Investors Sell Comcast Corporation (CMCSA) on Strength (CMCSA)

Investors sold shares of Comcast Corporation (NASDAQ:CMCSA) on strength during trading hours on Thursday. $77.55 million flowed into the stock on the tick-up and $93.02 million flowed out of the stock on the tick-down, for a money net flow of $15.47 million out of the stock. Of all stocks tracked, Comcast Corporation had the 11th highest net out-flow for the day. Comcast Corporation traded up $0.10 for the day and closed at $40.73

CMCSA has been the topic of several research reports. Macquarie reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Comcast Corporation in a research report on Tuesday, May 16th. Jefferies Group LLC reissued a “buy” rating and issued a $47.00 price target (up previously from $43.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Instinet reissued a “buy” rating and issued a $43.00 price target (down previously from $46.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Deutsche Bank AG reissued a “buy” rating and issued a $47.00 price target (up previously from $44.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Finally, Wunderlich boosted their price target on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $45.69.

The company has a market capitalization of $191.98 billion, a price-to-earnings ratio of 20.52 and a beta of 1.01. The company has a 50-day moving average price of $39.44 and a 200-day moving average price of $38.74.

Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. Equities analysts expect that Comcast Corporation will post $2.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s payout ratio is currently 31.74%.

In related news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now directly owns 725 shares of the company’s stock, valued at $28,717.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now directly owns 26,812 shares of the company’s stock, valued at $1,085,886. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. KCM Investment Advisors LLC raised its position in Comcast Corporation by 1.5% in the second quarter. KCM Investment Advisors LLC now owns 278,037 shares of the cable giant’s stock worth $10,821,000 after buying an additional 4,229 shares during the period. Comerica Securities Inc. raised its position in Comcast Corporation by 3.4% in the second quarter. Comerica Securities Inc. now owns 19,684 shares of the cable giant’s stock worth $769,000 after buying an additional 647 shares during the period. Courier Capital LLC raised its position in Comcast Corporation by 3.1% in the second quarter. Courier Capital LLC now owns 51,752 shares of the cable giant’s stock worth $2,014,000 after buying an additional 1,540 shares during the period. King Luther Capital Management Corp raised its position in Comcast Corporation by 3.2% in the second quarter. King Luther Capital Management Corp now owns 95,730 shares of the cable giant’s stock worth $3,726,000 after buying an additional 2,990 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its position in Comcast Corporation by 6.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 59,288 shares of the cable giant’s stock worth $2,307,000 after buying an additional 3,463 shares during the period. 82.32% of the stock is owned by hedge funds and other institutional investors.

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Comcast Corporation 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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