Traders Sell Comcast Corporation (CMCSA) on Strength (CMCSA)
Traders sold shares of Comcast Corporation (NASDAQ:CMCSA) on strength during trading on Friday. $73.50 million flowed into the stock on the tick-up and $97.15 million flowed out of the stock on the tick-down, for a money net flow of $23.65 million out of the stock. Of all companies tracked, Comcast Corporation had the 0th highest net out-flow for the day. Comcast Corporation traded up $0.29 for the day and closed at $36.85
A number of brokerages recently weighed in on CMCSA. ValuEngine lowered shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird restated a “buy” rating and issued a $43.00 price objective on shares of Comcast Corporation in a report on Friday, September 1st. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $42.00 to $46.00 in a research note on Thursday, August 3rd. Finally, Argus boosted their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $45.84.
The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $172,228.45, a PE ratio of 18.29, a PEG ratio of 1.91 and a beta of 1.00.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The company had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same period in the prior year, the company posted $0.92 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. equities analysts forecast that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio (DPR) is currently 30.36%.
In other news, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the transaction, the director now directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction 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 disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake 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 valued at $2,117,212,000 after purchasing an additional 28,597,277 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Comcast Corporation by 88.2% in the first quarter. Suntrust Banks Inc. now owns 1,768,244 shares of the cable giant’s stock valued at $66,467,000 after acquiring an additional 828,649 shares in the last quarter. Cue Financial Group Inc. boosted its stake in Comcast Corporation by 100.0% in the first quarter. Cue Financial Group Inc. now owns 9,349 shares of the cable giant’s stock valued at $351,000 after acquiring an additional 4,675 shares in the last quarter. Tradewinds Capital Management LLC boosted its stake in Comcast Corporation by 89.0% in the first quarter. Tradewinds Capital Management LLC now owns 12,450 shares of the cable giant’s stock valued at $468,000 after acquiring an additional 5,861 shares in the last quarter. Finally, Novare Capital Management LLC boosted its stake in Comcast Corporation by 89.5% in the first quarter. Novare Capital Management LLC now owns 205,614 shares of the cable giant’s stock valued at $7,729,000 after acquiring an additional 97,092 shares in the last quarter. 81.88% of the stock is currently owned by institutional investors and hedge funds.
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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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