Traders Sell Comcast Corporation (CMCSA) on Strength (CMCSA)
Traders sold shares of Comcast Corporation (NASDAQ:CMCSA) on strength during trading on Thursday. $100.01 million flowed into the stock on the tick-up and $156.57 million flowed out of the stock on the tick-down, for a money net flow of $56.56 million out of the stock. Of all equities tracked, Comcast Corporation had the 14th highest net out-flow for the day. Comcast Corporation traded up $0.70 for the day and closed at $36.90
A number of equities research analysts have commented on the company. KeyCorp reissued a “neutral” rating on shares of Comcast Corporation in a report on Sunday, September 17th. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Argus lifted their target price on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Barclays PLC set a $44.00 target price on Comcast Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 target price on shares of Comcast Corporation in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.83.
The stock has a market cap of $173.92 billion, a PE ratio of 18.59 and a beta of 0.98. The stock’s 50-day moving average is $38.08 and its 200-day moving average is $39.21.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. During the same period last year, the business earned $0.83 EPS. Comcast Corporation’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, analysts predict that Comcast Corporation will post $2.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.71%. Comcast Corporation’s dividend payout ratio is presently 31.74%.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the transaction, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,982 shares of company stock worth $385,050. 1.28% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in CMCSA. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after purchasing an additional 1,340 shares in the last quarter. Zions Bancorporation lifted its holdings in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares in the last quarter. Clear Perspective Advisors LLC lifted its holdings in shares of Comcast Corporation by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new stake in shares of Comcast Corporation in the second quarter valued at about $107,000. Finally, First Bank & Trust lifted its holdings in shares of Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares in the last quarter. 81.84% of the stock is currently owned by institutional investors.
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Comcast Corporation 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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