Investors Buy Comcast (CMCSA) on Weakness

Investors bought shares of Comcast (NASDAQ:CMCSA) on weakness during trading on Tuesday. $195.17 million flowed into the stock on the tick-up and $95.99 million flowed out of the stock on the tick-down, for a money net flow of $99.18 million into the stock. Of all equities tracked, Comcast had the 12th highest net in-flow for the day. Comcast traded down ($0.52) for the day and closed at $33.35

CMCSA has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. TD Securities lowered shares of Comcast from an “action list buy” rating to a “buy” rating and lifted their target price for the company from $42.60 to $51.00 in a research report on Friday, January 12th. Wells Fargo lifted their target price on shares of Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Buckingham Research boosted 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. Finally, Macquarie lowered shares of Comcast from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the stock. Comcast currently has a consensus rating of “Buy” and a consensus target price of $46.84.

The company has a market capitalization of $154,894.30, a price-to-earnings ratio of 16.63, a PEG ratio of 1.23 and a beta of 1.17. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.74 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. equities analysts predict that Comcast will post 2.47 EPS for the current fiscal year.

In related news, SVP Daniel C. Murdock sold 916 shares of the business’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $33.20, for a total transaction of $30,411.20. Following the completion of the sale, the senior vice president now directly owns 2,120 shares of the company’s stock, valued at $70,384. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Brian L. Roberts sold 691,105 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $36.53, for a total transaction of $25,246,065.65. Following the sale, the chairman now directly owns 1,717,788 shares of the company’s stock, valued at $62,750,795.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,400,867 shares of company stock valued at $52,408,044. Insiders own 1.28% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Garde Capital Inc. bought a new stake in Comcast in the fourth quarter valued at approximately $206,000. Chemical Bank boosted its holdings in shares of Comcast by 34.8% in the fourth quarter. Chemical Bank now owns 23,878 shares of the cable giant’s stock valued at $956,000 after buying an additional 6,162 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Comcast by 4.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 201,689 shares of the cable giant’s stock valued at $8,078,000 after buying an additional 8,105 shares during the period. Fairfield Bush & CO. boosted its holdings in shares of Comcast by 40.7% in the fourth quarter. Fairfield Bush & CO. now owns 26,973 shares of the cable giant’s stock valued at $1,080,000 after buying an additional 7,800 shares during the period. Finally, Colonial Trust Advisors boosted its holdings in shares of Comcast by 46.2% in the fourth quarter. Colonial Trust Advisors now owns 139,985 shares of the cable giant’s stock valued at $5,607,000 after buying an additional 44,255 shares during the period. 83.49% of the stock is owned by institutional investors and hedge funds.

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Comcast Company Profile

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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