Investors Sell Comcast (CMCSA) on Strength on Insider Selling

Investors sold shares of Comcast Corporation (NASDAQ:CMCSA) on strength during trading hours on Wednesday after an insider sold shares in the company. $79.93 million flowed into the stock on the tick-up and $176.36 million flowed out of the stock on the tick-down, for a money net flow of $96.43 million out of the stock. Of all companies tracked, Comcast had the 8th highest net out-flow for the day. Comcast traded up $0.24 for the day and closed at $39.38Specifically, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the transaction, the executive vice president now owns 71,664 shares in the company, valued at $2,858,676.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Arthur R. Block sold 4,091 shares of Comcast stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares in the company, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 593,556 shares of company stock worth $22,958,411. Company insiders own 1.28% of the company’s stock.

CMCSA has been the subject of several recent analyst reports. UBS reissued an “overweight” rating on shares of Comcast in a research note on Thursday, August 24th. Robert W. Baird reissued a “buy” rating and set a $43.00 target price on shares of Comcast in a research note on Friday, September 1st. ValuEngine cut Comcast from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Moffett Nathanson raised Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, September 12th. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed a “neutral” rating on shares of Comcast in a research note on Sunday, September 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. Comcast currently has an average rating of “Buy” and an average price target of $45.72.

The stock has a market cap of $184,800.91, a PE ratio of 19.62, a PEG ratio of 1.90 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. equities analysts forecast that Comcast Corporation will post 2.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 30.36%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC lifted its stake in shares of Comcast by 4.6% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 12,792,729 shares of the cable giant’s stock worth $492,264,000 after purchasing an additional 564,805 shares during the period. AXA lifted its stake in shares of Comcast by 1.0% during the 3rd quarter. AXA now owns 2,462,520 shares of the cable giant’s stock worth $94,758,000 after purchasing an additional 24,238 shares during the period. Shelton Capital Management lifted its stake in shares of Comcast by 2.6% during the 3rd quarter. Shelton Capital Management now owns 419,053 shares of the cable giant’s stock worth $16,125,000 after purchasing an additional 10,672 shares during the period. Institutional & Family Asset Management LLC raised its position in shares of Comcast by 39.2% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 30,643 shares of the cable giant’s stock worth $1,179,000 after buying an additional 8,623 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Comcast in the 3rd quarter worth $2,323,000. Institutional investors and hedge funds own 82.13% of the company’s stock.

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About Comcast

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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