Comcast Co. (NASDAQ:CMCSA) SVP Daniel C. Murdock sold 1,891 shares of Comcast stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $35.60, for a total transaction of $67,319.60. Following the completion of the sale, the senior vice president now owns 2,585 shares of the company’s stock, valued at $92,026. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Comcast Co. (CMCSA) traded down $0.73 during trading hours on Tuesday, hitting $34.57. 20,893,472 shares of the stock traded hands, compared to its average volume of 26,745,154. The firm has a market capitalization of $166,412.69, a P/E ratio of 7.25, a PEG ratio of 1.29 and a beta of 1.16. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. Comcast Co. has a 52 week low of $34.55 and a 52 week high of $44.00.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 earnings per share. sell-side analysts expect that Comcast Co. will post 2.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 2.20%. Comcast’s dividend payout ratio is 13.21%.
Several large investors have recently made changes to their positions in the company. Crewe Advisors LLC bought a new stake in shares of Comcast in the fourth quarter worth $102,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Comcast in the third quarter worth $104,000. Vigilant Capital Management LLC grew its stake in shares of Comcast by 474.2% in the fourth quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock worth $104,000 after purchasing an additional 2,134 shares during the last quarter. Clear Perspective Advisors LLC grew its stake in shares of Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after purchasing an additional 1,362 shares during the last quarter. Finally, MPS Loria Financial Planners LLC bought a new stake in shares of Comcast in the second quarter worth $107,000. Institutional investors own 83.44% of the company’s stock.
A number of research firms have recently weighed in on CMCSA. BidaskClub downgraded shares of Comcast from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 14th. Pivotal Research reiterated a “buy” rating and issued a $113.00 price target on shares of Comcast in a research report on Wednesday, February 28th. Macquarie downgraded shares of Comcast from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 28th. Guggenheim boosted their price objective on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, SunTrust Banks boosted their price objective on shares of Comcast to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $50.39.
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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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