Comcast Co. (NASDAQ:CMCSA) SVP Daniel C. Murdock sold 1,694 shares of the firm’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $31.05, for a total transaction of $52,598.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Comcast stock traded up $1.50 during midday trading on Thursday, reaching $33.82. The stock had a trading volume of 42,625,621 shares, compared to its average volume of 27,019,104. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $44.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $148.62 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 1.15 and a beta of 1.19.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, April 25th. The cable giant reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Comcast had a net margin of 26.79% and a return on equity of 16.14%. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.74 billion. During the same quarter last year, the business posted $0.53 EPS. The company’s revenue was up 10.7% on a year-over-year basis. equities analysts forecast that Comcast Co. will post 2.49 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Crewe Advisors LLC purchased a new stake in Comcast in the 4th quarter worth approximately $102,000. Vigilant Capital Management LLC lifted its position in 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. Tower View Investment Management & Research LLC purchased a new stake in Comcast in the 4th quarter worth approximately $109,000. Global Trust Asset Management LLC purchased a new stake in Comcast in the 4th quarter worth approximately $126,000. Finally, Santori & Peters Inc. purchased a new stake in Comcast in the 4th quarter worth approximately $126,000. 81.92% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently commented on CMCSA shares. BidaskClub lowered shares of Comcast from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Macquarie lowered shares of Comcast from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 28th. Pivotal Research reiterated a “buy” rating and set a $113.00 price objective on shares of Comcast in a research note on Wednesday, February 28th. UBS Group reduced their target price on shares of Comcast from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, March 22nd. Finally, Cowen started coverage on shares of Comcast in a report on Monday, March 26th. They set a “market perform” rating and a $39.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $46.57.
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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