Investors sold shares of Comcast Co. (NASDAQ:CMCSA) on strength during trading on Monday. $45.16 million flowed into the stock on the tick-up and $129.28 million flowed out of the stock on the tick-down, for a money net flow of $84.12 million out of the stock. Of all companies tracked, Comcast had the 21st highest net out-flow for the day. Comcast traded up $0.08 for the day and closed at $39.58
CMCSA has been the topic of several recent research reports. OTR Global cut shares of Comcast to a “positive” rating in a research note on Monday, October 30th. Robert W. Baird reaffirmed a “buy” rating and set a $43.00 target price on shares of Comcast in a research note on Friday, November 17th. Buckingham Research initiated coverage on shares of Comcast in a research note on Monday, November 20th. They set a “buy” rating and a $48.00 target price on the stock. BidaskClub raised shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, Macquarie reaffirmed a “buy” rating and set a $40.00 target price on shares of Comcast in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $47.74.
The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $183,830.00, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.52 and a beta of 1.04.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be issued a $0.19 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 1.92%. The ex-dividend date is Tuesday, April 3rd. Comcast’s payout ratio is 30.00%.
In related news, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the sale, the executive vice president now directly owns 65,946 shares in the company, valued at approximately $2,678,726.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the sale, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 784,158 shares of company stock worth $31,070,439. 1.28% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC increased its stake in Comcast by 1,581.1% during the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after purchasing an additional 26,522,368 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Comcast during the fourth quarter worth about $650,219,000. Mackenzie Financial Corp increased its stake in Comcast by 7,838.2% during the fourth quarter. Mackenzie Financial Corp now owns 10,694,977 shares of the cable giant’s stock worth $428,334,000 after purchasing an additional 10,560,249 shares during the period. Vanguard Group Inc. increased its stake in Comcast by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares during the period. Finally, Capital International Investors increased its stake in Comcast by 23.3% during the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after purchasing an additional 6,467,802 shares during the period. Hedge funds and other institutional investors own 82.26% of the company’s stock.
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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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