Stock Traders Buy Large Volume of Comcast Call Options (CMCSA)
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%.
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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.
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