Short Term Outlook For Comcast Corporation (NASDAQ:CMCSA)

Marco Green
September 26, 2017

Comcast Corporation (NASDAQ:CMCSA) reported its EPS in the last quarter as $0.52/Share beating the analyst estimate of $0.48/Share by a difference of $0.04. Haverford Trust Co. now owns 3,301,780 shares of the cable giant's stock worth $124,114,000 after buying an additional 1,783,436 shares in the last quarter. Capital One National Association's holdings in Comcast Corporation were worth $2,513,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Union Bankshares Corp lifted its position in shares of Comcast Corporation by 1.2% during the 2nd quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant's stock worth $14,563,000 after buying an additional 186,920 shares in the last quarter. Curbstone Financial Management Corp increased its holdings in shares of Comcast Corporation by 2.9% in the second quarter. Artisan Partners Limited Partnership increased its position in Comcast Corporation by 100.9% during the first quarter. The stock has "Buy" rating by Jefferies on Monday, December 19. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant's stock worth $33,802,000 after buying an additional 451,551 shares in the last quarter.

In related news, SVP Daniel C. Murdock sold 3,659 shares of the firm's stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the transaction, the senior vice president now owns 725 shares of the company's stock, valued at approximately $28,717.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Another trade for 7,500 shares valued at $303,713 was sold by BACON KENNETH J. Truenorth Inc sold 5,758 shares as the company's stock declined 4.05% while stock markets rallied. The institutional investor held 21,602 shares of the television services company at the end of 2017Q2, valued at $841,000, up from 11,546 at the end of the previous reported quarter. The disclosure for this sale can be found here. Blue Edge Capital Llc acquired 80 shares as Comcast Corp New Cl A (CMCSA)'s stock rose 3.16%. Oppenheimer maintained Comcast Corporation (NASDAQ:CMCSA) on Thursday, July 27 with "Buy" rating. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of global trademark and copyright laws. Comgest Invsts Sas invested 3.25% in Comcast Corporation (NASDAQ:CMCSA).

A number of brokerages recently weighed in on CMCSA. (The) reiterated a "buy" rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. On Friday, October 21 the stock rating was upgraded by UBS to "Buy". Cara Therapeutics had 20 analyst reports since July 27, 2015 according to SRatingsIntel. Barometer Capital Management reported 1.19% in Comcast Corporation (NASDAQ:CMCSA). The rating was maintained by Pivotal Research with "Buy" on Monday, June 26. Moffett Nathanson downgraded Comcast Corporation from a "buy" rating to a "neutral" rating and set a $45.00 price objective on the a report on Tuesday, June 20th.

Among 9 analysts covering Cara Therapeutics (NASDAQ:CARA), 8 have Buy rating, 0 Sell and 1 Hold. Comcast Corporation now has an average rating of "Buy" and a consensus price target of $45.83. After having $0.52 EPS previously, Comcast Corporation's analysts see -5.77% EPS growth. About 50,607 shares traded. The company has market cap of $915.52 million. The stock touched 52-week High of $42.18 on 06/05/17 and 52-week Low of $30.02 on 11/04/16. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. Comcast Corporation had a net profit margin of 11.45% and a ROE of 16.80%. The firm had revenue of $21.17 billion during the quarter, compared to analysts' expectations of $20.85 billion. During the same period in the previous year, the firm posted $0.83 EPS. The industry's and sector's high P/E for the past year is 141.68 and 34.91 respectively and low P/E ratio for the last 5 years is 5.42 for the industry and 9.93 for the Sector. Lloyds Public Ltd Liability has invested 2.11% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Shareholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.65%.

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Comcast Corporation is a press and technology company.

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