Comcast (NASDAQ:CMCSA) Sets New 52-Week Low – What’s Next?

Comcast Co. (NASDAQ:CMCSA) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $32.38 and last traded at $32.71, with a volume of 3983427 shares trading hands. The stock had previously closed at $33.38.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research note on Friday, January 31st. Scotiabank lifted their price target on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Loop Capital reduced their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.10.

Comcast Stock Down 1.9 %

The company has a market cap of $124.17 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The stock has a 50-day simple moving average of $35.48 and a 200-day simple moving average of $38.72. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

Hedge Funds Weigh In On Comcast

Several large investors have recently made changes to their positions in the company. Promus Capital LLC bought a new stake in Comcast in the 4th quarter valued at $25,000. Winch Advisory Services LLC lifted its holdings in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast in the 4th quarter valued at about $28,000. Finally, Retirement Wealth Solutions LLC grew its holdings in shares of Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after purchasing an additional 448 shares in the last quarter. Institutional investors and hedge funds 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.