Comcast Corporation (CMCSA) Short Interest Update
Comcast Corporation (NASDAQ:CMCSA) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 66,561,121 shares, an increase of 46.7% from the August 15th total of 45,374,628 shares. Based on an average trading volume of 13,168,524 shares, the short-interest ratio is currently 5.1 days. Approximately 1.4% of the company’s stock are sold short.
CMCSA has been the subject of a number of research reports. ValuEngine upgraded shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. TD Securities initiated coverage on shares of Comcast Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $51.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 target price on shares of Comcast Corporation in a research note on Sunday, July 9th. Jefferies Group LLC reiterated a “buy” rating and set a $47.00 target price on shares of Comcast Corporation in a research note on Friday, July 7th. Finally, Instinet reiterated a “buy” rating and set a $46.00 target price on shares of Comcast Corporation in a research note on Wednesday, June 28th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $45.83.
Comcast Corporation (NASDAQ CMCSA) opened at 36.93 on Friday. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The company has a 50-day moving average of $40.00 and a 200 day moving average of $39.17. The company has a market cap of $174.06 billion, a P/E ratio of 18.60 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. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current year.
The company 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 $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.71%. Comcast Corporation’s payout ratio is 31.74%.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.28% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd increased its holdings in Comcast Corporation by 573.3% in the first quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock valued at $14,563,000 after buying an additional 186,920 shares in the last quarter. Boston Partners increased its holdings in Comcast Corporation by 140.7% in the first quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock valued at $626,233,000 after buying an additional 9,739,468 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in Comcast Corporation by 100.9% in the first quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock valued at $33,802,000 after buying an additional 451,551 shares in the last quarter. Haverford Trust Co. increased its holdings in Comcast Corporation by 117.5% in the first quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock valued at $124,114,000 after buying an additional 1,783,436 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in Comcast Corporation by 77.1% in the first quarter. First Citizens Bank & Trust Co. now owns 170,680 shares of the cable giant’s stock valued at $6,416,000 after buying an additional 74,290 shares in the last quarter. 82.02% of the stock is owned by institutional investors.
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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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