Comcast Short Interest Up 7.3% in July (CMCSA)
Comcast (NASDAQ:CMCSA) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 78,951,488 shares, an increase of 7.3% from the July 15th total of 73,561,641 shares, StockRatingsNetwork.com reports. Approximately 3.7% of the shares of the stock are short sold. Based on an average daily volume of 14,233,658 shares, the days-to-cover ratio is presently 5.5 days.
In other Comcast news, EVP Neil Smit sold 11,000 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $55.63, for a total value of $611,930.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
CMCSA has been the subject of a number of recent research reports. Analysts at Oppenheimer raised their price target on shares of Comcast from $58.00 to $62.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Comcast in a research note on Wednesday, July 23rd. They now have a $63.00 price target on the stock, up previously from $61.00. Finally, analysts at Jefferies Group raised their price target on shares of Comcast from $60.00 to $62.00 in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Comcast presently has an average rating of “Buy” and a consensus price target of $62.63.
Shares of Comcast (NASDAQ:CMCSA) traded up 0.47% during mid-day trading on Monday, hitting $53.75. The stock had a trading volume of 7,808,518 shares. Comcast has a 52 week low of $41.06 and a 52 week high of $56.49. The stock’s 50-day moving average is $54.08 and its 200-day moving average is $52.15. The company has a market cap of $139.1 billion and a P/E ratio of 18.84.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.03. The company had revenue of $16.84 billion for the quarter, compared to the consensus estimate of $16.99 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. On average, analysts predict that Comcast will post $2.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Monday, September 29th.
Comcast Corporation (NASDAQ:CMCSA) to residential and business customers.
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