Comcast Co. (CMCSA) Short Interest Up 9.1% in May
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.
TRADEMARK VIOLATION WARNING: “Comcast Co. (CMCSA) Short Interest Up 9.1% in May” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/05/26/comcast-co-cmcsa-short-interest-up-9-1-in-may.html.
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.
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.