Comcast Co. (CMCSA) Short Interest Update

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.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.97%. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio is 13.18%.

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.

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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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