Traders Sell Comcast Corp. (CMCSA) on Strength (CMCSA)
Investors sold shares of Comcast Corp. (NASDAQ:CMCSA) on strength during trading hours on Wednesday. $45.50 million flowed into the stock on the tick-up and $70.87 million flowed out of the stock on the tick-down, for a money net flow of $25.37 million out of the stock. Of all stocks tracked, Comcast Corp. had the 0th highest net out-flow for the day. Comcast Corp. traded up $0.03 for the day and closed at $67.12
CMCSA has been the topic of several research analyst reports. Pacific Crest restated a “buy” rating on shares of Comcast Corp. in a report on Sunday, May 22nd. Goldman Sachs Group Inc. boosted their price objective on shares of Comcast Corp. from $69.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 4th. Nomura Research restated a “buy” rating on shares of Comcast Corp. in a report on Monday, June 27th. Nomura Holdings Inc. boosted their price objective on shares of Comcast Corp. to $70.00 and gave the company a “buy” rating in a report on Thursday, April 7th. Finally, Wunderlich restated a “buy” rating on shares of Comcast Corp. in a report on Thursday, April 28th. One 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 issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.94.
The firm’s 50 day moving average is $64.33 and its 200-day moving average is $60.44. The stock has a market capitalization of $162.91 billion and a price-to-earnings ratio of 20.35.
Comcast Corp. (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, April 27th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.05. The business had revenue of $17.85 billion for the quarter, compared to analysts’ expectations of $18.68 billion. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Comcast Corp.’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts predict that Comcast Corp. will post $3.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th will be given a $0.275 dividend. The ex-dividend date of this dividend is Friday, July 1st. This represents a $1.10 annualized dividend and a dividend yield of 1.64%.
In other news, CEO Brian L. Roberts sold 200,000 shares of Comcast Corp. stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $62.65, for a total value of $12,530,000.00. Following the completion of the transaction, the chief executive officer now owns 725,224 shares in the company, valued at approximately $45,435,283.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Judith Rodin sold 635 shares of Comcast Corp. stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $60.75, for a total value of $38,576.25. Following the completion of the transaction, the director now owns 14,947 shares of the company’s stock, valued at approximately $908,030.25. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently added to or reduced their stakes in CMCSA. Bollard Group LLC bought a new position in Comcast Corp. during the fourth quarter worth about $1,009,000. Howland Capital Management LLC raised its position in Comcast Corp. by 63.8% in the fourth quarter. Howland Capital Management LLC now owns 18,271 shares of the cable giant’s stock worth $1,031,000 after buying an additional 7,117 shares in the last quarter. Northeast Financial Consultants Inc bought a new position in Comcast Corp. during the fourth quarter worth about $1,047,000. Intrust Bank NA raised its position in Comcast Corp. by 6.3% in the fourth quarter. Intrust Bank NA now owns 18,870 shares of the cable giant’s stock worth $1,065,000 after buying an additional 1,124 shares in the last quarter. Finally, Homrich & Berg raised its position in Comcast Corp. by 106.1% in the fourth quarter. Homrich & Berg now owns 18,875 shares of the cable giant’s stock worth $1,065,000 after buying an additional 9,715 shares in the last quarter.
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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