Daniel C. Murdock Sells 3,659 Shares of Comcast Corporation (CMCSA) Stock
Comcast Corporation (NASDAQ:CMCSA) SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, the senior vice president now directly owns 725 shares of the company’s stock, valued at $28,717.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Comcast Corporation (NASDAQ:CMCSA) traded up 0.78% on Tuesday, reaching $39.92. The company’s stock had a trading volume of 13,626,153 shares. The firm’s 50-day moving average price is $39.52 and its 200-day moving average price is $38.63. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The stock has a market cap of $188.16 billion, a price-to-earnings ratio of 20.11 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. On average, equities analysts expect that Comcast Corporation will post $2.04 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.58%. Comcast Corporation’s dividend payout ratio is presently 31.74%.
Several hedge funds have recently modified their holdings of the stock. Boston Partners increased its stake in shares of Comcast Corporation by 140.7% in the first quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock valued at $626,233,000 after buying an additional 9,739,468 shares in the last quarter. 3G Capital Partners LP boosted its position in shares of Comcast Corporation by 1,333.1% in the fourth quarter. 3G Capital Partners LP now owns 838,000 shares of the cable giant’s stock valued at $57,864,000 after buying an additional 779,525 shares during the last quarter. Israel Discount Bank of New York GFN acquired a new position in shares of Comcast Corporation during the fourth quarter valued at $394,000. First Citizens Bank & Trust Co. boosted its position in shares of Comcast Corporation by 77.1% in the first quarter. First Citizens Bank & Trust Co. now owns 170,680 shares of the cable giant’s stock valued at $6,416,000 after buying an additional 74,290 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in shares of Comcast Corporation by 101.7% in the first quarter. Whittier Trust Co. now owns 288,578 shares of the cable giant’s stock valued at $10,847,000 after buying an additional 145,515 shares during the last quarter. Institutional investors own 82.32% of the company’s stock.
CMCSA has been the subject of several research reports. Telsey Advisory Group lifted their target price on Comcast Corporation from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Credit Suisse Group lifted their target price on Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Barclays PLC set a $44.00 target price on Comcast Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Instinet reissued a “buy” rating and issued a $43.00 target price (down from $46.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Finally, Pivotal Research reissued a “buy” rating and issued a $48.00 target price on shares of Comcast Corporation in a research note on Tuesday, June 27th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $45.69.
Comcast Corporation 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.
Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with MarketBeat.com's FREE daily email newsletter.