Comcast Corporation (CMCSA) Sees Significant Increase in Short Interest

Comcast Corporation (NASDAQ:CMCSA) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 66,561,121 shares, an increase of 46.7% from the August 15th total of 45,374,628 shares. Based on an average daily volume of 13,168,524 shares, the short-interest ratio is presently 5.1 days. Approximately 1.4% of the company’s shares are sold short.

In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the sale, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.28% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. NewSquare Capital LLC grew its position in Comcast Corporation by 39.2% during the first quarter. NewSquare Capital LLC now owns 7,728 shares of the cable giant’s stock valued at $290,000 after buying an additional 2,178 shares during the period. Nisa Investment Advisors LLC grew its position in Comcast Corporation by 100.3% during the first quarter. Nisa Investment Advisors LLC now owns 1,741,378 shares of the cable giant’s stock valued at $65,458,000 after buying an additional 871,836 shares during the period. Quantitative Systematic Strategies LLC grew its position in Comcast Corporation by 224.7% during the first quarter. Quantitative Systematic Strategies LLC now owns 50,089 shares of the cable giant’s stock valued at $1,883,000 after buying an additional 34,661 shares during the period. Trust Department MB Financial Bank N A grew its position in Comcast Corporation by 276.5% during the first quarter. Trust Department MB Financial Bank N A now owns 3,686 shares of the cable giant’s stock valued at $139,000 after buying an additional 2,707 shares during the period. Finally, Lederer & Associates Investment Counsel CA grew its position in Comcast Corporation by 84.2% during the first quarter. Lederer & Associates Investment Counsel CA now owns 49,100 shares of the cable giant’s stock valued at $1,846,000 after buying an additional 22,450 shares during the period. Institutional investors own 82.02% of the company’s stock.

Shares of Comcast Corporation (CMCSA) opened at 37.96 on Thursday. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The company has a market cap of $178.92 billion, a P/E ratio of 19.12 and a beta of 1.01. The company’s 50 day moving average is $40.17 and its 200 day moving average is $39.19.

Comcast Corporation (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 earnings per share. On average, equities analysts predict that Comcast Corporation will post $2.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.66%. Comcast Corporation’s dividend payout ratio is currently 31.74%.

CMCSA has been the topic of a number of research analyst reports. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Barclays PLC set a $44.00 price objective on shares of Comcast Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Pivotal Research restated a “buy” rating and set a $48.00 price objective on shares of Comcast Corporation in a report on Tuesday, June 27th. ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $44.00 target price (up previously from $43.00) on shares of Comcast Corporation in a research report on Thursday, July 6th. Two equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $45.83.

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About Comcast Corporation

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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