Comcast Corp. (NASDAQ:CMCSA) EVP David L. Cohen sold 19,444 shares of the stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $65.50, for a total transaction of $1,273,582.00. Following the completion of the sale, the executive vice president now owns 257,120 shares of the company’s stock, valued at approximately $16,841,360. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Comcast Corp. (NASDAQ:CMCSA) opened at 65.02 on Tuesday. The stock has a market capitalization of $156.82 billion, a PE ratio of 19.77 and a beta of 1.05. The stock’s 50 day moving average is $65.86 and its 200 day moving average is $64.42. Comcast Corp. has a 52-week low of $52.34 and a 52-week high of $68.36.
Comcast Corp. (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 EPS for the quarter, topping the consensus estimate of $0.81 by $0.02. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. The firm earned $18.74 billion during the quarter, compared to analyst estimates of $19.11 billion. During the same quarter in the prior year, the business posted $0.84 earnings per share. Comcast Corp.’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts expect that Comcast Corp. will post $3.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Monday, October 3rd. Comcast Corp.’s dividend payout ratio (DPR) is 33.43%.
A number of institutional investors have recently modified their holdings of CMCSA. Tortoise Investment Management LLC raised its position in shares of Comcast Corp. by 0.6% in the second quarter. Tortoise Investment Management LLC now owns 2,244 shares of the cable giant’s stock valued at $146,000 after buying an additional 13 shares during the period. Bangor Savings Bank raised its position in shares of Comcast Corp. by 0.7% in the second quarter. Bangor Savings Bank now owns 5,118 shares of the cable giant’s stock valued at $333,000 after buying an additional 34 shares during the period. Palisade Capital Management LLC NJ raised its position in shares of Comcast Corp. by 0.9% in the first quarter. Palisade Capital Management LLC NJ now owns 4,031 shares of the cable giant’s stock valued at $246,000 after buying an additional 37 shares during the period. Community Bank N.A. raised its position in shares of Comcast Corp. by 0.3% in the third quarter. Community Bank N.A. now owns 16,260 shares of the cable giant’s stock valued at $1,079,000 after buying an additional 56 shares during the period. Finally, SSI Investment Management Inc. raised its position in shares of Comcast Corp. by 1.2% in the second quarter. SSI Investment Management Inc. now owns 4,888 shares of the cable giant’s stock valued at $318,000 after buying an additional 59 shares during the period. 82.22% of the stock is owned by hedge funds and other institutional investors.
CMCSA has been the subject of a number of recent research reports. Wells Fargo & Co. reiterated a “buy” rating on shares of Comcast Corp. in a report on Monday, July 18th. Pivotal Research restated a “buy” rating on shares of Comcast Corp. in a report on Thursday, July 28th. Barclays PLC restated an “overweight” rating and set a $70.00 price target on shares of Comcast Corp. in a report on Thursday, September 22nd. Jefferies Group raised their price target on shares of Comcast Corp. from $72.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, Nomura restated a “buy” rating on shares of Comcast Corp. in a report on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $72.00.
Comcast Corp. Company Profile
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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