Comcast (NASDAQ:CMCSA) Price Target Cut to $40.00 by Analysts at UBS Group

Comcast (NASDAQ:CMCSA - Free Report) had its target price decreased by UBS Group from $47.00 to $40.00 in a report released on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the cable giant's stock.

A number of other analysts have also recently issued reports on CMCSA. Morgan Stanley reduced their price objective on Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Benchmark reduced their price target on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a report on Friday, January 31st. Rosenblatt Securities dropped their price objective on Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Barclays dropped their price target on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $43.64.

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Comcast Stock Down 2.0 %

Shares of NASDAQ CMCSA traded down $0.75 during mid-day trading on Tuesday, reaching $36.62. The company had a trading volume of 23,323,616 shares, compared to its average volume of 21,396,726. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $138.46 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.78 and a beta of 1.00. The stock has a fifty day moving average of $35.89 and a two-hundred day moving average of $38.99. Comcast has a 12-month low of $32.50 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 expect that Comcast will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This is an increase from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's payout ratio is currently 31.81%.

Hedge Funds Weigh In On Comcast

Large investors have recently bought and sold shares of the stock. Milestone Asset Management Group LLC bought a new position in Comcast during the fourth quarter valued at about $372,000. Chancellor Financial Group WB LP acquired a new stake in shares of Comcast during the 4th quarter worth approximately $343,000. 111 Capital bought a new stake in shares of Comcast during the fourth quarter valued at approximately $2,886,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Comcast by 12.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 740,084 shares of the cable giant's stock valued at $27,775,000 after purchasing an additional 81,082 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its position in Comcast by 2.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 382,234 shares of the cable giant's stock worth $14,345,000 after purchasing an additional 8,661 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

About Comcast

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.