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.
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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