Traders Sell Comcast Corp. (CMCSA) on Strength (CMCSA)
Traders sold shares of Comcast Corp. (NASDAQ:CMCSA) on strength during trading on Tuesday. $54.45 million flowed into the stock on the tick-up and $71.36 million flowed out of the stock on the tick-down, for a money net flow of $16.91 million out of the stock. Of all companies tracked, Comcast Corp. had the 25th highest net out-flow for the day. Comcast Corp. traded up $0.23 for the day and closed at $67.09
Several analysts have recently commented on the company. Barclays PLC reissued an “overweight” rating and issued a $69.00 price target (up from $65.00) on shares of Comcast Corp. in a report on Sunday, July 10th. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $70.00 price target on shares of Comcast Corp. in a report on Monday, July 11th. Wells Fargo & Co. reissued a “buy” rating on shares of Comcast Corp. in a report on Monday. Pivotal Research raised their price target on Comcast Corp. from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, July 7th. Finally, Credit Suisse Group AG reissued an “outperform” rating and issued a $63.00 price target on shares of Comcast Corp. in a report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $69.94.
The company has a 50-day moving average price of $64.22 and a 200 day moving average price of $60.39. The company has a market cap of $162.84 billion and a P/E ratio of 20.34.
Comcast Corp. (NASDAQ:CMCSA) last announced its earnings results on Wednesday, April 27th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.05. During the same period last year, the firm earned $0.79 earnings per share. The firm had revenue of $17.85 billion for the quarter, compared to analyst estimates of $18.68 billion. Comcast Corp.’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts expect that Comcast Corp. will post $3.54 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 6th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, July 1st.
In other news, Director Judith Rodin sold 635 shares of the company’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $60.75, for a total value of $38,576.25. Following the transaction, the director now directly owns 14,947 shares of the company’s stock, valued at $908,030.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Arthur R. Block sold 1,002 shares of the company’s stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $61.25, for a total transaction of $61,372.50. Following the completion of the transaction, the executive vice president now directly owns 46,374 shares in the company, valued at $2,840,407.50. The disclosure for this sale can be found here.
Several institutional investors recently bought and sold shares of the company. KBC Group NV increased its position in Comcast Corp. by 25.9% in the fourth quarter. KBC Group NV now owns 1,058,053 shares of the cable giant’s stock worth $59,706,000 after buying an additional 217,361 shares during the period. State of Tennessee Treasury Department increased its position in Comcast Corp. by 3.2% in the fourth quarter. State of Tennessee Treasury Department now owns 1,709,816 shares of the cable giant’s stock valued at $96,485,000 after buying an additional 53,520 shares during the last quarter. Employees Retirement System of Texas increased its position in Comcast Corp. by 1.1% in the fourth quarter. Employees Retirement System of Texas now owns 743,400 shares of the cable giant’s stock valued at $41,950,000 after buying an additional 8,000 shares during the last quarter. TrimTabs Asset Management LLC acquired a new position in Comcast Corp. during the fourth quarter valued at approximately $2,175,000. Finally, Foresters Investment Management Company Inc. acquired a new position in Comcast Corp. during the fourth quarter valued at approximately $6,227,000.
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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