Comcast Co. (NASDAQ:CMCSA) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 62,597,770 shares, a decrease of 6.3% from the April 15th total of 66,797,296 shares. Based on an average trading volume of 16,358,032 shares, the short-interest ratio is presently 3.8 days. Approximately 1.4% of the shares of the company are sold short.
A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. TD Securities increased their target price on Comcast from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. KeyCorp increased their target price on Comcast from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Barclays increased their target price on Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, Morgan Stanley increased their target price on Comcast from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $44.65.
CMCSA opened at $42.73 on Friday. The company has a market capitalization of $199.62 billion, a P/E ratio of 16.76, a PEG ratio of 1.18 and a beta of 1.13. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.73 and a current ratio of 0.73. Comcast has a 1-year low of $30.67 and a 1-year high of $43.96.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. The business had revenue of $26.86 billion for the quarter, compared to analysts’ expectations of $27.27 billion. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The company’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. As a group, equities research analysts forecast that Comcast will post 2.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Tuesday, July 2nd. Comcast’s dividend payout ratio is currently 32.94%.
In other news, EVP Arthur R. Block sold 13,765 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $39.43, for a total transaction of $542,753.95. Following the completion of the transaction, the executive vice president now directly owns 68,878 shares of the company’s stock, valued at approximately $2,715,859.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Stephen B. Burke sold 457,633 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $43.35, for a total value of $19,838,390.55. Following the transaction, the executive vice president now directly owns 1,078,189 shares of the company’s stock, valued at $46,739,493.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 849,537 shares of company stock valued at $35,489,480. 1.35% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CMCSA. Princeton Global Asset Management LLC grew its holdings in Comcast by 8.7% during the 1st quarter. Princeton Global Asset Management LLC now owns 19,949 shares of the cable giant’s stock valued at $797,000 after buying an additional 1,589 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Comcast by 3.8% during the first quarter. Rehmann Capital Advisory Group now owns 18,013 shares of the cable giant’s stock worth $720,000 after purchasing an additional 655 shares during the last quarter. Hi Line Capital Management LLC boosted its holdings in shares of Comcast by 1.7% during the first quarter. Hi Line Capital Management LLC now owns 198,515 shares of the cable giant’s stock worth $7,937,000 after purchasing an additional 3,335 shares during the last quarter. Lowe Brockenbrough & Co. Inc. boosted its holdings in shares of Comcast by 1.3% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 202,350 shares of the cable giant’s stock worth $8,090,000 after purchasing an additional 2,675 shares during the last quarter. Finally, Cerebellum GP LLC boosted its holdings in shares of Comcast by 110.0% during the first quarter. Cerebellum GP LLC now owns 8,603 shares of the cable giant’s stock worth $344,000 after purchasing an additional 4,506 shares during the last quarter. Institutional investors and hedge funds own 80.01% of the company’s stock.
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Comcast Company Profile
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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