Investors purchased shares of Comcast Co. (NASDAQ:CMCSA) on weakness during trading on Thursday. $242.79 million flowed into the stock on the tick-up and $133.06 million flowed out of the stock on the tick-down, for a money net flow of $109.73 million into the stock. Of all stocks tracked, Comcast had the 11th highest net in-flow for the day. Comcast traded down ($1.96) for the day and closed at $38.19

Several equities analysts have recently weighed in on CMCSA shares. Barclays decreased their price target on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. TD Securities raised their price target on shares of Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Nomura reissued a “neutral” rating and issued a $42.00 price target (down from $45.00) on shares of Comcast in a research note on Thursday, January 18th. Buckingham Research lifted their target price on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. Finally, BidaskClub raised shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $47.74.

The stock has a market capitalization of $178,490.00, a P/E ratio of 7.99, a PEG ratio of 1.52 and a beta of 1.04. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $21.92 billion for the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. research analysts expect that Comcast Co. will post 2.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.99%. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s payout ratio is 13.18%.

In related news, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the transaction, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen B. Burke sold 190,756 shares of Comcast stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the transaction, the executive vice president now owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. The disclosure for this sale can be found here. Insiders sold a total of 784,158 shares of company stock worth $31,070,439 over the last three months. Insiders own 1.28% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC grew its holdings in Comcast by 1,581.1% during the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after acquiring an additional 26,522,368 shares in the last quarter. Vanguard Group Inc. grew its holdings in Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after acquiring an additional 8,677,771 shares in the last quarter. Capital International Investors grew its holdings in Comcast by 23.3% during the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after acquiring an additional 6,467,802 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in Comcast by 38.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock worth $716,803,000 after acquiring an additional 5,108,525 shares in the last quarter. Finally, Rockefeller Financial Services Inc. grew its holdings in Comcast by 4,476.3% during the 4th quarter. Rockefeller Financial Services Inc. now owns 5,151,384 shares of the cable giant’s stock worth $206,314,000 after acquiring an additional 5,038,817 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Investors Buy Comcast (CMCSA) on Weakness” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2018/02/08/investors-buy-comcast-cmcsa-on-weakness.html.

Comcast 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.

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.