Comcast Corporation (NASDAQ:CMCSA) was the target of a significant growth in short interest in the month of December. As of December 29th, there was short interest totalling 64,045,373 shares, a growth of 4.6% from the December 15th total of 61,222,844 shares. Based on an average daily volume of 16,528,555 shares, the short-interest ratio is currently 3.9 days. Currently, 1.4% of the company’s shares are sold short.
Comcast (NASDAQ CMCSA) opened at $42.60 on Friday. The firm has a market capitalization of $199,100.00, a price-to-earnings ratio of 20.09, a PEG ratio of 1.85 and a beta of 1.00. Comcast has a 52-week low of $34.78 and a 52-week high of $42.67. 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 announced its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. analysts anticipate that Comcast will post 2.05 EPS for the current year.
A number of research analysts have recently weighed in on the company. Macquarie restated a “buy” rating and issued a $40.00 target price on shares of Comcast in a report on Thursday, December 7th. Barclays dropped their target price on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Robert W. Baird restated an “outperform” rating on shares of Comcast in a report on Wednesday, September 20th. OTR Global lowered Comcast to a “positive” rating in a report on Monday, October 30th. Finally, Buckingham Research began coverage on Comcast in a report on Monday, November 20th. They set a “buy” rating and a $48.00 price target on the stock. One 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 currently has an average rating of “Buy” and a consensus price target of $46.15.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were 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 owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold 593,402 shares of company stock valued at $22,961,401 in the last ninety days. 1.28% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC bought a new stake in Comcast during the third quarter worth about $104,000. Clear Perspective Advisors LLC lifted its stake in Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after purchasing an additional 1,362 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in Comcast during the second quarter worth about $107,000. First Bank & Trust lifted its stake in Comcast by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after purchasing an additional 1,302 shares during the last quarter. Finally, Willingdon Wealth Management bought a new stake in Comcast during the third quarter worth about $133,000. Institutional investors and hedge funds own 82.13% of the company’s stock.
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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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