Comcast Corporation Target of Unusually Large Options Trading (CMCSA)
Comcast Corporation (NASDAQ:CMCSA) was the recipient of unusually large options trading on Thursday. Traders purchased 17,896 put options on the stock. This represents an increase of approximately 209% compared to the typical daily volume of 5,783 put options.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 38.21 on Friday. The company has a market cap of $180.10 billion, a PE ratio of 19.25 and a beta of 1.01. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The firm’s 50-day moving average price is $40.27 and its 200-day moving average price is $39.17.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The firm 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 business’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. Equities analysts predict that Comcast Corporation will post $2.04 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.65%. Comcast Corporation’s dividend payout ratio is 31.74%.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the senior vice president now owns 725 shares in the company, valued at approximately $28,717.25. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.28% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of CMCSA. Patriot Financial Group Insurance Agency LLC grew its stake in Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after purchasing an additional 1,340 shares in the last quarter. OLD Second National Bank of Aurora grew its stake in Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock valued at $101,000 after purchasing an additional 973 shares in the last quarter. Zions Bancorporation grew its stake in Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares in the last quarter. Clear Perspective Advisors LLC grew its stake in Comcast Corporation by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares in the last quarter. Finally, First Bank & Trust grew its stake in Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares in the last quarter. Hedge funds and other institutional investors own 82.02% of the company’s stock.
Several analysts have issued reports on the company. ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird restated a “buy” rating and set a $43.00 price objective on shares of Comcast Corporation in a report on Friday, September 1st. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Argus boosted their price objective on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Guggenheim raised Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $42.00 to $46.00 in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Comcast Corporation presently has an average rating of “Buy” and a consensus price target of $45.83.
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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.
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