Comcast Co. (NASDAQ:CMCSA) SVP Sells $70,523.46 in Stock

Comcast Co. (NASDAQ:CMCSA) SVP Daniel C. Murdock sold 1,701 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $41.46, for a total transaction of $70,523.46. Following the sale, the senior vice president now directly owns 4,712 shares in the company, valued at approximately $195,359.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

CMCSA stock opened at $42.31 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.73 and a current ratio of 0.73. Comcast Co. has a 52 week low of $32.08 and a 52 week high of $43.96. The firm has a market cap of $192.02 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 1.18 and a beta of 1.12.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.08. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The company had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.27 billion. During the same quarter last year, the firm earned $0.66 EPS. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. Research analysts expect that Comcast Co. will post 3.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.84 annualized dividend and a yield of 1.99%. Comcast’s payout ratio is currently 32.94%.

A number of research firms recently weighed in on CMCSA. BidaskClub lowered shares of Comcast from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. TD Securities increased their price target on shares of Comcast from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, April 29th. KeyCorp increased their price target on shares of Comcast from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Barclays increased their price target on shares of Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Morgan Stanley increased their price target on shares of Comcast from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Eight research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $43.68.

Institutional investors and hedge funds have recently made changes to their positions in the business. Acima Private Wealth LLC purchased a new stake in Comcast during the 4th quarter valued at $25,000. Clean Yield Group purchased a new stake in Comcast during the 1st quarter valued at $25,000. Mackey Komara & Dankovich LLC purchased a new stake in Comcast during the 1st quarter valued at $27,000. Litman Gregory Asset Management LLC purchased a new stake in Comcast during the 4th quarter valued at $30,000. Finally, Strategy Asset Managers LLC purchased a new stake in Comcast during the 1st quarter valued at $36,000. 82.63% 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, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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