Comcast Co. (CMCSA) Sees Significant Decline in Short Interest

Comcast Co. (NASDAQ:CMCSA) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 68,928,394 shares, a decline of 4.8% from the May 31st total of 72,425,773 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average trading volume of 31,110,489 shares, the short-interest ratio is currently 2.2 days.

In other news, SVP Daniel C. Murdock sold 916 shares of the business’s stock in a transaction 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 approximately $70,384. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel C. Murdock sold 1,694 shares of the business’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $31.05, for a total transaction of $52,598.70. The disclosure for this sale can be found here. Insiders own 1.31% of the company’s stock.

A number of large investors have recently bought and sold shares of CMCSA. Vicus Capital raised its stake in shares of Comcast by 29.8% in the 4th quarter. Vicus Capital now owns 8,711 shares of the cable giant’s stock valued at $349,000 after purchasing an additional 2,000 shares in the last quarter. First Personal Financial Services raised its stake in shares of Comcast by 18.4% in the 4th quarter. First Personal Financial Services now owns 15,511 shares of the cable giant’s stock valued at $621,000 after purchasing an additional 2,411 shares in the last quarter. Lourd Capital LLC raised its stake in shares of Comcast by 30.6% in the 4th quarter. Lourd Capital LLC now owns 17,342 shares of the cable giant’s stock valued at $695,000 after purchasing an additional 4,068 shares in the last quarter. Eqis Capital Management Inc. raised its stake in shares of Comcast by 113.6% in the 4th quarter. Eqis Capital Management Inc. now owns 21,021 shares of the cable giant’s stock valued at $842,000 after purchasing an additional 11,180 shares in the last quarter. Finally, Northside Capital Management LLC acquired a new stake in shares of Comcast in the 4th quarter valued at about $1,001,000. 81.57% of the stock is owned by institutional investors.

Shares of Comcast opened at $32.78 on Wednesday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $157.03 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 1.21 and a beta of 1.19. Comcast has a twelve month low of $30.43 and a twelve month high of $44.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, April 25th. The cable giant reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The company had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.74 billion. Comcast had a net margin of 26.79% and a return on equity of 16.14%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. sell-side analysts expect that Comcast will post 2.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 25th. Shareholders of record on Tuesday, July 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, July 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 2.32%. Comcast’s payout ratio is currently 36.89%.

Several analysts have recently issued reports on CMCSA shares. ValuEngine cut shares of Comcast from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Atlantic Securities cut shares of Comcast from an “overweight” rating to a “neutral” rating in a research note on Tuesday, May 8th. Macquarie reissued a “hold” rating and set a $38.00 price objective on shares of Comcast in a research note on Sunday, April 29th. UBS Group lowered their price objective on shares of Comcast from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, March 22nd. Finally, BidaskClub cut shares of Comcast from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the company. Comcast has a consensus rating of “Buy” and a consensus price target of $46.43.

About Comcast

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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