Comcast Co. (NASDAQ:CMCSA) SVP Daniel C. Murdock sold 1,701 shares of Comcast stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $41.46, for a total transaction of $70,523.46. Following the sale, the senior vice president now directly owns 4,712 shares of the company’s stock, valued at $195,359.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Comcast stock traded up $0.62 during mid-day trading on Friday, hitting $42.31. The company’s stock had a trading volume of 20,904,603 shares, compared to its average volume of 18,319,858. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $189.21 billion, a PE ratio of 16.59, a P/E/G ratio of 1.17 and a beta of 1.12. Comcast Co. has a 12 month low of $32.08 and a 12 month high of $43.96.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The firm had revenue of $26.86 billion for the quarter, compared to analysts’ expectations of $27.27 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, equities analysts expect that Comcast Co. will post 3.02 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Tuesday, July 2nd. Comcast’s payout ratio is 32.94%.
Hedge funds have recently added to or reduced their stakes in the business. PDS Planning Inc purchased a new position in shares of Comcast during the first quarter valued at about $226,000. Resources Investment Advisors Inc. increased its position in shares of Comcast by 26.1% during the fourth quarter. Resources Investment Advisors Inc. now owns 5,395 shares of the cable giant’s stock valued at $184,000 after buying an additional 1,117 shares during the period. National Asset Management Inc. increased its position in shares of Comcast by 5.3% during the fourth quarter. National Asset Management Inc. now owns 55,899 shares of the cable giant’s stock valued at $1,906,000 after buying an additional 2,831 shares during the period. Haverford Trust Co. increased its position in shares of Comcast by 0.3% during the fourth quarter. Haverford Trust Co. now owns 3,110,244 shares of the cable giant’s stock valued at $105,904,000 after buying an additional 8,001 shares during the period. Finally, Lee Capital Holdings LLC increased its position in shares of Comcast by 352.0% during the fourth quarter. Lee Capital Holdings LLC now owns 27,000 shares of the cable giant’s stock valued at $919,000 after buying an additional 21,026 shares during the period. Hedge funds and other institutional investors own 82.63% of the company’s stock.
A number of research firms have recently issued reports on CMCSA. Guggenheim raised shares of Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price objective for the company in a report on Thursday, May 30th. BidaskClub raised shares of Comcast from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Nomura boosted their price target on shares of Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Macquarie raised shares of Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a research note on Tuesday, April 9th. Finally, Royal Bank of Canada downgraded shares of Comcast from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $45.00 to $42.00 in a research note on Friday, March 29th. Eight equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $43.68.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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