Investors Buy Comcast (CMCSA) on Weakness

Investors purchased shares of Comcast Co. (NASDAQ:CMCSA) on weakness during trading on Friday. $269.82 million flowed into the stock on the tick-up and $134.63 million flowed out of the stock on the tick-down, for a money net flow of $135.19 million into the stock. Of all companies tracked, Comcast had the 5th highest net in-flow for the day. Comcast traded down ($0.29) for the day and closed at $39.79

Several equities analysts recently commented on CMCSA shares. Morgan Stanley increased their price objective on shares of Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Pivotal Research increased their price objective 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. TD Securities lowered shares of Comcast from an “action list buy” rating to a “buy” rating and increased their price objective for the company from $42.60 to $51.00 in a research report on Friday, January 12th. Barclays decreased their price objective on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Comcast in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $47.74.

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $184,810.00, a PE ratio of 18.95, a PEG ratio of 1.53 and a beta of 1.04.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $21.92 billion during the quarter, compared to analyst estimates of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. Comcast’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.89 EPS. equities analysts predict that Comcast Co. will post 2.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.91%. Comcast’s dividend payout ratio (DPR) is presently 30.00%.

In other news, EVP Stephen B. Burke sold 190,756 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the sale, the executive vice president now owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. 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 firm’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the sale, the executive vice president now directly owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold a total of 784,158 shares of company stock worth $31,070,439 in the last ninety days. Corporate insiders own 1.28% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CMCSA. Crewe Advisors LLC acquired a new stake in Comcast during the 4th quarter worth $102,000. Wealthcare Advisory Partners LLC acquired a new stake in Comcast during the 3rd quarter worth $104,000. Vigilant Capital Management LLC boosted its stake in Comcast by 474.2% during the 4th 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 boosted its stake in Comcast by 100.1% during the 2nd 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 acquired a new stake in Comcast during the 2nd quarter worth $107,000. 82.52% of the stock is currently owned by institutional investors and hedge funds.

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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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