Traders Buy Shares of Comcast Corporation (CMCSA) on Weakness

Traders bought shares of Comcast Corporation (NASDAQ:CMCSA) on weakness during trading on Friday. $262.65 million flowed into the stock on the tick-up and $163.62 million flowed out of the stock on the tick-down, for a money net flow of $99.03 million into the stock. Of all stocks tracked, Comcast Corporation had the 6th highest net in-flow for the day. Comcast Corporation traded down ($0.91) for the day and closed at $36.16

Several research analysts have weighed in on CMCSA shares. Nomura dropped their target price on Comcast Corporation from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. KeyCorp reiterated a “neutral” rating on shares of Comcast Corporation in a research note on Sunday, September 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 price target on shares of Comcast Corporation in a research note on Wednesday, October 18th. UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. Finally, Argus upped their price target on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Comcast Corporation has a consensus rating of “Buy” and a consensus target price of $45.84.

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 company has a market cap of $173,260.00, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.91 and a beta of 1.00.

Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The firm had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter last year, the business posted $0.92 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. sell-side analysts forecast that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio is presently 29.72%.

In other Comcast Corporation news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the transaction, the director now owns 24,580 shares of the company’s stock, valued at $916,096.60. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of CMCSA. MPS Loria Financial Planners LLC bought a new position in shares of Comcast Corporation during the 2nd quarter worth about $107,000. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Comcast Corporation by 100.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after acquiring an additional 1,340 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of Comcast Corporation in the 3rd quarter worth about $104,000. Clear Perspective Advisors LLC raised its holdings in shares of Comcast Corporation 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 last quarter. Finally, First Bank & Trust raised its holdings in shares of Comcast Corporation 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 last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

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Comcast Corporation 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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