Comcast Director Joseph J. Collins Sells 8,996 Shares (CMCSA)
Comcast (NASDAQ:CMCSA) Director Joseph J. Collins sold 8,996 shares of Comcast stock on the open market in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $54.42, for a total transaction of $489,562.32. Following the completion of the sale, the director now directly owns 13,366 shares of the company’s stock, valued at approximately $727,378. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Comcast (NASDAQ:CMCSA) traded up 0.87% on Monday, hitting $54.65. The stock had a trading volume of 9,345,255 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 $54.25 and its 200-day moving average is $52.23. The company has a market cap of $141.4 billion and a P/E ratio of 19.08.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Comcast will post $2.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st 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, September 29th.
A number of analysts have recently weighed in on CMCSA shares. 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 given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $62.63.
Comcast Corporation (NASDAQ:CMCSA) to residential and business customers.
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