Comcast Corporation (CMCSA) Short Interest Update
Comcast Corporation (NASDAQ:CMCSA) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 58,449,734 shares, a decline of 12.2% from the August 31st total of 66,561,121 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 34,110,390 shares, the days-to-cover ratio is presently 1.7 days.
Several equities analysts have recently commented on the company. Moffett Nathanson downgraded Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Tuesday, June 20th. BidaskClub cut Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Pivotal Research reissued a “buy” rating and set a $48.00 price target on shares of Comcast Corporation in a report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Comcast Corporation in a research note on Wednesday, June 28th. Finally, Instinet restated a “buy” rating and issued a $46.00 price target on shares of Comcast Corporation in a research note on Wednesday, June 28th. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Comcast Corporation currently has an average rating of “Buy” and a consensus price target of $45.83.
In other Comcast Corporation news, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the transaction, the senior vice president now owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,982 shares of company stock worth $385,050. Company insiders own 1.28% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC raised its stake in 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 position in Comcast Corporation by 16.8% during 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 during the last quarter. Clear Perspective Advisors LLC lifted its position in Comcast Corporation by 100.1% during 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 during the last quarter. MPS Loria Financial Planners LLC bought a new stake in Comcast Corporation during the second quarter valued at approximately $107,000. Finally, First Bank & Trust lifted its position in Comcast Corporation by 84.9% during 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 during the last quarter. 81.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Comcast Corporation (CMCSA) opened at 38.30 on Wednesday. The firm has a market capitalization of $180.52 billion, a price-to-earnings ratio of 19.29 and a beta of 0.98. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The company has a 50-day moving average price of $39.17 and a 200 day moving average price of $39.23.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. During the same quarter last year, the company earned $0.83 earnings per share. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities research analysts predict that Comcast Corporation will post $2.04 EPS for the current year.
The firm also recently announced 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 is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.64%. Comcast Corporation’s dividend payout ratio is currently 31.74%.
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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