Comcast Co. (NASDAQ:CMCSA) was the recipient of unusually large options trading activity on Friday. Investors purchased 15,373 call options on the company. This is an increase of 115% compared to the average volume of 7,147 call options.

In related news, EVP Stephen B. Burke sold 258,380 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total transaction of $10,074,236.20. Following the sale, the executive vice president now directly owns 980,498 shares of the company’s stock, valued at $38,229,617.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 7,053 shares of the stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $37.47, for a total transaction of $264,275.91. Following the sale, the executive vice president now directly owns 62,988 shares in the company, valued at $2,360,160.36. The disclosure for this sale can be found here. Insiders have sold 367,312 shares of company stock worth $14,139,345 over the last three months. 1.27% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMCSA. Blue Edge Capital LLC raised its position in Comcast by 100.0% in the first quarter. Blue Edge Capital LLC now owns 52,928 shares of the cable giant’s stock worth $1,990,000 after buying an additional 26,464 shares during the last quarter. D Orazio & Associates Inc. raised its position in Comcast by 97.1% in the first quarter. D Orazio & Associates Inc. now owns 3,032 shares of the cable giant’s stock worth $114,000 after buying an additional 1,494 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Comcast during the first quarter worth about $11,183,000. Bragg Financial Advisors Inc raised its position in Comcast by 108.2% in the first quarter. Bragg Financial Advisors Inc now owns 125,731 shares of the cable giant’s stock worth $4,726,000 after buying an additional 65,343 shares during the last quarter. Finally, FNY Managed Accounts LLC purchased a new position in Comcast during the first quarter worth about $139,000. 82.03% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on CMCSA. Royal Bank of Canada increased their price target on shares of Comcast from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Jefferies Group LLC increased their price objective on shares of Comcast from $40.00 to $43.00 and gave the company a “buy” rating in a report on Friday, January 27th. Credit Suisse Group AG increased their price objective on shares of Comcast from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday. Pivotal Research decreased their price objective on shares of Comcast to $48.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $47.00 price objective (up from $44.00) on shares of Comcast in a report on Saturday, April 29th. One equities research analyst has rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $43.35.

Comcast (NASDAQ:CMCSA) opened at 38.82 on Wednesday. Comcast has a 1-year low of $29.81 and a 1-year high of $40.62. The stock has a market capitalization of $184.49 billion, a P/E ratio of 20.59 and a beta of 1.07. The stock has a 50 day moving average of $38.23 and a 200 day moving average of $36.37.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 27th. The cable giant reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The firm had revenue of $20.46 billion for the quarter, compared to analyst estimates of $20.10 billion. Comcast had a return on equity of 15.30% and a net margin of 10.81%. Comcast’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. On average, analysts expect that Comcast will post $1.98 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 5th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Friday, June 30th. Comcast’s payout ratio is currently 30.81%.

ILLEGAL ACTIVITY WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/05/17/stock-traders-buy-large-volume-of-comcast-call-options-cmcsa.html.

Comcast Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

5 Day Chart for NASDAQ:CMCSA

Receive News & Ratings for Comcast Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Co. and related companies with MarketBeat.com's FREE daily email newsletter.