Investors Sell Shares of Comcast Corporation (CMCSA) on Strength (CMCSA)
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.
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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.
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