Short Interest in Comcast Co. (CMCSA) Increases By 2.0%
Comcast Co. (NASDAQ:CMCSA) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 65,823,225 shares, an increase of 2.0% from the January 15th total of 64,541,259 shares. Based on an average daily volume of 27,615,886 shares, the short-interest ratio is presently 2.4 days. Currently, 1.5% of the shares of the company are sold short.
Shares of CMCSA stock traded down $0.60 during mid-day trading on Monday, reaching $37.00. 14,171,316 shares of the company’s stock traded hands, compared to its average volume of 22,949,762. Comcast has a 12 month low of $30.43 and a 12 month high of $40.42. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $174.63 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.12 and a beta of 1.03.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $27.85 billion during the quarter, compared to the consensus estimate of $27.56 billion. Comcast had a net margin of 12.41% and a return on equity of 16.49%. Comcast’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. Equities research analysts expect that Comcast will post 2.75 EPS for the current year.
Several analysts have commented on CMCSA shares. Macquarie restated a “hold” rating and issued a $39.00 price objective on shares of Comcast in a report on Monday, December 24th. Credit Suisse Group upgraded shares of Comcast from a “neutral” rating to an “outperform” rating in a report on Friday, October 26th. Scotiabank set a $48.00 price objective on shares of Comcast and gave the stock a “buy” rating in a report on Wednesday, October 31st. Morgan Stanley began coverage on shares of Comcast in a report on Thursday, November 8th. They issued an “overweight” rating and a $46.00 price objective for the company. Finally, Evercore ISI began coverage on shares of Comcast in a report on Thursday, October 18th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Comcast has a consensus rating of “Buy” and a consensus target price of $43.76.
In other news, Director Kenneth J. Bacon sold 7,636 shares of the firm’s stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $37.04, for a total transaction of $282,837.44. Following the transaction, the director now directly owns 33,603 shares of the company’s stock, valued at $1,244,655.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur R. Block sold 4,129 shares of the firm’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $33.80, for a total value of $139,560.20. Following the transaction, the executive vice president now directly owns 67,912 shares in the company, valued at $2,295,425.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 294,099 shares of company stock valued at $10,866,899. 1.31% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Acima Private Wealth LLC bought a new position in Comcast during the 4th quarter valued at about $25,000. Litman Gregory Asset Management LLC bought a new position in Comcast in the 4th quarter worth about $30,000. Ironwood Financial llc bought a new position in Comcast in the 4th quarter worth about $32,000. IMS Capital Management bought a new position in Comcast in the 3rd quarter worth about $38,000. Finally, Ipswich Investment Management Co. Inc. bought a new position in shares of Comcast during the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 80.66% of the company’s stock.
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Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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