Investors bought shares of Comcast Co. (NASDAQ:CMCSA) on weakness during trading hours on Friday after an insider sold shares in the company. $686.59 million flowed into the stock on the tick-up and $171.46 million flowed out of the stock on the tick-down, for a money net flow of $515.13 million into the stock. Of all companies tracked, Comcast had the 6th highest net in-flow for the day. Comcast traded down ($0.32) for the day and closed at $35.83Specifically, Chairman Brian L. Roberts sold 691,105 shares of Comcast stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $36.53, for a total transaction of $25,246,065.65. Following the completion of the sale, the chairman now directly owns 1,717,788 shares in the company, valued at $62,750,795.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $39.89, for a total transaction of $224,580.70. Following the sale, the executive vice president now owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,381,228 shares of company stock valued at $51,795,182. 1.28% of the stock is owned by company insiders.
CMCSA has been the subject of a number of recent analyst reports. TD Securities lifted their price target on shares of Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Nomura reiterated a “neutral” rating and set a $42.00 price target (down from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Buckingham Research lifted their price target on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 8th. BidaskClub upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Finally, Pivotal Research reiterated a “buy” rating and set a $52.00 price target on shares of Comcast in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Comcast has an average rating of “Buy” and an average price target of $50.39.
The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $167,898.92, a P/E ratio of 7.51, a PEG ratio of 1.31 and a beta of 1.16.
Comcast (NASDAQ:CMCSA) last issued its quarterly 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. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts predict that Comcast Co. will post 2.52 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.12%. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s payout ratio is currently 13.21%.
A number of institutional investors have recently modified their holdings of CMCSA. Crewe Advisors LLC purchased a new position in Comcast in the fourth quarter worth approximately $102,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Comcast during the 3rd quarter worth approximately $104,000. Vigilant Capital Management LLC lifted its position in shares of Comcast by 474.2% during 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% during 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 purchased a new stake in shares of Comcast during the 2nd quarter worth approximately $107,000. Institutional investors own 83.59% of the company’s stock.
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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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