Comcast Co. (NASDAQ:CMCSA) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 86,194,053 shares, a growth of 33.8% from the January 12th total of 64,404,428 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 24,808,275 shares, the short-interest ratio is presently 3.5 days.
Comcast (CMCSA) traded up $0.38 during midday trading on Friday, reaching $38.57. 37,215,006 shares of the company’s stock were exchanged, compared to its average volume of 26,224,146. Comcast has a 12-month low of $34.78 and a 12-month high of $44.00. 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 cap of $175,450.00, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm had revenue of $21.92 billion for the quarter, compared to the consensus estimate of $21.83 billion. During the same period in the prior year, the firm posted $0.89 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. research analysts predict that Comcast will post 2.46 EPS for the current fiscal year.
Several research firms have recently issued reports on CMCSA. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research report on Monday, October 16th. OTR Global downgraded shares of Comcast to a “positive” rating in a research note on Monday, October 30th. Guggenheim upped their target price on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Evercore ISI restated an “outperform” rating and issued a $48.00 target price (up from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Finally, Bank of America upped their target price on shares of Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.74.
In other news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the sale, the executive vice president now owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The stock was 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 directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold 784,158 shares of company stock valued at $31,070,439 in the last ninety days. 1.28% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Crewe Advisors LLC bought a new position in shares of Comcast in the 4th quarter worth about $102,000. Wealthcare Advisory Partners LLC bought a new position in shares of Comcast in the 3rd quarter worth about $104,000. Vigilant Capital Management LLC lifted its position in shares of Comcast by 474.2% in the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock worth $104,000 after buying an additional 2,134 shares during the last quarter. Clear Perspective Advisors LLC lifted its position in shares of Comcast by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after buying an additional 1,362 shares during the last quarter. Finally, MPS Loria Financial Planners LLC bought a new position in shares of Comcast in the 2nd quarter worth about $107,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.
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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