Investors Sell Shares of Comcast Corp. (CMCSA) on Strength (CMCSA)
Investors sold shares of Comcast Corp. (NASDAQ:CMCSA) on strength during trading on Thursday. $43.88 million flowed into the stock on the tick-up and $89.58 million flowed out of the stock on the tick-down, for a money net flow of $45.70 million out of the stock. Of all equities tracked, Comcast Corp. had the 6th highest net out-flow for the day. Comcast Corp. traded up $0.34 for the day and closed at $67.18
A number of equities analysts have recently commented on CMCSA shares. Pacific Crest reiterated a “buy” rating on shares of Comcast Corp. in a report on Sunday, May 22nd. Credit Suisse Group AG reiterated an “outperform” rating and set a $63.00 price target on shares of Comcast Corp. in a report on Wednesday, June 1st. RBC Capital Markets reiterated an “outperform” rating and set a $72.00 price target (up previously from $70.00) on shares of Comcast Corp. in a report on Thursday, July 28th. Jefferies Group reiterated a “buy” rating on shares of Comcast Corp. in a report on Thursday, April 28th. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $70.00 price target on shares of Comcast Corp. in a report on Monday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $71.11.
The company has a 50-day moving average of $65.66 and a 200-day moving average of $61.39. The stock has a market cap of $162.03 billion and a PE ratio of 20.43.
Comcast Corp. (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.02. During the same quarter in the previous year, the business posted $0.84 earnings per share. The business earned $18.74 billion during the quarter, compared to the consensus estimate of $19.11 billion. The firm’s revenue was up 2.8% on a year-over-year basis. Equities analysts forecast that Comcast Corp. will post $3.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be paid a $0.275 dividend. The ex-dividend date is Monday, October 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.64%.
In related news, EVP Stephen B. Burke sold 75,000 shares of the firm’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $62.05, for a total transaction of $4,653,750.00. Following the completion of the transaction, the executive vice president now directly owns 510,737 shares of the company’s stock, valued at $31,691,230.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth J. Bacon sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $62.82, for a total transaction of $157,050.00. Following the transaction, the director now directly owns 14,100 shares of the company’s stock, valued at $885,762. The disclosure for this sale can be found here.
Other institutional investors recently bought and sold shares of the company. Howland Capital Management LLC boosted 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 valued at $1,031,000 after buying an additional 7,117 shares during the last quarter. Northeast Financial Consultants Inc bought a new position in Comcast Corp. during the fourth quarter valued at $1,047,000. Homrich & Berg boosted 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 valued at $1,065,000 after buying an additional 9,715 shares during the last quarter. Whalerock Point Partners LLC boosted its position in Comcast Corp. by 6.4% in the fourth quarter. Whalerock Point Partners LLC now owns 18,981 shares of the cable giant’s stock valued at $1,071,000 after buying an additional 1,150 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its position in Comcast Corp. by 22.1% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 19,065 shares of the cable giant’s stock valued at $1,075,000 after buying an additional 3,455 shares during 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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