Comcast SVP Lawrence J. Salva Unloads 19,721 Shares (CMCSA)
Comcast (NASDAQ:CMCSA) SVP Lawrence J. Salva sold 19,721 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $51.90, for a total transaction of $1,023,519.90. Following the completion of the sale, the senior vice president now directly owns 41,470 shares in the company, valued at approximately $2,152,293. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Comcast (NASDAQ:CMCSA) traded down 0.18% during mid-day trading on Friday, hitting $51.9767. 5,224,837 shares of the company’s stock traded hands. Comcast has a one year low of $38.75 and a one year high of $55.28. The stock’s 50-day moving average is $50.79 and its 200-day moving average is $50.93. The company has a market cap of $135.1 billion and a P/E ratio of 19.07. Comcast also saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 73,017,466 shares, a growth of 21.2% from the April 30th total of 60,226,553 shares. Approximately 3.4% of the company’s stock are sold short. Based on an average daily volume of 16,132,408 shares, the short-interest ratio is currently 4.5 days.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, April 22nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The company had revenue of $17.41 billion for the quarter, compared to the consensus estimate of $17.00 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts predict that Comcast will post $2.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Monday, June 30th.
CMCSA has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Comcast in a research note on Friday. They now have a $55.00 price target on the stock. Separately, analysts at Pacific Crest reiterated an “outperform” rating on shares of Comcast in a research note on Wednesday, April 23rd. They now have a $65.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Comcast in a research note on Wednesday, April 23rd. They now have a $66.00 price target on the stock. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Comcast currently has an average rating of “Buy” and an average target price of $59.50.
Comcast Corporation (NASDAQ:CMCSA) to residential and business customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.