Investors Sell Shares of Comcast (CMCSA) on Strength (CMCSA)

Traders sold shares of Comcast Co. (NASDAQ:CMCSA) on strength during trading on Wednesday. $139.56 million flowed into the stock on the tick-up and $208.46 million flowed out of the stock on the tick-down, for a money net flow of $68.90 million out of the stock. Of all stocks tracked, Comcast had the 0th highest net out-flow for the day. Comcast traded up $0.48 for the day and closed at $40.15

A number of equities analysts have issued reports on CMCSA shares. Morgan Stanley increased their price target on Comcast from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Pivotal Research increased their price target on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 27th. TD Securities cut Comcast from an “action list buy” rating to a “buy” rating and increased their price target for the stock from $42.60 to $51.00 in a report on Friday, January 12th. Barclays cut their price target on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Finally, Wells Fargo & Co restated a “buy” rating and set a $49.00 price target on shares of Comcast in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $47.74.

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $184,247.58, a price-to-earnings ratio of 19.26, a PEG ratio of 1.52 and a beta of 1.04.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. Comcast’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. equities analysts expect that Comcast Co. will post 2.46 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be given a $0.19 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio is presently 13.21%.

In related news, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen B. Burke sold 190,756 shares of the 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 sale, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at $51,641,615.61. The disclosure for this sale can be found here. Insiders sold a total of 784,158 shares of company stock valued at $31,070,439 over the last three months. 1.28% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Beach Investment Management LLC. purchased a new stake in shares of Comcast during the 2nd quarter valued at $371,000. Stoneridge Investment Partners LLC purchased a new stake in shares of Comcast during the 2nd quarter valued at $5,993,000. Kovitz Investment Group Partners LLC increased its position in shares of Comcast by 17.7% during the 2nd quarter. Kovitz Investment Group Partners LLC now owns 7,352 shares of the cable giant’s stock valued at $286,000 after purchasing an additional 1,108 shares during the last quarter. Trexquant Investment LP increased its position in shares of Comcast by 98.7% during the 2nd quarter. Trexquant Investment LP now owns 30,400 shares of the cable giant’s stock valued at $1,183,000 after purchasing an additional 15,100 shares during the last quarter. Finally, Connecticut Wealth Management LLC increased its position in shares of Comcast by 0.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after purchasing an additional 24 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

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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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