Comcast Corp. (CMCSA) EVP David L. Cohen Sells 19,444 Shares of Stock
Comcast Corp. (NASDAQ:CMCSA) EVP David L. Cohen sold 19,444 shares of the firm’s stock in a transaction on Tuesday, October 11th. The stock was sold at an average price of $65.50, for a total value of $1,273,582.00. Following the completion of the transaction, the executive vice president now directly owns 257,120 shares of the company’s stock, valued at $16,841,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Comcast Corp. (NASDAQ:CMCSA) opened at 65.20 on Monday. The stock’s 50 day moving average price is $65.88 and its 200 day moving average price is $64.34. Comcast Corp. has a 12-month low of $52.34 and a 12-month high of $68.36. The company has a market cap of $157.25 billion, a PE ratio of 19.82 and a beta of 1.05.
Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, July 27th. The cable giant reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. Comcast Corp. had a return on equity of 15.04% and a net margin of 10.70%. The business earned $18.74 billion during the quarter, compared to the consensus estimate of $19.11 billion. During the same period in the prior year, the company earned $0.84 EPS. Comcast Corp.’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts anticipate that Comcast Corp. will post $3.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be given a dividend of $0.275 per share. The ex-dividend date is Monday, October 3rd. This represents a $1.10 annualized dividend and a dividend yield of 1.69%. Comcast Corp.’s dividend payout ratio is currently 33.43%.
CMCSA has been the subject of several research reports. Nomura raised their target price on Comcast Corp. from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday, June 27th. Robert W. Baird reaffirmed an “outperform” rating and issued a $67.00 target price on shares of Comcast Corp. in a research report on Tuesday, June 28th. Pivotal Research lifted their price objective on Comcast Corp. from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, July 7th. Barclays PLC reissued an “overweight” rating and set a $69.00 price objective (up from $65.00) on shares of Comcast Corp. in a report on Sunday, July 10th. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating and set a $70.00 price objective on shares of Comcast Corp. in a report on Monday, July 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $72.00.
Several hedge funds have recently made changes to their positions in the company. BlackRock Group LTD increased its position in Comcast Corp. by 0.9% in the first quarter. BlackRock Group LTD now owns 23,038,443 shares of the cable giant’s stock valued at $1,407,188,000 after buying an additional 201,627 shares in the last quarter. Clarius Group LLC increased its position in Comcast Corp. by 4.2% in the first quarter. Clarius Group LLC now owns 3,901 shares of the cable giant’s stock valued at $238,000 after buying an additional 158 shares in the last quarter. Sentry Investment Management LLC increased its position in Comcast Corp. by 0.6% in the first quarter. Sentry Investment Management LLC now owns 191,906 shares of the cable giant’s stock valued at $11,722,000 after buying an additional 1,101 shares in the last quarter. Peapack Gladstone Financial Corp increased its position in Comcast Corp. by 17.9% in the first quarter. Peapack Gladstone Financial Corp now owns 21,979 shares of the cable giant’s stock valued at $1,342,000 after buying an additional 3,342 shares in the last quarter. Finally, Columbia Partners L L C Investment Management purchased a new position in Comcast Corp. during the first quarter valued at approximately $2,085,000. Institutional investors and hedge funds own 82.22% of the company’s stock.
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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