Comcast Co. (NASDAQ:CMCSA) Chairman Brian L. Roberts sold 691,105 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $36.53, for a total transaction of $25,246,065.65. Following the transaction, the chairman now directly owns 1,717,788 shares of the company’s stock, valued at approximately $62,750,795.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Comcast Co. (CMCSA) opened at $35.83 on Friday. The firm has a market cap of $167,898.92, a PE ratio of 7.51, a P/E/G ratio of 1.31 and a beta of 1.16. Comcast Co. has a 52 week low of $34.78 and a 52 week high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The business had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. equities analysts expect that Comcast Co. will post 2.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.12%. This is a boost from Comcast’s previous quarterly dividend of $0.16. Comcast’s payout ratio is presently 13.21%.
A number of research firms have weighed in on CMCSA. BidaskClub lowered shares of Comcast from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Nomura reissued a “neutral” rating and set a $42.00 target price (down previously from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Scotiabank set a $52.00 target price on shares of Comcast and gave the stock a “buy” rating in a research report on Friday, January 19th. Pivotal Research reissued a “buy” rating and set a $52.00 target price on shares of Comcast in a research report on Wednesday, January 24th. Finally, TD Securities upped their price objective on shares of Comcast from $51.00 to $52.00 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 company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.39.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Crewe Advisors LLC bought a new stake in Comcast during the fourth quarter worth about $102,000. MPS Loria Financial Planners LLC bought a new stake in Comcast during the second quarter worth about $107,000. Vigilant Capital Management LLC grew its stake in Comcast by 474.2% during the fourth quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock worth $104,000 after buying an additional 2,134 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in Comcast during the third quarter worth about $104,000. Finally, Clear Perspective Advisors LLC grew its stake in Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after buying an additional 1,362 shares during the last quarter. 83.59% of the stock is currently owned by institutional investors and hedge funds.
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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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