of 9.6% per yr over the past three years and has elevated its dividend yearly for the final 16 years. Comcast has a dividend payout ratio of 26.5% indicating that its dividend is sufficiently lined by earnings. Analysts count on Comcast to earn $3.96 per share subsequent yr, which implies the corporate ought to proceed to have the ability to cowl its $1.08 annual dividend with an anticipated future payout ratio of 27.3%.
Shares of CMCSA inventory opened at $41.39 on Friday. The corporate has a market capitalization of $187.63 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.86 and a beta of 0.97. Comcast has a one yr low of $39.47 and a one yr excessive of $61.80. The corporate’s fifty day transferring common worth is $45.38 and its 200-day transferring common worth is $48.46. The corporate has a debt-to-equity ratio of 1.02, a present ratio of 0.86 and a fast ratio of 0.86.
Comcast (NASDAQ:CMCSA – Get Score) final introduced its quarterly earnings knowledge on Thursday, April twenty eighth. The cable big reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. The agency had income of $31.01 billion for the quarter, in comparison with the consensus estimate of $30.40 billion. Comcast had a web margin of 11.96% and a return on fairness of 15.92%. The corporate’s income was up 14.0% on a year-over-year foundation. Throughout the identical interval final yr, the agency earned $0.76 EPS. Equities analysis analysts count on that Comcast will put up 3.55 earnings per share for the present fiscal yr.
A number of analysts have not too long ago issued studies on the inventory. Oppenheimer decreased their goal worth on shares of Comcast from $75.00 to $60.00 and set an “outperform” score on the inventory in a analysis report on Thursday, April 14th. Royal Financial institution of Canada raised shares of Comcast from a “sector carry out” score to an “outperform” score and set a $60.00 worth goal on the inventory in a analysis report on Monday, January twenty fourth. Truist Monetary lowered shares of Comcast from a “purchase” score to a “maintain” score and lowered their worth goal for the inventory from $70.00 to $50.00 in a analysis report on Tuesday, March 1st. Cowen elevated their worth goal on shares of Comcast from $60.00 to $64.00 in a analysis report on Friday, January twenty eighth. Lastly, StockNews.com upgraded shares of Comcast from a “purchase” score to a “strong-buy” score in a analysis be aware on Thursday. One equities analysis analyst has rated the inventory with a promote score, seven have given a maintain score, fifteen have assigned a purchase score and one has given a robust purchase score to the corporate’s inventory. In response to MarketBeat, the inventory has a consensus score of “Purchase” and a median worth goal of $59.46.
In associated information, CEO David N. Watson bought 65,410 shares of the agency’s inventory in a transaction on Friday, March eleventh. The shares have been bought at a median worth of $45.69, for a complete transaction of $2,988,582.90. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible via the SEC web site. Firm insiders personal 1.35% of the corporate’s inventory.
A number of institutional traders have not too long ago modified their holdings of the inventory. Ironwood Wealth Administration LLC. raised its holdings in shares of Comcast by 2.4% throughout the first quarter. Ironwood Wealth Administration LLC. now owns 15,458 shares of the cable big’s inventory value $724,000 after buying a further 363 shares over the past quarter. Weiss Multi Technique Advisers LLC acquired a brand new stake in Comcast throughout the fourth quarter valued at $4,334,000. Virtu Monetary LLC acquired a brand new stake in Comcast throughout the fourth quarter valued at $475,000. First Group Belief NA acquired a brand new stake in shares of Comcast within the fourth quarter valued at about $101,000. Lastly, Toroso Investments LLC grew its place in shares of Comcast by 19.3% within the fourth quarter. Toroso Investments LLC now owns 121,303 shares of the cable big’s inventory valued at $6,105,000 after buying a further 19,617 shares throughout the interval. 83.33% of the inventory is owned by hedge funds and different institutional traders.
Comcast Firm Profile (Get Score)
Comcast Company operates as a media and expertise firm worldwide. It operates via Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications phase presents broadband, video, voice, wi-fi, and different providers to residential and enterprise clients underneath the Xfinity model; and promoting providers.
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