Investors Buy Shares of Comcast (CMCSA) on Weakness

Traders bought shares of Comcast Corporation (NASDAQ:CMCSA) on weakness during trading on Wednesday. $125.71 million flowed into the stock on the tick-up and $65.35 million flowed out of the stock on the tick-down, for a money net flow of $60.36 million into the stock. Of all companies tracked, Comcast had the 13th highest net in-flow for the day. Comcast traded down ($0.41) for the day and closed at $40.41

A number of analysts have recently issued reports on the company. Macquarie reaffirmed a “buy” rating and set a $40.00 target price on shares of Comcast in a research report on Thursday, December 7th. Barclays dropped their target price on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. Robert W. Baird reaffirmed an “outperform” rating on shares of Comcast in a research report on Wednesday, September 20th. Moffett Nathanson raised Comcast from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Tuesday, September 12th. They noted that the move was a valuation call. Finally, ValuEngine lowered Comcast from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the company. Comcast presently has an average rating of “Buy” and a consensus target price of $45.72.

The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The firm has a market cap of $190,596.38, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same period in the previous year, the company earned $0.92 earnings per share. Comcast’s quarterly revenue was down 1.6% on a year-over-year basis. research analysts anticipate that Comcast Corporation will post 2.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.55%. Comcast’s payout ratio is currently 30.36%.

In other Comcast news, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 593,556 shares of company stock valued at $22,958,411. 1.28% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Connecticut Wealth Management LLC raised its holdings in Comcast by 0.4% during the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after purchasing an additional 24 shares in the last quarter. Financial Consulate Inc. raised its holdings in Comcast by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after purchasing an additional 30 shares in the last quarter. Clarius Group LLC raised its holdings in Comcast by 0.4% during the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after purchasing an additional 32 shares in the last quarter. GM Advisory Group Inc. raised its holdings in Comcast by 0.9% during the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after purchasing an additional 48 shares in the last quarter. Finally, Peoples Bank OH raised its holdings in Comcast by 0.9% during the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 82.13% of the company’s stock.

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Comcast Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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