Investors Buy Comcast (CMCSA) on Weakness After Insider Selling

Investors purchased shares of Comcast Corporation (NASDAQ:CMCSA) on weakness during trading on Thursday following insider selling activity. $77.42 million flowed into the stock on the tick-up and $37.82 million flowed out of the stock on the tick-down, for a money net flow of $39.60 million into the stock. Of all companies tracked, Comcast had the 6th highest net in-flow for the day. Comcast traded down ($0.12) for the day and closed at $40.29Specifically, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the sale, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The disclosure for this sale can be found here. Insiders have sold a total of 593,402 shares of company stock valued at $22,961,401 in the last ninety days. 1.28% of the stock is currently owned by corporate insiders.

Several brokerages recently commented on CMCSA. Macquarie reiterated a “buy” rating and set a $40.00 price target on shares of Comcast in a research note on Thursday, December 7th. Barclays dropped their price objective on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. Robert W. Baird restated an “outperform” rating on shares of Comcast in a research note on Wednesday, September 20th. Moffett Nathanson upgraded shares of Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, September 12th. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of Comcast from a “buy” rating to a “hold” rating in a research note 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 given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $45.72.

The company has a market cap of $188,867.08, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 1.94 and a beta of 1.01. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.157 per share. 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 1.57%. Comcast’s dividend payout ratio (DPR) is 30.36%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC acquired a new stake in shares of Comcast in the 3rd quarter worth about $104,000. Zions Bancorporation increased its holdings in shares of Comcast by 16.8% in the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after acquiring an additional 410 shares during the period. Clear Perspective Advisors LLC increased 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 acquiring an additional 1,362 shares during the period. MPS Loria Financial Planners LLC acquired a new stake in shares of Comcast in the 2nd quarter worth about $107,000. Finally, First Bank & Trust increased its holdings in shares of Comcast by 84.9% in the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares during the period. Hedge funds and other institutional investors own 82.13% of the company’s stock.

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About Comcast

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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