Stock Traders Purchase High Volume of Comcast Corporation Call Options (CMCSA)
Comcast Corporation (NASDAQ:CMCSA) saw unusually large options trading activity on Thursday. Stock investors acquired 43,941 call options on the stock. This is an increase of approximately 443% compared to the average daily volume of 8,093 call options.
Shares of Comcast Corporation (CMCSA) opened at 38.21 on Friday. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The stock has a market capitalization of $180.10 billion, a price-to-earnings ratio of 19.25 and a beta of 1.01. The company has a 50-day moving average of $40.27 and a 200-day moving average of $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, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. Comcast Corporation’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 earnings per share. Equities research analysts anticipate that Comcast Corporation will post $2.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. 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 payout ratio is presently 31.74%.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the company’s 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 transaction, the senior vice president now owns 725 shares of the company’s stock, valued at approximately $28,717.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.28% of the company’s stock.
Large investors have recently bought and sold shares of the business. Patriot Financial Group Insurance Agency LLC boosted its holdings in Comcast Corporation by 100.0% in the 1st 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 during the last quarter. OLD Second National Bank of Aurora boosted its holdings in Comcast Corporation by 56.5% in the 1st 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 during the last quarter. Clear Perspective Advisors LLC boosted its holdings in Comcast Corporation by 100.1% in the 2nd 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 during the last quarter. First Bank & Trust boosted its holdings in Comcast Corporation by 84.9% in the 2nd 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 during the last quarter. Finally, Zions Bancorporation boosted its holdings in Comcast Corporation by 16.8% in the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares during the last quarter. Institutional investors own 82.02% of the company’s stock.
Several research firms have commented on CMCSA. ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird reissued a “buy” rating and set a $43.00 price objective on shares of Comcast Corporation in a report on Friday, September 1st. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Argus increased their price objective on shares of Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $42.00 to $46.00 in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price 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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