Traders Buy Comcast (CMCSA) on Weakness

Investors bought shares of Comcast Corporation (NASDAQ:CMCSA) on weakness during trading hours on Friday. $175.92 million flowed into the stock on the tick-up and $87.43 million flowed out of the stock on the tick-down, for a money net flow of $88.49 million into the stock. Of all companies tracked, Comcast had the 5th highest net in-flow for the day. Comcast traded down ($0.16) for the day and closed at $42.44

CMCSA has been the topic of several research reports. Pivotal Research boosted their price target on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Barclays lowered their price target on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. KeyCorp reissued a “neutral” rating on shares of Comcast in a research report on Sunday, September 17th. Robert W. Baird reissued a “buy” rating and issued a $43.00 price target on shares of Comcast in a research report on Friday, November 17th. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $49.00 price target on shares of Comcast in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the company. Comcast presently has a consensus rating of “Buy” and an average target price of $46.15.

The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $198,354.83, a P/E ratio of 21.06, a P/E/G ratio of 1.87 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Zacks’ 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 analysts’ expectations of $21.05 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. analysts anticipate that Comcast Corporation will post 2.05 EPS for the current year.

The business also recently declared 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 is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.48%. Comcast’s dividend payout ratio is presently 30.36%.

In other news, EVP Arthur R. Block sold 5,630 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the sale, the executive vice president now owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. In the last three months, insiders sold 593,402 shares of company stock valued at $22,961,401. Corporate insiders own 1.28% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. MPS Loria Financial Planners LLC purchased a new stake in shares of Comcast in the 2nd quarter valued at $107,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Comcast in the 3rd quarter valued at $104,000. Clear Perspective Advisors LLC boosted its stake 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 valued at $106,000 after purchasing an additional 1,362 shares in the last quarter. First Bank & Trust boosted its position in Comcast by 84.9% during the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after buying an additional 1,302 shares during the period. Finally, Willingdon Wealth Management purchased a new stake in Comcast during the 3rd quarter valued at $133,000. 82.13% of the stock is owned by institutional investors.

WARNING: “Traders Buy Comcast (CMCSA) on Weakness” was posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://www.thelincolnianonline.com/2018/01/14/traders-buy-comcast-cmcsa-on-weakness-2.html.

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.

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply