Investors Sell Shares of Comcast Corporation (CMCSA) on Strength (CMCSA)
Investors sold shares of Comcast Corporation (NASDAQ:CMCSA) on strength during trading on Friday. $73.50 million flowed into the stock on the tick-up and $97.15 million flowed out of the stock on the tick-down, for a money net flow of $23.65 million out of the stock. Of all companies tracked, Comcast Corporation had the 30th highest net out-flow for the day. Comcast Corporation traded up $0.29 for the day and closed at $36.85
Several analysts have weighed in on the stock. ValuEngine upgraded shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. TD Securities assumed coverage on shares of Comcast Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $51.00 target price for the company. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $42.00 to $46.00 in a research note on Thursday, August 3rd. Moffett Nathanson upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, September 12th. They noted that the move was a valuation call. Finally, Robert W. Baird reiterated an “outperform” rating on shares of Comcast Corporation in a research note on Wednesday, September 20th. Three research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $45.84.
The stock has a market cap of $169,237.25, a PE ratio of 17.97, a P/E/G ratio of 1.88 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share. equities analysts anticipate that Comcast Corporation will post 2.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.70%. Comcast Corporation’s dividend payout ratio is presently 30.36%.
In related news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the transaction, the executive vice president now owns 68,478 shares in the company, valued at approximately $2,626,816.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in CMCSA. Patriot Financial Group Insurance Agency LLC lifted its holdings in Comcast Corporation by 100.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after acquiring an additional 1,340 shares during the last quarter. Zions Bancorporation lifted its holdings in Comcast Corporation by 16.8% in the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 410 shares during the last quarter. Clear Perspective Advisors LLC lifted its holdings in Comcast Corporation by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new stake in Comcast Corporation in the 2nd quarter valued at about $107,000. Finally, First Bank & Trust lifted its holdings in Comcast Corporation by 84.9% in the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after acquiring an additional 1,302 shares during the last quarter. Hedge funds and other institutional investors own 81.88% of the company’s stock.
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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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