Comcast Co. (NASDAQ:CMCSA) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 60,527,780 shares, a growth of 9.1% from the April 28th total of 55,493,890 shares. Based on an average trading volume of 15,690,724 shares, the short-interest ratio is currently 3.9 days. Currently, 1.3% of the company’s shares are sold short.

In other news, EVP Arthur R. Block sold 7,053 shares of Comcast stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $37.47, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen B. Burke sold 258,380 shares of Comcast stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 980,498 shares in the company, valued at $38,229,617.02. The disclosure for this sale can be found here. Insiders sold a total of 367,312 shares of company stock worth $14,139,345 over the last quarter. 1.27% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in CMCSA. Vanguard Group Inc. raised its position in Comcast by 105.5% in the first quarter. Vanguard Group Inc. now owns 308,168,195 shares of the cable giant’s stock worth $11,584,042,000 after buying an additional 158,220,898 shares during the period. State Street Corp raised its position in Comcast by 97.6% in the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after buying an additional 98,570,377 shares during the period. FMR LLC raised its position in Comcast by 97.3% in the first quarter. FMR LLC now owns 98,107,570 shares of the cable giant’s stock worth $3,687,864,000 after buying an additional 48,376,061 shares during the period. Wellington Management Group LLP raised its position in Comcast by 91.2% in the first quarter. Wellington Management Group LLP now owns 87,354,659 shares of the cable giant’s stock worth $3,283,661,000 after buying an additional 41,671,920 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Comcast by 112.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 59,880,644 shares of the cable giant’s stock worth $2,250,912,000 after buying an additional 31,678,523 shares during the period. 82.03% of the stock is owned by institutional investors and hedge funds.

Comcast (NASDAQ:CMCSA) opened at 40.34 on Friday. The stock’s 50 day moving average price is $38.61 and its 200 day moving average price is $36.73. Comcast has a 1-year low of $30.02 and a 1-year high of $40.80. The company has a market cap of $191.71 billion, a P/E ratio of 21.40 and a beta of 1.07.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 27th. The cable giant reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The company had revenue of $20.46 billion during the quarter, compared to analysts’ expectations of $20.10 billion. Comcast had a return on equity of 15.30% and a net margin of 10.81%. Comcast’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 earnings per share. On average, equities analysts anticipate that Comcast will post $1.98 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 5th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, June 30th. Comcast’s dividend payout ratio is presently 30.81%.

Several equities analysts recently weighed in on CMCSA shares. Instinet raised their target price on shares of Comcast from $37.50 to $42.50 and gave the company a “buy” rating in a research note on Friday, January 27th. Robert W. Baird reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Comcast in a research report on Friday, April 7th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $42.50 price objective on shares of Comcast in a research report on Friday, April 7th. SunTrust Banks, Inc. initiated coverage on shares of Comcast in a research report on Tuesday, April 18th. They issued a “buy” rating and a $45.00 target price for the company. Finally, Evercore ISI reissued an “overweight” rating on shares of Comcast in a research report on Monday, February 27th. One investment analyst has rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Comcast has a consensus rating of “Buy” and an average target price of $43.35.

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About Comcast

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.

12 Month Chart for NASDAQ:CMCSA

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