Traders Sell Shares of Comcast Corporation (CMCSA) on Strength (CMCSA)
Investors sold shares of Comcast Corporation (NASDAQ:CMCSA) on strength during trading hours on Tuesday. $86.21 million flowed into the stock on the tick-up and $171.01 million flowed out of the stock on the tick-down, for a money net flow of $84.80 million out of the stock. Of all companies tracked, Comcast Corporation had the 6th highest net out-flow for the day. Comcast Corporation traded up $0.49 for the day and closed at $38.30
Several brokerages recently commented on CMCSA. Moffett Nathanson lowered shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research note on Tuesday, June 20th. BidaskClub downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Pivotal Research restated a “buy” rating and issued a $48.00 price objective on shares of Comcast Corporation in a research note on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, Instinet reaffirmed a “buy” rating and set a $46.00 price objective on shares of Comcast Corporation in a report on Wednesday, June 28th. Three research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $45.83.
The firm has a market cap of $180.52 billion, a PE ratio of 19.29 and a beta of 0.98. The company’s 50 day moving average price is $39.27 and its 200 day moving average price is $39.22.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. Comcast Corporation’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. Equities analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
In related news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction that occurred on 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 owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. Insiders have sold 9,982 shares of company stock worth $385,050 in the last quarter. Company insiders own 1.28% of the company’s stock.
Large investors have recently modified their holdings of the stock. Connecticut Wealth Management LLC raised its holdings in Comcast Corporation by 0.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after buying an additional 24 shares during the period. Financial Consulate Inc. lifted its stake in Comcast Corporation by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after buying an additional 30 shares in the last quarter. Clarius Group LLC boosted its holdings in shares of Comcast Corporation by 0.4% in the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after buying an additional 32 shares during the period. GM Advisory Group Inc. boosted its holdings in shares of Comcast Corporation by 0.9% in the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after buying an additional 48 shares during the period. Finally, Peoples Bank OH boosted its holdings in shares of Comcast Corporation by 0.9% in the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after buying an additional 59 shares during the period. Hedge funds and other institutional investors own 81.93% 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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