Comcast Co. (NASDAQ:CMCSA) CEO Brian L. Roberts sold 358,353 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $36.89, for a total value of $13,219,642.17. Following the completion of the transaction, the chief executive officer now owns 1,717,788 shares in the company, valued at $63,369,199.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NASDAQ CMCSA opened at $34.12 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Co. has a 1 year low of $32.74 and a 1 year high of $44.00. The firm has a market capitalization of $160,699.92, a price-to-earnings ratio of 16.56, a P/E/G ratio of 1.26 and a beta of 1.17.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating the 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 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 prior year, the firm posted $0.89 earnings per share. Comcast’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts anticipate that Comcast Co. will post 2.49 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 $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.23%. The ex-dividend date is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio is currently 36.89%.
CMCSA has been the topic of a number of research reports. Pivotal Research restated a “buy” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, December 19th. Buckingham Research upped their price objective on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. Evercore ISI reaffirmed an “outperform” rating and set a $48.00 price objective (up previously from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Morgan Stanley upped their price objective on Comcast from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Finally, TD Securities lowered Comcast from an “action list buy” rating to a “buy” rating and upped their price objective for the stock from $42.60 to $51.00 in a research report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $47.16.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in Comcast by 1,581.1% in the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after purchasing an additional 26,522,368 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Comcast in the fourth quarter valued at about $650,219,000. Mackenzie Financial Corp lifted its position in Comcast by 7,838.2% in the fourth quarter. Mackenzie Financial Corp now owns 10,694,977 shares of the cable giant’s stock valued at $428,334,000 after purchasing an additional 10,560,249 shares during the period. Vanguard Group Inc. lifted its position in Comcast by 2.8% in the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after purchasing an additional 8,677,771 shares during the period. Finally, Capital International Investors lifted its position in Comcast by 23.3% in the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after purchasing an additional 6,467,802 shares during the period. Institutional investors and hedge funds own 83.49% of the company’s stock.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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