Short Interest in Comcast Corp. (CMCSA) Increases By 6.1%
Comcast Corp. (NASDAQ:CMCSA) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 34,019,569 shares, a growth of 6.1% from the October 14th total of 32,070,960 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average trading volume of 12,423,168 shares, the short-interest ratio is presently 2.7 days.
Several analysts recently weighed in on CMCSA shares. Pivotal Research restated a “buy” rating on shares of Comcast Corp. in a research note on Thursday, July 28th. Barclays PLC restated an “overweight” rating and issued a $70.00 price target on shares of Comcast Corp. in a research note on Thursday, September 22nd. Jefferies Group upped their price target on Comcast Corp. from $72.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Credit Suisse Group AG restated an “outperform” rating and issued a $75.00 price target (up previously from $69.00) on shares of Comcast Corp. in a research note on Monday, August 1st. Finally, Royal Bank Of Canada upped their price target on Comcast Corp. from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $73.15.
Shares of Comcast Corp. (NASDAQ:CMCSA) opened at 66.98 on Wednesday. Comcast Corp. has a 12-month low of $52.34 and a 12-month high of $68.36. The company has a market capitalization of $160.27 billion, a PE ratio of 19.65 and a beta of 1.08. The firm’s 50-day moving average price is $64.40 and its 200-day moving average price is $64.71.
Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, October 26th. The cable giant reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.01. The firm had revenue of $21.32 billion for the quarter, compared to analyst estimates of $21.11 billion. Comcast Corp. had a net margin of 10.65% and a return on equity of 15.22%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. On average, analysts expect that Comcast Corp. will post $3.50 EPS for the current fiscal year.
In related news, EVP David L. Cohen sold 19,886 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $62.21, for a total value of $1,237,108.06. Following the sale, the executive vice president now owns 246,070 shares in the company, valued at approximately $15,308,014.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 1,023 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $65.75, for a total value of $67,262.25. Following the completion of the sale, the executive vice president now owns 47,539 shares in the company, valued at approximately $3,125,689.25. The disclosure for this sale can be found here. 1.27% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in CMCSA. Balentine LLC raised its stake in shares of Comcast Corp. by 68.8% in the third quarter. Balentine LLC now owns 6,218 shares of the cable giant’s stock worth $413,000 after buying an additional 2,534 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Comcast Corp. by 9.3% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 22,437 shares of the cable giant’s stock valued at $1,486,000 after buying an additional 1,913 shares during the last quarter. Verition Fund Management LLC raised its stake in Comcast Corp. by 28.3% in the third quarter. Verition Fund Management LLC now owns 10,262 shares of the cable giant’s stock valued at $681,000 after buying an additional 2,262 shares during the last quarter. Candriam Luxembourg S.C.A. raised its stake in Comcast Corp. by 50.2% in the third quarter. Candriam Luxembourg S.C.A. now owns 195,004 shares of the cable giant’s stock valued at $12,937,000 after buying an additional 65,137 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd acquired a new stake in Comcast Corp. during the third quarter valued at approximately $2,001,000. 82.54% of the stock is currently owned by hedge funds and other institutional investors.
About Comcast Corp.
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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