Comcast Corp. (NASDAQ:CMCSA) EVP Arthur R. Block sold 1,023 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $65.75, for a total value of $67,262.25. Following the completion of the transaction, the executive vice president now owns 47,539 shares in the company, valued at $3,125,689.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Comcast Corp. (NASDAQ:CMCSA) opened at 65.85 on Tuesday. Comcast Corp. has a one year low of $52.34 and a one year high of $68.36. The company has a market cap of $158.82 billion, a PE ratio of 20.02 and a beta of 1.00. The stock’s 50 day moving average price is $66.39 and its 200-day moving average price is $63.54.

Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. The business had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $19.11 billion. During the same quarter last year, the firm earned $0.84 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts expect that Comcast Corp. will post $3.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be given a $0.275 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.10 annualized dividend and a yield of 1.67%. Comcast Corp.’s payout ratio is 33.43%.

A number of institutional investors have recently made changes to their positions in CMCSA. Tortoise Investment Management LLC boosted its position in shares of Comcast Corp. by 0.6% in the second quarter. Tortoise Investment Management LLC now owns 2,244 shares of the cable giant’s stock valued at $146,000 after buying an additional 13 shares during the last quarter. Bangor Savings Bank boosted its position in shares of Comcast Corp. by 0.7% in the second quarter. Bangor Savings Bank now owns 5,118 shares of the cable giant’s stock valued at $333,000 after buying an additional 34 shares during the last quarter. Palisade Capital Management LLC NJ boosted its position in shares of Comcast Corp. by 0.9% in the first quarter. Palisade Capital Management LLC NJ now owns 4,031 shares of the cable giant’s stock valued at $246,000 after buying an additional 37 shares during the last quarter. SSI Investment Management Inc. boosted its position in shares of Comcast Corp. by 1.2% in the second quarter. SSI Investment Management Inc. now owns 4,888 shares of the cable giant’s stock valued at $318,000 after buying an additional 59 shares during the last quarter. Finally, Cypress Wealth Advisors LLC boosted its position in shares of Comcast Corp. by 1.0% in the second quarter. Cypress Wealth Advisors LLC now owns 6,676 shares of the cable giant’s stock valued at $435,000 after buying an additional 63 shares during the last quarter. 82.42% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on the company. RBC Capital Markets reiterated an “outperform” rating and set a $72.00 target price (up from $70.00) on shares of Comcast Corp. in a report on Thursday, July 28th. Nomura reiterated a “buy” rating on shares of Comcast Corp. in a report on Monday, June 27th. Pivotal Research lifted their target price on Comcast Corp. from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, July 7th. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $70.00 target price on shares of Comcast Corp. in a report on Monday, July 11th. Finally, Royal Bank Of Canada lifted their target price on Comcast Corp. from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Comcast Corp. presently has a consensus rating of “Buy” and an average price target of $71.83.

Comcast Corp. Company Profile

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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