Shares of Comcast Corporation (NASDAQ:CMCSA) were down 2.2% during mid-day trading on Friday . The stock traded as low as $38.21 and last traded at $37.77. Approximately 32,541,963 shares changed hands during mid-day trading, an increase of 83% from the average daily volume of 17,812,500 shares. The stock had previously closed at $38.60.

Several analysts have issued reports on CMCSA shares. Credit Suisse Group increased their price objective on shares of Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Macquarie reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Comcast Corporation in a research report on Tuesday, May 16th. ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Moffett Nathanson downgraded shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research report on Tuesday, June 20th. Finally, BidaskClub downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Comcast Corporation presently has an average rating of “Buy” and a consensus price target of $45.83.

The company has a market cap of $180.10 billion, a P/E ratio of 19.25 and a beta of 1.01. The stock’s 50 day moving average price is $40.31 and its 200-day moving average price is $39.18. Comcast Corporation also saw unusually large options trading on Thursday. Traders bought 17,896 put options on the company. This is an increase of approximately 209% compared to the average volume of 5,783 put options.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is currently 31.74%.

In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the transaction, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.28% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Connecticut Wealth Management LLC lifted its stake in shares of Comcast Corporation by 0.4% during the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after acquiring an additional 24 shares during the period. Financial Consulate Inc. lifted its stake in shares of Comcast Corporation by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after acquiring an additional 30 shares during the period. Clarius Group LLC lifted its stake in shares of Comcast Corporation by 0.4% during the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after acquiring an additional 32 shares during the period. GM Advisory Group Inc. lifted its stake in shares of Comcast Corporation by 0.9% during the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after acquiring an additional 48 shares during the period. Finally, Peoples Bank OH lifted its stake in shares of Comcast Corporation by 0.9% during the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after acquiring an additional 59 shares during the period. 82.02% of the stock is currently owned by institutional investors and hedge funds.

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About Comcast Corporation

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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