Short Interest in Comcast Co. (CMCSA) Decreases By 21.7%
Comcast Co. (NASDAQ:CMCSA) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 67,516,822 shares, a decrease of 21.7% from the January 31st total of 86,194,053 shares. Based on an average daily volume of 31,516,205 shares, the short-interest ratio is currently 2.1 days. Currently, 1.5% of the company’s stock are sold short.
Several equities research analysts have commented on CMCSA shares. TD Securities upped their price target on shares of Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Nomura reaffirmed a “neutral” rating and issued a $42.00 price target (down from $45.00) on shares of Comcast in a report on Thursday, January 18th. Buckingham Research upped their price target on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a report on Monday, January 8th. BidaskClub raised shares of Comcast from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 5th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $52.00 price target on shares of Comcast in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Comcast currently has a consensus rating of “Buy” and an average target price of $50.39.
Shares of Comcast (NASDAQ:CMCSA) opened at $36.49 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74. Comcast has a 12 month low of $34.78 and a 12 month high of $44.00. The stock has a market cap of $169,250.00, a PE ratio of 17.38, a PEG ratio of 1.33 and a beta of 1.16.
The company 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 is a positive change from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio is presently 30.00%.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Stephen B. Burke sold 190,756 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $42.51, for a total value of $8,109,037.56. Following the completion of the transaction, the executive vice president now directly owns 1,214,811 shares in the company, valued at $51,641,615.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 784,158 shares of company stock worth $31,070,439. Insiders own 1.28% of the company’s stock.
Several hedge funds have recently bought and sold shares of CMCSA. Janus Henderson Group PLC raised its position in shares of Comcast by 1,581.1% during the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after purchasing an additional 26,522,368 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Comcast during the 4th quarter worth about $650,219,000. Mackenzie Financial Corp raised its position in shares of Comcast by 7,838.2% during the 4th quarter. Mackenzie Financial Corp now owns 10,694,977 shares of the cable giant’s stock worth $428,334,000 after purchasing an additional 10,560,249 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares during the last quarter. Finally, Capital International Investors raised its position in shares of Comcast by 23.3% during the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after purchasing an additional 6,467,802 shares during the last quarter. 82.26% of the stock is currently owned by institutional investors and hedge funds.
Comcast 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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