Comcast Corp. (NASDAQ:CMCSA) EVP David L. Cohen sold 19,444 shares of the business’s stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $65.50, for a total value of $1,273,582.00. Following the completion of the sale, the executive vice president now directly owns 257,120 shares of the company’s stock, valued at $16,841,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Comcast Corp. (NASDAQ:CMCSA) opened at 65.12 on Friday. The firm has a market capitalization of $157.06 billion, a P/E ratio of 19.80 and a beta of 1.05. Comcast Corp. has a 52 week low of $52.34 and a 52 week high of $68.36. The firm’s 50-day moving average is $65.89 and its 200 day moving average is $64.30.
Comcast Corp. (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, July 27th. The cable giant reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The company earned $18.74 billion during the quarter, compared to analyst estimates of $19.11 billion. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.84 earnings per share. Equities research analysts forecast that Comcast Corp. will post $3.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, October 3rd. Comcast Corp.’s payout ratio is 33.43%.
Several analysts recently weighed in on the company. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $70.00 price objective on shares of Comcast Corp. in a report on Monday, July 11th. Telsey Advisory Group boosted their price objective on Comcast Corp. from $75.00 to $76.50 and gave the company an “outperform” rating in a report on Friday, August 19th. Barclays PLC reissued an “overweight” rating and issued a $69.00 price objective (up from $65.00) on shares of Comcast Corp. in a report on Sunday, July 10th. Pivotal Research boosted their price objective on Comcast Corp. from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, July 7th. Finally, Argus boosted their price objective on Comcast Corp. from $72.00 to $81.00 and gave the company a “buy” rating in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $72.00.
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Comcast Corp. by 0.9% in the second quarter. Vanguard Group Inc. now owns 145,614,334 shares of the cable giant’s stock worth $9,492,598,000 after buying an additional 1,297,292 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Comcast Corp. by 9.5% in the first quarter. Wellington Management Group LLP now owns 54,138,081 shares of the cable giant’s stock worth $3,306,753,000 after buying an additional 4,682,432 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Comcast Corp. by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 31,177,523 shares of the cable giant’s stock worth $2,032,387,000 after buying an additional 917,751 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Comcast Corp. by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 29,420,065 shares of the cable giant’s stock worth $1,917,895,000 after buying an additional 184,478 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of Comcast Corp. by 2.7% in the second quarter. BlackRock Fund Advisors now owns 28,901,279 shares of the cable giant’s stock worth $1,884,074,000 after buying an additional 748,545 shares in the last quarter. 82.22% of the stock is owned by institutional investors.
About Comcast Corp.