Short Interest in Comcast Corporation (CMCSA) Decreases By 7.5%
Comcast Corporation (NASDAQ:CMCSA) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 62,353,898 shares, a decrease of 7.5% from the November 15th total of 67,435,508 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 26,649,302 shares, the short-interest ratio is currently 2.3 days.
A number of research analysts recently weighed in on CMCSA shares. Moffett Nathanson restated a “buy” rating on shares of Comcast in a research report on Monday, October 16th. Robert W. Baird restated a “buy” rating and set a $43.00 price objective on shares of Comcast in a research report on Wednesday, October 4th. Pivotal Research increased their price objective on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Wells Fargo & Company restated a “buy” rating and set a $49.00 price objective on shares of Comcast in a research report on Monday, October 23rd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the stock. Comcast currently has a consensus rating of “Buy” and an average target price of $45.72.
In other news, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now owns 24,580 shares in the company, valued at $916,096.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares in the company, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
Comcast (CMCSA) opened at $38.58 on Thursday. Comcast has a 52 week low of $34.12 and a 52 week high of $42.18. The company has a market cap of $181,040.00, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.84 and a beta of 1.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. During the same period last year, the company posted $0.92 EPS. The business’s revenue was down 1.6% on a year-over-year basis. sell-side analysts anticipate that Comcast will post 2.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.63%. Comcast’s dividend payout ratio (DPR) is presently 29.72%.
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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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