Traders Sell Shares of Comcast (CMCSA) on Strength (CMCSA)
Investors sold shares of Comcast Corporation (NASDAQ:CMCSA) on strength during trading on Friday. $70.24 million flowed into the stock on the tick-up and $117.62 million flowed out of the stock on the tick-down, for a money net flow of $47.38 million out of the stock. Of all stocks tracked, Comcast had the 0th highest net out-flow for the day. Comcast traded up $0.06 for the day and closed at $37.95
Several equities analysts have weighed in on CMCSA shares. ValuEngine cut Comcast from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and set a $43.00 target price on shares of Comcast in a research note on Friday, September 1st. BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. UBS reaffirmed an “overweight” rating on shares of Comcast in a research note on Thursday, August 24th. Finally, Macquarie reaffirmed a “buy” rating and set a $40.00 target price on shares of Comcast in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $45.72.
The company has a market capitalization of $177,369.61, a PE ratio of 18.83, a PEG ratio of 1.81 and a beta of 1.01. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. sell-side analysts anticipate that Comcast Corporation will post 2.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.65%. Comcast’s payout ratio is currently 30.36%.
In other news, EVP Arthur R. Block sold 4,091 shares of the company’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 $2,626,816.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now owns 24,580 shares of the company’s stock, valued at $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CMCSA. Connecticut Wealth Management LLC grew its holdings in shares of Comcast by 0.4% during the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after purchasing an additional 24 shares during the last quarter. Financial Consulate Inc. grew its holdings in shares of Comcast by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after purchasing an additional 30 shares during the last quarter. Clarius Group LLC grew its holdings in shares of Comcast by 0.4% during the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after purchasing an additional 32 shares during the last quarter. GM Advisory Group Inc. grew its holdings in shares of Comcast by 0.9% during the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after purchasing an additional 48 shares during the last quarter. Finally, Peoples Bank OH grew its holdings in shares of Comcast by 0.9% during the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 82.50% of the company’s stock.
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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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