Comcast Corporation (NASDAQ:CMCSA) saw a significant increase in short interest in July. As of July 14th, there was short interest totalling 59,436,654 shares, an increase of 15.0% from the June 30th total of 51,700,438 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily volume of 16,216,455 shares, the days-to-cover ratio is presently 3.7 days.

In other news, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth J. Bacon sold 7,500 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the sale, the director now owns 26,812 shares in the company, valued at $1,085,886. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Comcast Corporation by 2.8% in the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after buying an additional 8,677,771 shares during the last quarter. State Street Corp increased its position in shares of Comcast Corporation by 97.6% in the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after buying an additional 98,570,377 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Comcast Corporation by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after buying an additional 48,147,456 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after buying an additional 29,199,805 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Comcast Corporation by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock valued at $2,218,587,000 after buying an additional 680,012 shares during the last quarter. 82.87% of the stock is currently owned by institutional investors.

Shares of Comcast Corporation (CMCSA) traded up 0.62% during mid-day trading on Friday, hitting $40.52. The company had a trading volume of 19,547,097 shares. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The firm’s 50 day moving average is $39.71 and its 200-day moving average is $38.91. The firm has a market cap of $190.99 billion, a PE ratio of 20.41 and a beta of 1.01.

Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating 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 return on equity of 16.80% and a net margin of 11.45%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 earnings per share. On average, equities analysts expect that Comcast Corporation will post $2.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.

Several equities analysts recently commented on the company. Macquarie reiterated a “buy” rating and issued a $45.00 target price on shares of Comcast Corporation in a research note on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and issued a $47.00 target price (up from $43.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Instinet reiterated a “buy” rating and issued a $43.00 target price (down from $46.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Deutsche Bank AG reiterated a “buy” rating and issued a $47.00 target price (up from $44.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Finally, Wunderlich upped their target price on Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Comcast Corporation currently has a consensus rating of “Buy” and an average target price of $45.69.

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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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