Insider Selling: Comcast Corporation (CMCSA) EVP Sells $156,930.76 in Stock
Comcast Corporation (NASDAQ:CMCSA) EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares in the company, valued at approximately $2,626,816.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Comcast Corporation (NASDAQ CMCSA) opened at 38.48 on Monday. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The stock has a market cap of $181.37 billion, a price-to-earnings ratio of 19.39 and a beta of 0.98. The stock’s 50 day moving average price is $39.84 and its 200-day moving average price is $39.19.
Comcast Corporation (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. During the same period in the prior year, the company posted $0.83 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Equities analysts expect that Comcast Corporation will post $2.04 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.64%. Comcast Corporation’s dividend payout ratio is currently 31.74%.
A number of large investors have recently bought and sold shares of the business. MPS Loria Financial Planners LLC acquired a new position in Comcast Corporation during the second quarter worth $107,000. Griffin Asset Management Inc. purchased a new position in Comcast Corporation during the second quarter valued at $599,000. Achmea Investment Management B.V. lifted its holdings in Comcast Corporation by 25.8% during the second quarter. Achmea Investment Management B.V. now owns 357,071 shares of the cable giant’s stock valued at $13,893,000 after purchasing an additional 73,119 shares in the last quarter. RNC Capital Management LLC lifted its holdings in Comcast Corporation by 9.4% during the second quarter. RNC Capital Management LLC now owns 8,158 shares of the cable giant’s stock valued at $318,000 after purchasing an additional 704 shares in the last quarter. Finally, Sentry Investment Management LLC grew its position in shares of Comcast Corporation by 1.1% in the second quarter. Sentry Investment Management LLC now owns 380,573 shares of the cable giant’s stock valued at $14,812,000 after purchasing an additional 4,034 shares during the period. Institutional investors own 81.93% of the company’s stock.
A number of brokerages have commented on CMCSA. Bank of America Corporation upped their target price on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, June 30th. Barclays PLC set a $44.00 price target on shares of Comcast Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. ValuEngine upgraded shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. TD Securities started coverage on shares of Comcast Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $51.00 price objective for the company. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a research report on Sunday, July 9th. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $45.83.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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