Comcast Co. (NASDAQ:CMCSA) EVP Arthur R. Block sold 6,700 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $34.84, for a total value of $233,428.00. Following the transaction, the executive vice president now directly owns 62,988 shares in the company, valued at approximately $2,194,501.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Comcast stock opened at $33.17 on Friday. Comcast Co. has a 12-month low of $33.15 and a 12-month high of $44.00. 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 $154,058.28, a P/E ratio of 16.10, a PEG ratio of 1.20 and a beta of 1.16.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. During the same period last year, the firm earned $0.89 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts anticipate that Comcast Co. will post 2.52 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of CMCSA. Janus Henderson Group PLC lifted its position in shares of 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 during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Comcast during the 4th quarter worth approximately $650,219,000. Mackenzie Financial Corp increased its stake in shares of Comcast by 7,838.2% during the 4th 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 in the last quarter. Vanguard Group Inc. increased its stake in shares of Comcast by 2.8% during the 2nd 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 in the last quarter. Finally, Capital International Investors increased its stake in shares of Comcast by 23.3% during the 3rd 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 in the last quarter. Institutional investors own 83.44% of the company’s stock.
CMCSA has been the topic of a number of research reports. BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 5th. Macquarie reissued a “buy” rating and set a $40.00 price target on shares of Comcast in a report on Thursday, December 7th. Pivotal Research restated a “buy” rating and issued a $50.00 price objective on shares of Comcast in a research report on Tuesday, December 19th. Buckingham Research raised their price objective on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Finally, Evercore ISI restated an “outperform” rating and issued a $48.00 price objective (up previously from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.25.
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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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