Traders Buy Shares of Comcast (CMCSA) on Weakness After Insider Selling

Traders purchased shares of Comcast Co. (NASDAQ:CMCSA) on weakness during trading hours on Thursday following insider selling activity. $413.36 million flowed into the stock on the tick-up and $247.61 million flowed out of the stock on the tick-down, for a money net flow of $165.75 million into the stock. Of all companies tracked, Comcast had the 7th highest net in-flow for the day. Comcast traded down ($1.26) for the day and closed at $33.23Specifically, SVP Daniel C. Murdock sold 1,891 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $35.60, for a total transaction of $67,319.60. Following the sale, the senior vice president now owns 2,585 shares in the company, valued at $92,026. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen B. Burke sold 190,756 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $42.51, for a total value of $8,109,037.56. Following the sale, the executive vice president now owns 1,214,811 shares in the company, valued at approximately $51,641,615.61. The disclosure for this sale can be found here. Insiders sold 1,386,660 shares of company stock worth $51,959,317 in the last quarter. 1.28% of the stock is currently owned by company insiders.

A number of equities research analysts have weighed in on CMCSA shares. BidaskClub upgraded Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Macquarie reaffirmed a “buy” rating and set a $40.00 price objective on shares of Comcast in a research note on Thursday, December 7th. Pivotal Research reaffirmed a “buy” rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, December 19th. Buckingham Research raised their price objective on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $48.00 price objective (up from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $50.25.

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The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $160,189.05, a P/E ratio of 6.95, a PEG ratio of 1.25 and a beta of 1.16.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The company had revenue of $21.92 billion for 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%. Comcast’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.89 earnings per share. sell-side analysts expect that Comcast Co. will post 2.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 2.29%. Comcast’s dividend payout ratio (DPR) is presently 13.21%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its position in Comcast by 1,581.1% during the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after acquiring an additional 26,522,368 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Comcast during the 4th quarter valued at approximately $650,219,000. Mackenzie Financial Corp boosted its position in Comcast by 7,838.2% during the 4th quarter. Mackenzie Financial Corp now owns 10,694,977 shares of the cable giant’s stock valued at $428,334,000 after acquiring an additional 10,560,249 shares in the last quarter. Vanguard Group Inc. boosted its position in Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after acquiring an additional 8,677,771 shares in the last quarter. Finally, Capital International Investors boosted its position in Comcast by 23.3% during the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after acquiring an additional 6,467,802 shares in the last quarter. 83.44% of the stock is currently owned by institutional investors.

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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, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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