Comcast (NASDAQ:CMCSA) Reaches New 12-Month Low - Here's What Happened

Comcast Co. (NASDAQ:CMCSA - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $32.38 and last traded at $32.71, with a volume of 3983427 shares changing hands. The stock had previously closed at $33.38.

Analyst Ratings Changes

Several equities research analysts recently commented on CMCSA shares. The Goldman Sachs Group dropped their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Citigroup reduced their price target on shares of Comcast from $47.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Bank of America downgraded shares of Comcast from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $50.00 to $38.00 in a research report on Friday, January 31st. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a research report on Thursday. Finally, UBS Group lowered their price target on Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.90.

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Comcast Stock Performance

The firm has a market cap of $127.50 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The business has a 50 day simple moving average of $35.56 and a two-hundred day simple moving average of $38.56.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating 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%. As a group, equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.91%. Comcast's dividend payout ratio (DPR) is currently 31.81%.

Institutional Investors Weigh In On Comcast

A number of hedge funds have recently made changes to their positions in CMCSA. McIlrath & Eck LLC grew its stake in shares of Comcast by 14.8% in the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock worth $91,000 after purchasing an additional 282 shares during the last quarter. Sculati Wealth Management LLC boosted its holdings in Comcast by 0.9% during the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after buying an additional 285 shares in the last quarter. Integrated Investment Consultants LLC grew its position in Comcast by 1.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock worth $622,000 after buying an additional 291 shares during the last quarter. Five Oceans Advisors increased its holdings in shares of Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock valued at $463,000 after buying an additional 298 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its position in shares of Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after acquiring an additional 300 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

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.