David L. Cohen Sells 19,444 Shares of Comcast Corp. (CMCSA) Stock
Comcast Corp. (NASDAQ:CMCSA) EVP David L. Cohen sold 19,444 shares of the business’s stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $65.50, for a total value of $1,273,582.00. Following the completion of the sale, the executive vice president now directly owns 257,120 shares of the company’s stock, valued at $16,841,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Comcast Corp. (NASDAQ:CMCSA) opened at 65.12 on Friday. The firm has a market capitalization of $157.06 billion, a P/E ratio of 19.80 and a beta of 1.05. Comcast Corp. has a 52 week low of $52.34 and a 52 week high of $68.36. The firm’s 50-day moving average is $65.89 and its 200 day moving average is $64.30.
Comcast Corp. (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, July 27th. The cable giant reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The company earned $18.74 billion during the quarter, compared to analyst estimates of $19.11 billion. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.84 earnings per share. Equities research analysts forecast that Comcast Corp. will post $3.52 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, October 3rd. Comcast Corp.’s payout ratio is 33.43%.
Several analysts recently weighed in on the company. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $70.00 price objective on shares of Comcast Corp. in a report on Monday, July 11th. Telsey Advisory Group boosted their price objective on Comcast Corp. from $75.00 to $76.50 and gave the company an “outperform” rating in a report on Friday, August 19th. Barclays PLC reissued an “overweight” rating and issued a $69.00 price objective (up from $65.00) on shares of Comcast Corp. in a report on Sunday, July 10th. Pivotal Research boosted their price objective on Comcast Corp. from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, July 7th. Finally, Argus boosted their price objective on Comcast Corp. from $72.00 to $81.00 and gave the company a “buy” rating in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $72.00.
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Comcast Corp. by 0.9% in the second quarter. Vanguard Group Inc. now owns 145,614,334 shares of the cable giant’s stock worth $9,492,598,000 after buying an additional 1,297,292 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Comcast Corp. by 9.5% in the first quarter. Wellington Management Group LLP now owns 54,138,081 shares of the cable giant’s stock worth $3,306,753,000 after buying an additional 4,682,432 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Comcast Corp. by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 31,177,523 shares of the cable giant’s stock worth $2,032,387,000 after buying an additional 917,751 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Comcast Corp. by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 29,420,065 shares of the cable giant’s stock worth $1,917,895,000 after buying an additional 184,478 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of Comcast Corp. by 2.7% in the second quarter. BlackRock Fund Advisors now owns 28,901,279 shares of the cable giant’s stock worth $1,884,074,000 after buying an additional 748,545 shares in the last quarter. 82.22% of the stock is owned by institutional investors.
About Comcast Corp.
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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