Investors sold shares of Comcast Co. (NASDAQ:CMCSA) on strength during trading on Friday. $111.58 million flowed into the stock on the tick-up and $326.92 million flowed out of the stock on the tick-down, for a money net flow of $215.34 million out of the stock. Of all companies tracked, Comcast had the 0th highest net out-flow for the day. Comcast traded up $0.18 for the day and closed at $32.81
Several analysts recently weighed in on CMCSA shares. ValuEngine lowered Comcast from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Atlantic Securities lowered Comcast from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 8th. Macquarie restated a “hold” rating and set a $38.00 price target on shares of Comcast in a report on Sunday, April 29th. UBS Group decreased their price target on Comcast from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, March 22nd. Finally, BidaskClub lowered Comcast from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Comcast currently has a consensus rating of “Buy” and an average price target of $46.43.
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 stock has a market capitalization of $151.55 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Comcast had a return on equity of 16.14% and a net margin of 26.79%. The business had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.74 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The business’s revenue was up 10.7% compared to the same quarter last year. equities analysts anticipate that Comcast Co. will post 2.5 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 25th. Stockholders of record on Tuesday, July 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, July 2nd. Comcast’s payout ratio is 36.89%.
In other news, SVP Daniel C. Murdock sold 916 shares of the stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $33.20, for a total transaction of $30,411.20. Following the transaction, the senior vice president now owns 2,120 shares of the company’s stock, valued at approximately $70,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Daniel C. Murdock sold 1,694 shares of the stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $31.05, for a total value of $52,598.70. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Crewe Advisors LLC bought a new stake in Comcast during the fourth quarter valued at about $102,000. Vigilant Capital Management LLC boosted its holdings in Comcast by 474.2% in the fourth quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock worth $104,000 after acquiring an additional 2,134 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in Comcast in the fourth quarter worth about $126,000. Santori & Peters Inc. acquired a new stake in Comcast in the fourth quarter worth about $126,000. Finally, Partners Capital Investment Group LLP acquired a new stake in Comcast in the fourth quarter worth about $141,000. 81.57% of the stock is currently owned by institutional investors.
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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