Traders Buy Shares of Comcast (CMCSA) on Weakness on Analyst Downgrade

Traders purchased shares of Comcast Co. (NASDAQ:CMCSA) on weakness during trading hours on Monday after Nomura lowered their price target on the stock to $40.00. $130.49 million flowed into the stock on the tick-up and $57.67 million flowed out of the stock on the tick-down, for a money net flow of $72.82 million into the stock. Of all companies tracked, Comcast had the 6th highest net in-flow for the day. Comcast traded down ($0.17) for the day and closed at $33.95

A number of other brokerages also recently weighed in on CMCSA. Pivotal Research restated a “buy” rating and set a $52.00 price objective on shares of Comcast in a research report on Wednesday, January 24th. Instinet lowered Comcast from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $42.00 to $45.00 in a research report on Thursday, January 18th. SunTrust Banks boosted their price objective on Comcast to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Guggenheim boosted their price objective on Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, TD Securities boosted their price objective on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $47.08.

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In other news, EVP Arthur R. Block sold 6,358 shares of the company’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $33.69, for a total transaction of $214,201.02. Following the completion of the sale, the executive vice president now owns 72,758 shares in the company, valued at approximately $2,451,217.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 358,353 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $36.89, for a total value of $13,219,642.17. Following the sale, the chief executive officer now owns 1,717,788 shares of the company’s stock, valued at approximately $63,369,199.32. The disclosure for this sale can be found here. Insiders have sold 1,399,951 shares of company stock worth $52,377,633 over the last three months. 1.28% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Crewe Advisors LLC acquired a new position in shares of Comcast in the 4th quarter worth approximately $102,000. MPS Loria Financial Planners LLC acquired a new position in shares of Comcast in the 2nd quarter worth approximately $107,000. Vigilant Capital Management LLC raised its holdings in shares of Comcast by 474.2% in the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock worth $104,000 after buying an additional 2,134 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of Comcast in the 3rd quarter worth approximately $104,000. Finally, Clear Perspective Advisors LLC raised its holdings in shares of Comcast by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after buying an additional 1,362 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

The stock has a market capitalization of $158,470.56, a P/E ratio of 16.48, a P/E/G ratio of 1.25 and a beta of 1.17. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. During the same period last year, the company earned $0.89 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. equities analysts forecast that Comcast Co. will post 2.48 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is presently 36.89%.

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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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