Traders Buy Comcast (CMCSA) on Weakness
Traders bought shares of Comcast Corporation (NASDAQ:CMCSA) on weakness during trading on Monday. $175.92 million flowed into the stock on the tick-up and $87.43 million flowed out of the stock on the tick-down, for a money net flow of $88.49 million into the stock. Of all companies tracked, Comcast had the 5th highest net in-flow for the day. Comcast traded down ($0.16) for the day and closed at $42.44
Several research firms recently weighed in on CMCSA. Moffett Nathanson restated a “buy” rating on shares of Comcast in a research report on Monday, October 16th. OTR Global lowered Comcast to a “positive” rating in a research report on Monday, October 30th. Evercore ISI reissued an “outperform” rating and issued a $48.00 target price (up from $44.00) on shares of Comcast in a report on Tuesday, January 9th. Buckingham Research initiated coverage on Comcast in a report on Monday, November 20th. They issued a “buy” rating and a $48.00 target price on the stock. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $49.00 target price on shares of Comcast in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the company. Comcast presently has an average rating of “Buy” and an average price target of $46.15.
The stock has a market capitalization of $198,350.00, a price-to-earnings ratio of 20.02, a PEG ratio of 1.87 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. research analysts forecast that Comcast Corporation will post 2.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s payout ratio is currently 29.72%.
In other news, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the transaction, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 593,402 shares of company stock worth $22,961,401. Corporate insiders own 1.28% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. BKD Wealth Advisors LLC increased its position in Comcast by 12.9% in the second quarter. BKD Wealth Advisors LLC now owns 25,686 shares of the cable giant’s stock worth $1,000,000 after buying an additional 2,929 shares in the last quarter. Capital One National Association increased its position in Comcast by 7.2% in the second quarter. Capital One National Association now owns 64,563 shares of the cable giant’s stock worth $2,513,000 after buying an additional 4,335 shares in the last quarter. First Hawaiian Bank purchased a new stake in Comcast in the second quarter worth about $243,000. Charter Trust Co. increased its position in Comcast by 43.4% in the second quarter. Charter Trust Co. now owns 54,374 shares of the cable giant’s stock worth $2,116,000 after buying an additional 16,461 shares in the last quarter. Finally, Perkins Coie Trust Co increased its position in Comcast by 1.2% in the second quarter. Perkins Coie Trust Co now owns 69,418 shares of the cable giant’s stock worth $2,701,000 after buying an additional 807 shares in the last quarter. Institutional investors own 82.20% of the company’s stock.
Comcast Company Profile
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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