Comcast Corporation (CMCSA) Short Interest Update

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.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s payout ratio is 29.72%.

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.

TRADEMARK VIOLATION NOTICE: “Comcast Corporation (CMCSA) Short Interest Update” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2018/01/12/comcast-corporation-cmcsa-short-interest-update-2.html.

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.

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