Traders Sell Comcast (CMCSA) on Strength (CMCSA)

Investors sold shares of Comcast Corporation (NASDAQ:CMCSA) on strength during trading hours on Tuesday. $83.07 million flowed into the stock on the tick-up and $157.43 million flowed out of the stock on the tick-down, for a money net flow of $74.36 million out of the stock. Of all companies tracked, Comcast had the 0th highest net out-flow for the day. Comcast traded up $0.13 for the day and closed at $40.61

CMCSA has been the topic of several recent research reports. KeyCorp reaffirmed a “neutral” rating on shares of Comcast in a research note on Sunday, September 17th. Robert W. Baird reaffirmed an “outperform” rating on shares of Comcast in a research note on Wednesday, September 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $44.00 target price on shares of Comcast in a research note on Thursday, September 21st. Moffett Nathanson reaffirmed a “buy” rating on shares of Comcast in a research note on Monday, October 16th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $46.15.

The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $192,050.00, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. Comcast’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. equities analysts forecast that Comcast Corporation will post 2.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.53%. Comcast’s dividend payout ratio (DPR) is currently 29.72%.

In related news, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the sale, the executive vice president now directly owns 65,946 shares in the company, valued at approximately $2,678,726.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the sale, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 593,402 shares of company stock worth $22,961,401. 1.28% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of CMCSA. Zions Bancorporation increased its stake in Comcast by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after purchasing an additional 410 shares during the period. Independent Portfolio Consultants Inc. increased its stake in Comcast by 87.1% during the second quarter. Independent Portfolio Consultants Inc. now owns 6,807 shares of the cable giant’s stock worth $265,000 after purchasing an additional 3,168 shares during the period. SPF Beheer BV increased its stake in Comcast by 3.4% during the second quarter. SPF Beheer BV now owns 1,707,254 shares of the cable giant’s stock worth $66,446,000 after purchasing an additional 55,390 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Comcast by 0.5% during the second quarter. Handelsbanken Fonder AB now owns 573,000 shares of the cable giant’s stock worth $22,301,000 after buying an additional 2,600 shares during the period. Finally, KAMES CAPITAL plc increased its stake in shares of Comcast by 37.3% during the second quarter. KAMES CAPITAL plc now owns 1,474,625 shares of the cable giant’s stock worth $57,392,000 after buying an additional 400,432 shares during the period. Institutional investors own 82.13% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Traders Sell Comcast (CMCSA) on Strength (CMCSA)” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.com-unik.info/2018/01/11/traders-sell-comcast-cmcsa-on-strength-cmcsa.html.

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.

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit