Traders Sell Shares of Comcast (CMCSA) on Strength (CMCSA)
Investors sold shares of Comcast Co. (NASDAQ:CMCSA) on strength during trading hours on Tuesday. $73.04 million flowed into the stock on the tick-up and $124.93 million flowed out of the stock on the tick-down, for a money net flow of $51.89 million out of the stock. Of all equities tracked, Comcast had the 13th highest net out-flow for the day. Comcast traded up $0.42 for the day and closed at $38.96
A number of equities research analysts recently commented on the company. Moffett Nathanson reiterated a “buy” rating on shares of Comcast in a research report on Monday, October 16th. OTR Global lowered Comcast to a “positive” rating in a research report on Monday, October 30th. Guggenheim upped their price objective on Comcast from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Evercore ISI restated an “outperform” rating and issued a $48.00 price objective (up previously from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Finally, Bank of America upped their price objective on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $47.74.
The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. The company has a market cap of $182,090.00, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.95%. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio is presently 13.18%.
In related news, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the transaction, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 784,158 shares of company stock valued at $31,070,439. Corporate insiders own 1.28% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Comcast by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after acquiring an additional 8,677,771 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Comcast by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after acquiring an additional 680,012 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Comcast by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock worth $2,041,312,000 after acquiring an additional 432,491 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 49,255,602 shares of the cable giant’s stock worth $1,968,535,000 after acquiring an additional 567,282 shares during the last quarter. Finally, Capital International Investors increased its stake in shares of Comcast by 23.3% in the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after acquiring an additional 6,467,802 shares during the last quarter. 82.52% of the stock is owned by hedge funds and other institutional investors.
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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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