Traders Sell Comcast Corporation (CMCSA) on Strength (CMCSA)
Traders sold shares of Comcast Corporation (NASDAQ:CMCSA) on strength during trading on Tuesday. $86.21 million flowed into the stock on the tick-up and $171.01 million flowed out of the stock on the tick-down, for a money net flow of $84.80 million out of the stock. Of all equities tracked, Comcast Corporation had the 0th highest net out-flow for the day. Comcast Corporation traded up $0.49 for the day and closed at $38.30
A number of equities research analysts recently issued reports on CMCSA shares. Bank of America Corporation raised their price target on Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. Barclays PLC set a $44.00 price target on Comcast Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. ValuEngine raised Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. TD Securities started coverage on Comcast Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $51.00 price target for the company. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $45.00 price target on shares of Comcast Corporation in a research note on Sunday, July 9th. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.83.
The firm has a 50-day moving average of $39.08 and a 200 day moving average of $39.22. The firm has a market cap of $181.89 billion, a PE ratio of 19.44 and a beta of 0.98.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. Comcast Corporation’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 earnings per share. Analysts predict that Comcast Corporation will post $2.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.63%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the 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 transaction, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now directly owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. Insiders sold 9,982 shares of company stock worth $385,050 in the last three months. 1.28% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of CMCSA. State Street Corp grew its holdings in shares of Comcast Corporation by 97.6% during the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after purchasing an additional 98,570,377 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Comcast Corporation by 97.6% during the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after purchasing an additional 48,147,456 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Comcast Corporation by 95.7% during the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after purchasing an additional 29,199,805 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Comcast Corporation by 103.1% during the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock worth $2,117,212,000 after purchasing an additional 28,597,277 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Comcast Corporation by 1,581.1% during the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after purchasing an additional 26,522,368 shares during the last quarter. 81.93% of the stock is currently owned by hedge funds and other institutional investors.
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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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