Comcast Corp. Sees Unusually Large Options Volume (CMCSA)
Shares of Comcast Corp. (NASDAQ:CMCSA) were the recipient of some unusual options trading on Friday. Stock traders bought 39,520 call options on the stock, Stock Ratings News reports. This represents an increase of approximately 182% compared to the average daily volume of 14,032 call options.
In other Comcast Corp. news, EVP Neil Smit unloaded 11,000 shares of Comcast Corp. stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $53.20, for a total value of $585,200.00. Following the sale, the executive vice president now directly owns 111,898 shares in the company, valued at approximately $5,952,974. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on CMCSA. Analysts at Barclays raised their price target on shares of Comcast Corp. from $53.00 to $58.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Comcast Corp. in a research note to investors on Tuesday. Finally, analysts at Thomson Reuters/Verus downgraded shares of Comcast Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $53.48.
Shares of Comcast Corp. (NASDAQ:CMCSA) traded up 1.13% on Friday, hitting $54.64. The stock had a trading volume of 9,767,565 shares. Comcast Corp. has a 1-year low of $38.31 and a 1-year high of $54.96. The stock has a 50-day moving average of $52.6 and a 200-day moving average of $47.42. The company has a market cap of $144.9 billion and a P/E ratio of 21.12.
Comcast Corp. (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $16.93 billion for the quarter, compared to the consensus estimate of $16.63 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that Comcast Corp. will post $2.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of 0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Comcast Corp.’s previous quarterly dividend of $0.20.
Comcast Corporation (NASDAQ:CMCSA) is a provider of entertainment, information and communications products and services.
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