Traders Sell Comcast (CMCSA) on Strength Following Insider Selling

Traders sold shares of Comcast Co. (NASDAQ:CMCSA) on strength during trading on Tuesday following insider selling activity. $138.83 million flowed into the stock on the tick-up and $180.10 million flowed out of the stock on the tick-down, for a money net flow of $41.27 million out of the stock. Of all companies tracked, Comcast had the 6th highest net out-flow for the day. Comcast traded up $0.36 for the day and closed at $42.34Specifically, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 784,158 shares of company stock worth $31,070,439. Insiders own 1.28% of the company’s stock.

Several equities analysts recently issued reports on CMCSA shares. Macquarie restated a “buy” rating and set a $40.00 price objective on shares of Comcast in a research note on Thursday, December 7th. Buckingham Research started coverage on Comcast in a research note on Monday, November 20th. They set a “buy” rating and a $48.00 price objective on the stock. Robert W. Baird restated a “buy” rating and set a $43.00 price objective on shares of Comcast in a research note on Friday, November 17th. Moffett Nathanson restated a “buy” rating on shares of Comcast in a research note on Monday, October 16th. Finally, Nomura reduced their price objective on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $47.46.

The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $197,890.00, a P/E ratio of 8.86, a PEG ratio of 1.71 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating 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%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. equities analysts expect that Comcast Co. will post 2.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.79%. This is a positive change 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 (DPR) is 13.18%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Comcast by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after acquiring an additional 8,677,771 shares during the period. Bank of New York Mellon Corp increased its stake in Comcast by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after purchasing an additional 680,012 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Comcast by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock worth $2,041,312,000 after purchasing an additional 432,491 shares in the last quarter. Capital International Investors increased its stake in Comcast by 23.3% in the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after purchasing an additional 6,467,802 shares in the last quarter. Finally, Veritas Asset Management LLP increased its stake in Comcast by 3.7% in the 3rd quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock worth $1,277,358,000 after purchasing an additional 1,189,200 shares in the last quarter. 82.33% of the stock is currently owned by institutional investors.

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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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