Traders Buy Shares of Comcast Corporation (CMCSA) on Weakness

Investors bought shares of Comcast Corporation (NASDAQ:CMCSA) on weakness during trading hours on Thursday. $158.70 million flowed into the stock on the tick-up and $73.56 million flowed out of the stock on the tick-down, for a money net flow of $85.14 million into the stock. Of all equities tracked, Comcast Corporation had the 3rd highest net in-flow for the day. Comcast Corporation traded down ($0.11) for the day and closed at $37.07

Several equities research analysts recently issued reports on the stock. ValuEngine cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reissued a “buy” rating and issued a $43.00 target price on shares of Comcast Corporation in a research report on Friday, September 1st. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $42.00 to $46.00 in a research report on Thursday, August 3rd. Finally, Argus raised their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $45.84.

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $173,260.00, a P/E ratio of 18.29, a PEG ratio of 1.91 and a beta of 1.00.

Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. research analysts anticipate that Comcast Corporation will post 2.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be paid a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.74%. Comcast Corporation’s dividend payout ratio (DPR) is presently 29.72%.

In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now owns 24,580 shares in the company, valued at $916,096.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in CMCSA. Patriot Financial Group Insurance Agency LLC increased its stake in Comcast Corporation by 100.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after purchasing an additional 1,340 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in Comcast Corporation during the third quarter valued at $104,000. Zions Bancorporation increased its stake in Comcast Corporation by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares during the last quarter. Clear Perspective Advisors LLC increased its stake in Comcast Corporation by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares during the last quarter. Finally, MPS Loria Financial Planners LLC bought a new stake in Comcast Corporation during the second quarter valued at $107,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

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Comcast Corporation Company Profile

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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