Traders Buy Large Volume of Comcast Corp. Put Options (CMCSA)
Shares of Comcast Corp. (NASDAQ:CMCSA) were the target of unusually large options trading on Thursday. Stock investors bought 18,642 put options on the stock, American Banking and Market News reports. This is an increase of approximately 281% compared to the average daily volume of 4,894 put options.
In other Comcast Corp. news, EVP Neil Smit sold 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 of the company’s stock, valued at approximately $5,952,974. The sale was disclosed in a document filed 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 on Wednesday, February 5th. 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 on Tuesday, February 4th. Finally, analysts at Thomson Reuters/Verus downgraded shares of Comcast Corp. from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. 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 company currently has an average rating of “Buy” and an average target price of $53.48.
Comcast Corp. (NASDAQ:CMCSA) traded down 4.12% during mid-day trading on Thursday, hitting $52.965. The stock had a trading volume of 83,275,248 shares. Comcast Corp. has a 1-year low of $38.75 and a 1-year high of $55.28. The stock has a 50-day moving average of $53.08 and a 200-day moving average of $47.74. The company has a market cap of $140.5 billion and a price-to-earnings ratio of 21.59.
Comcast Corp. (NASDAQ:CMCSA) last released its earnings data on Monday, January 27th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts expect that Comcast Corp. will post $2.88 EPS 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 1.64%. 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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