Short Interest in Comcast Corporation (CMCSA) Declines By 12.2%
Comcast Corporation (NASDAQ:CMCSA) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totalling 58,449,734 shares, a decrease of 12.2% from the August 31st total of 66,561,121 shares. Based on an average daily trading volume, of 34,110,390 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.3% of the company’s shares are short sold.
Several equities research analysts have recently commented on CMCSA shares. ValuEngine cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Morgan Stanley restated an “overweight” rating and issued a $44.00 price objective (up from $43.00) on shares of Comcast Corporation in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Comcast Corporation in a report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Comcast Corporation in a research note on Friday, July 7th. Finally, Moffett Nathanson raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, September 12th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.83.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the sale, the senior vice president now directly owns 725 shares of the company’s stock, valued at approximately $28,717.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the sale, the director now directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,982 shares of company stock worth $385,050. Company insiders own 1.28% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Patriot Financial Group Insurance Agency LLC grew its stake in shares of 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 buying an additional 1,340 shares during the period. Zions Bancorporation increased its position 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 buying an additional 410 shares in the last quarter. Clear Perspective Advisors LLC increased its position 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 buying an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC bought a new stake in Comcast Corporation in the 2nd quarter valued at about $107,000. Finally, First Bank & Trust increased its position 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 buying an additional 1,302 shares in the last quarter. 81.93% of the stock is owned by hedge funds and other institutional investors.
Comcast Corporation (CMCSA) opened at 38.48 on Monday. The company has a 50-day moving average of $39.84 and a 200-day moving average of $39.19. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The firm has a market capitalization of $181.37 billion, a price-to-earnings ratio of 19.39 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. During the same quarter in the previous year, the business posted $0.83 EPS. Comcast Corporation’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.
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.
Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.