Investors Buy Comcast (CMCSA) on Weakness

Traders purchased shares of Comcast Corporation (NASDAQ:CMCSA) on weakness during trading on Thursday. $201.29 million flowed into the stock on the tick-up and $146.47 million flowed out of the stock on the tick-down, for a money net flow of $54.82 million into the stock. Of all companies tracked, Comcast had the 6th highest net in-flow for the day. Comcast traded down ($0.74) for the day and closed at $37.89

A number of equities analysts have recently issued reports on the company. Macquarie restated a “buy” rating and set a $40.00 price objective on shares of Comcast in a research report on Thursday. BidaskClub upgraded Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Buckingham Research assumed coverage on Comcast in a research report on Monday, November 20th. They set a “buy” rating and a $48.00 price objective for the company. Robert W. Baird restated a “buy” rating and set a $43.00 price objective on shares of Comcast in a research report on Friday, November 17th. Finally, OTR Global downgraded Comcast to a “positive” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $45.72.

The company has a market capitalization of $177,020.00, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. research analysts predict that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.66%. Comcast’s dividend payout ratio is 29.72%.

In other news, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now owns 24,580 shares in the company, valued at $916,096.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the sale, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Connecticut Wealth Management LLC boosted its position in shares of Comcast 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 buying an additional 24 shares during the last quarter. Financial Consulate Inc. boosted its position in shares of Comcast 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 buying an additional 30 shares during the last quarter. Clarius Group LLC boosted its position in shares of Comcast 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 buying an additional 32 shares during the last quarter. GM Advisory Group Inc. boosted its position in shares of Comcast 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 buying an additional 48 shares during the last quarter. Finally, Peoples Bank OH boosted its position in shares of Comcast 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 buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 82.50% of the company’s stock.

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About Comcast

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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