Comcast Co. (NASDAQ:CMCSA) EVP Arthur R. Block sold 2,471 shares of the business’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $35.60, for a total transaction of $87,967.60. Following the transaction, the executive vice president now owns 62,988 shares in the company, valued at approximately $2,242,372.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Comcast Co. (NASDAQ CMCSA) traded down $0.73 during trading hours on Tuesday, reaching $34.57. 20,893,472 shares of the company were exchanged, compared to its average volume of 26,745,154. Comcast Co. has a 52 week low of $34.55 and a 52 week high of $44.00. The stock has a market capitalization of $166,412.69, a price-to-earnings ratio of 7.25, a PEG ratio of 1.29 and a beta of 1.16. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company had revenue of $21.92 billion during the quarter, compared to analyst estimates of $21.83 billion. During the same period in the prior year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. sell-side analysts predict that Comcast Co. will post 2.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This is a positive change from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 2.20%. Comcast’s dividend payout ratio is 13.21%.
CMCSA has been the topic of a number of analyst reports. Scotiabank set a $52.00 price objective on shares of Comcast and gave the company a “buy” rating in a research report on Friday, January 19th. Evercore ISI restated an “outperform” rating and issued a $48.00 price target (up from $44.00) on shares of Comcast in a report on Tuesday, January 9th. Buckingham Research upped their price target on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Pivotal Research restated a “buy” rating and issued a $113.00 price target on shares of Comcast in a report on Wednesday, February 28th. Finally, TD Securities cut shares of Comcast from an “action list buy” rating to a “buy” rating and upped their price target for the stock from $42.60 to $51.00 in a report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $50.39.
Large investors have recently added to or reduced their stakes in the stock. Garde Capital Inc. purchased a new stake in shares of Comcast during the fourth quarter valued at about $206,000. Chemical Bank lifted its position in shares of Comcast by 34.8% during the fourth quarter. Chemical Bank now owns 23,878 shares of the cable giant’s stock valued at $956,000 after buying an additional 6,162 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Comcast by 4.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 201,689 shares of the cable giant’s stock valued at $8,078,000 after buying an additional 8,105 shares during the last quarter. Fairfield Bush & CO. lifted its position in shares of Comcast by 40.7% during the fourth quarter. Fairfield Bush & CO. now owns 26,973 shares of the cable giant’s stock valued at $1,080,000 after buying an additional 7,800 shares during the last quarter. Finally, Colonial Trust Advisors lifted its position in shares of Comcast by 46.2% during the fourth quarter. Colonial Trust Advisors now owns 139,985 shares of the cable giant’s stock valued at $5,607,000 after buying an additional 44,255 shares during the last quarter. 83.44% of the stock is owned by institutional investors.
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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