Comcast Co. (NASDAQ:CMCSA) SVP Daniel C. Murdock sold 1,891 shares of the firm’s 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 in the company, valued at approximately $92,026. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Comcast stock traded down $0.88 during trading on Thursday, reaching $33.61. 9,159,560 shares of the company’s stock traded hands, compared to its average volume of 26,216,213. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $160,560.59, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 1.25 and a beta of 1.16. Comcast Co. has a 12-month low of $33.40 and a 12-month high of $44.00.
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 the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion for 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%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 earnings per share. analysts predict that Comcast Co. will post 2.52 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be given a $0.19 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a yield of 2.26%. Comcast’s payout ratio is 13.21%.
Several equities research analysts have commented on the stock. Guggenheim raised their price target on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Evercore ISI restated an “outperform” rating and issued a $48.00 price target (up previously from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Bank of America raised their price target on shares of Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. BidaskClub lowered shares of Comcast from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, Barclays set a $43.00 price target on shares of Comcast and gave the company a “buy” rating in a research note on Tuesday, January 23rd. One 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. Comcast presently has an average rating of “Buy” and an average target price of $50.39.
A number of institutional investors have recently bought and sold shares of the business. Clarius Group LLC boosted its stake in Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after purchasing an additional 32 shares during the period. GM Advisory Group Inc. boosted its stake in Comcast by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after purchasing an additional 48 shares during the period. Strategic Advisors LLC boosted its stake in Comcast by 0.5% in the 2nd quarter. Strategic Advisors LLC now owns 20,872 shares of the cable giant’s stock worth $812,000 after purchasing an additional 106 shares during the period. Roberts Glore & Co. Inc. IL boosted its stake in Comcast by 2.1% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 9,234 shares of the cable giant’s stock worth $359,000 after purchasing an additional 190 shares during the period. Finally, Balentine LLC boosted its stake in shares of Comcast by 1.5% during the 2nd quarter. Balentine LLC now owns 13,774 shares of the cable giant’s stock valued at $536,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 83.44% of the company’s stock.
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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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