Comcast Co. (NASDAQ:CMCSA - Get Free Report) President Michael J. Cavanagh sold 25,537 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Comcast Stock Up 1.5 %
Comcast stock opened at $43.19 on Friday. The stock's 50 day moving average price is $42.29 and its 200 day moving average price is $40.17. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a market cap of $165.27 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS. On average, sell-side analysts predict that Comcast Co. will post 4.26 EPS for the current fiscal year.
Comcast Announces Dividend
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.87%. Comcast's payout ratio is 33.33%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on CMCSA. Benchmark restated a "buy" rating and set a $60.00 price target on shares of Comcast in a research note on Tuesday, November 19th. KeyCorp upped their price target on shares of Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Evercore ISI raised shares of Comcast to a "strong-buy" rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Macquarie raised their price target on Comcast from $40.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $47.19.
Read Our Latest Stock Report on CMCSA
Institutional Investors Weigh In On Comcast
A number of institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers grew its stake in Comcast by 236.7% in the 1st quarter. Cetera Investment Advisers now owns 1,112,440 shares of the cable giant's stock valued at $48,224,000 after acquiring an additional 782,029 shares during the last quarter. Cetera Advisors LLC grew its position in shares of Comcast by 71.0% in the first quarter. Cetera Advisors LLC now owns 198,430 shares of the cable giant's stock valued at $8,602,000 after purchasing an additional 82,357 shares during the last quarter. Cetera Advisor Networks LLC increased its stake in shares of Comcast by 1.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 666,020 shares of the cable giant's stock worth $28,872,000 after purchasing an additional 11,417 shares in the last quarter. SRN Advisors LLC raised its position in shares of Comcast by 5.1% during the 1st quarter. SRN Advisors LLC now owns 19,966 shares of the cable giant's stock worth $866,000 after purchasing an additional 962 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in Comcast by 3.0% in the 1st quarter. Quent Capital LLC now owns 16,795 shares of the cable giant's stock valued at $728,000 after buying an additional 485 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.
Comcast Company Profile
(
Get Free Report)
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
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