Arthur R. Block Sells 6,700 Shares of Comcast Co. (CMCSA) Stock

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.

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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.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.29%. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is presently 13.21%.

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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About Comcast

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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