Traders Buy Comcast (CMCSA) on Weakness Following Insider Selling

Investors purchased shares of Comcast Co. (NASDAQ:CMCSA) on weakness during trading on Friday following insider selling activity. $686.59 million flowed into the stock on the tick-up and $171.46 million flowed out of the stock on the tick-down, for a money net flow of $515.13 million into the stock. Of all companies tracked, Comcast had the 6th highest net in-flow for the day. Comcast traded down ($0.32) for the day and closed at $35.83Specifically, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the transaction, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur R. Block sold 5,630 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. Insiders sold 1,381,228 shares of company stock worth $51,795,182 in the last ninety days. Corporate insiders own 1.28% of the company’s stock.

CMCSA has been the subject of several research analyst reports. TD Securities increased their target price on Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Nomura reiterated a “neutral” rating and set a $42.00 target price (down previously from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Buckingham Research increased their target price on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. BidaskClub upgraded Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Finally, Pivotal Research reiterated a “buy” rating and set a $52.00 target price on shares of Comcast in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the company. Comcast has a consensus rating of “Buy” and a consensus target price of $50.39.

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The company has a market capitalization of $167,060.00, a price-to-earnings ratio of 17.06, a P/E/G ratio of 1.30 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. equities analysts anticipate that Comcast Co. will post 2.52 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued a $0.19 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.12%. Comcast’s payout ratio is 30.00%.

Institutional investors have recently made changes to their positions in the company. Beach Investment Management LLC. bought a new stake in shares of Comcast during the 2nd quarter worth approximately $371,000. Exencial Wealth Advisors LLC lifted its stake in shares of Comcast by 13.1% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 9,844 shares of the cable giant’s stock worth $383,000 after acquiring an additional 1,142 shares during the last quarter. Rathbone Brothers plc lifted its stake in shares of Comcast by 2.5% during the 2nd quarter. Rathbone Brothers plc now owns 29,980 shares of the cable giant’s stock worth $1,167,000 after acquiring an additional 726 shares during the last quarter. Engineers Gate Manager LP lifted its stake in shares of Comcast by 1,317.3% during the 2nd quarter. Engineers Gate Manager LP now owns 120,469 shares of the cable giant’s stock worth $4,689,000 after acquiring an additional 111,969 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Comcast by 3.2% during the 2nd quarter. Private Advisor Group LLC now owns 171,184 shares of the cable giant’s stock worth $6,635,000 after acquiring an additional 5,363 shares during the last quarter. Hedge funds and other institutional investors own 83.59% 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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