Traders sold shares of Comcast Corporation (NASDAQ:CMCSA) on strength during trading on Friday. $68.38 million flowed into the stock on the tick-up and $135.77 million flowed out of the stock on the tick-down, for a money net flow of $67.39 million out of the stock. Of all stocks tracked, Comcast Corporation had the 13th highest net out-flow for the day. Comcast Corporation traded up $0.25 for the day and closed at $40.52

CMCSA has been the subject of a number of analyst reports. Telsey Advisory Group raised their price objective on Comcast Corporation from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Credit Suisse Group raised their price objective on Comcast Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Barclays PLC set a $44.00 price objective on Comcast Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Instinet restated a “buy” rating and set a $43.00 price objective (down from $46.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Finally, Pivotal Research restated a “buy” rating and set a $48.00 price objective on shares of Comcast Corporation in a research report on Tuesday, June 27th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $45.69.

The company has a market cap of $190.99 billion, a P/E ratio of 20.41 and a beta of 1.01. The stock’s 50-day moving average is $39.66 and its 200 day moving average is $38.89.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. During the same quarter last year, the company earned $0.83 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts forecast that Comcast Corporation will post $2.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.

In other Comcast Corporation news, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the sale, the director now directly owns 26,812 shares in the company, valued at approximately $1,085,886. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the sale, the senior vice president now owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Connecticut Wealth Management LLC increased its stake in shares of Comcast Corporation by 0.4% in the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after buying an additional 24 shares in the last quarter. Financial Consulate Inc. increased its stake in shares of Comcast Corporation by 0.5% in the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after buying an additional 30 shares in the last quarter. Clarius Group LLC increased its stake in shares of Comcast Corporation by 0.4% in the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after buying an additional 32 shares in the last quarter. GM Advisory Group Inc. increased its stake in shares of Comcast Corporation by 0.9% in the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after buying an additional 48 shares in the last quarter. Finally, Peoples Bank OH increased its stake in shares of Comcast Corporation by 0.9% in the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 82.87% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/08/18/investors-sell-shares-of-comcast-corporation-cmcsa-on-strength-cmcsa-2.html.

Comcast Corporation Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with MarketBeat.com's FREE daily email newsletter.