Comcast Co. (NASDAQ:CMCSA) EVP Arthur R. Block sold 2,356 shares of Comcast stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $37.82, for a total transaction of $89,103.92. Following the sale, the executive vice president now directly owns 62,988 shares in the company, valued at approximately $2,382,206.16. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Comcast Co. (NASDAQ:CMCSA) opened at 38.85 on Friday. Comcast Co. has a one year low of $30.02 and a one year high of $40.62. The firm’s 50-day moving average is $38.33 and its 200-day moving average is $36.46. The stock has a market capitalization of $184.63 billion, a PE ratio of 20.61 and a beta of 1.07.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 27th. The cable giant reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.09. The firm had revenue of $20.46 billion during the quarter, compared to analysts’ expectations of $20.10 billion. Comcast had a return on equity of 15.30% and a net margin of 10.81%. Comcast’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 earnings per share. On average, analysts expect that Comcast Co. will post $1.98 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 5th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, June 30th. Comcast’s payout ratio is 30.81%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in Comcast during the fourth quarter valued at about $157,537,000. Seminole Management Co. Inc. boosted its position in shares of Comcast by 37.7% in the third quarter. Seminole Management Co. Inc. now owns 157,544 shares of the cable giant’s stock worth $10,451,000 after buying an additional 43,094 shares in the last quarter. Korea Investment CORP boosted its position in shares of Comcast by 15.8% in the third quarter. Korea Investment CORP now owns 2,556,309 shares of the cable giant’s stock worth $169,586,000 after buying an additional 349,194 shares in the last quarter. 3G Capital Partners LP boosted its position in shares of Comcast by 1,333.1% in the fourth quarter. 3G Capital Partners LP now owns 838,000 shares of the cable giant’s stock worth $57,864,000 after buying an additional 779,525 shares in the last quarter. Finally, Israel Discount Bank of New York GFN purchased a new position in shares of Comcast during the fourth quarter worth $394,000. Hedge funds and other institutional investors own 82.03% of the company’s stock.
A number of brokerages have recently weighed in on CMCSA. Jefferies Group LLC reaffirmed a “buy” rating and set a $47.00 target price (up previously from $43.00) on shares of Comcast in a research note on Saturday, April 29th. Royal Bank of Canada boosted their price objective on shares of Comcast from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, May 1st. Instinet reissued a “buy” rating and set a $43.00 price objective (down previously from $46.00) on shares of Comcast in a research note on Saturday, April 29th. Barclays PLC set a $46.00 price objective on shares of Comcast and gave the stock an “overweight” rating in a research note on Monday, May 1st. Finally, Credit Suisse Group AG boosted their price objective on shares of Comcast from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th. One analyst has rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $43.35.
Comcast Company Profile
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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