Comcast Co. (NASDAQ:CMCSA) SVP Sells $70,523.46 in Stock

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.

TRADEMARK VIOLATION NOTICE: This report was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright and trademark law. The original version of this report can be read at https://transcriptdaily.com/2019/06/15/comcast-co-nasdaqcmcsa-svp-sells-70523-46-in-stock.html.

About Comcast

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.

Further Reading: What is a Call Option?

Insider Buying and Selling by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.