Comcast Corp. (NASDAQ:CMCSA) EVP Arthur R. Block sold 1,023 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $65.75, for a total value of $67,262.25. Following the completion of the transaction, the executive vice president now directly owns 47,539 shares of the company’s stock, valued at $3,125,689.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Comcast Corp. (NASDAQ:CMCSA) opened at 67.30 on Friday. Comcast Corp. has a 52 week low of $52.34 and a 52 week high of $68.36. The company has a market capitalization of $162.32 billion, a PE ratio of 20.46 and a beta of 1.00. The stock has a 50 day moving average price of $66.37 and a 200-day moving average price of $63.64.
Comcast Corp. (NASDAQ:CMCSA) last issued its earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. The business had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $19.11 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts predict that Comcast Corp. will post $3.52 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be issued a dividend of $0.275 per share. The ex-dividend date is Monday, October 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 1.63%. Comcast Corp.’s payout ratio is 33.43%.
Large investors have recently modified their holdings of the stock. Allen Investment Management LLC boosted its stake in shares of Comcast Corp. by 9.4% in the first quarter. Allen Investment Management LLC now owns 1,164,888 shares of the cable giant’s stock worth $71,151,000 after buying an additional 100,472 shares during the last quarter. Gofen & Glossberg LLC IL boosted its stake in shares of Comcast Corp. by 0.5% in the second quarter. Gofen & Glossberg LLC IL now owns 674,704 shares of the cable giant’s stock worth $43,984,000 after buying an additional 3,403 shares during the last quarter. Grisanti Capital Management LLC boosted its stake in shares of Comcast Corp. by 87.3% in the second quarter. Grisanti Capital Management LLC now owns 205,065 shares of the cable giant’s stock worth $13,368,000 after buying an additional 95,590 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in shares of Comcast Corp. by 51.0% in the first quarter. First Republic Investment Management Inc. now owns 661,284 shares of the cable giant’s stock worth $40,390,000 after buying an additional 223,379 shares during the last quarter. Finally, Origin Asset Management LLP boosted its stake in shares of Comcast Corp. by 21.8% in the first quarter. Origin Asset Management LLP now owns 248,375 shares of the cable giant’s stock worth $15,171,000 after buying an additional 44,375 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on CMCSA shares. Telsey Advisory Group boosted their price target 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 reiterated an “overweight” rating and set a $69.00 target price (up previously from $65.00) on shares of Comcast Corp. in a report on Sunday, July 10th. Nomura upped their target price on Comcast Corp. from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, June 27th. Credit Suisse Group AG reiterated an “outperform” rating and set a $75.00 target price (up previously from $69.00) on shares of Comcast Corp. in a report on Monday, August 1st. Finally, Robert W. Baird reiterated an “outperform” rating and set a $67.00 target price on shares of Comcast Corp. in a report on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $71.87.
About Comcast Corp.
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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