Comcast Sees Unusually High Options Volume (CMCSA)
Comcast Co. (NASDAQ:CMCSA) was the target of some unusual options trading on Tuesday. Stock investors purchased 113,974 put options on the stock. This is an increase of approximately 1,020% compared to the average volume of 10,172 put options.
A number of research firms recently commented on CMCSA. Pivotal Research reiterated a “buy” rating and issued a $52.00 price objective on shares of Comcast in a report on Wednesday, January 24th. Bank of America upped their price objective on Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, January 25th. TD Securities upped their price objective on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Wells Fargo & Co upped their price objective on Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Barclays set a $43.00 price objective on Comcast and gave the company a “buy” rating in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $50.39.
Comcast (NASDAQ:CMCSA) opened at $36.43 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $171,660.97, a PE ratio of 17.94, a P/E/G ratio of 1.34 and a beta of 1.16. Comcast has a fifty-two week low of $34.78 and a fifty-two week high of $44.00.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.09%. Comcast’s dividend payout ratio (DPR) is presently 13.21%.
In related news, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction dated 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 sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold 915,605 shares of company stock worth $35,906,374 in the last ninety days. 1.28% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of CMCSA. Janus Henderson Group PLC grew its holdings in shares of Comcast 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 buying an additional 26,522,368 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Comcast during the fourth quarter worth about $650,219,000. Mackenzie Financial Corp boosted its position in Comcast by 7,838.2% during the fourth quarter. Mackenzie Financial Corp now owns 10,694,977 shares of the cable giant’s stock valued at $428,334,000 after purchasing an additional 10,560,249 shares during the last quarter. Vanguard Group Inc. boosted its position in Comcast by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after purchasing an additional 8,677,771 shares during the last quarter. Finally, Capital International Investors boosted its position in Comcast by 23.3% during the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after purchasing an additional 6,467,802 shares during the last quarter. Institutional investors and hedge funds own 83.59% of the company’s stock.
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.
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