Comcast Co. (CMCSA) Short Interest Update

Comcast Co. (NASDAQ:CMCSA) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 86,194,053 shares, an increase of 33.8% from the January 12th total of 64,404,428 shares. Based on an average daily volume of 24,808,275 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.9% of the shares of the company are short sold.

Comcast (NASDAQ:CMCSA) traded up $0.38 during mid-day trading on Friday, reaching $38.57. 37,215,006 shares of the company were exchanged, compared to its average volume of 26,224,146. The stock has a market capitalization of $175,450.00, a P/E ratio of 8.07, a P/E/G ratio of 1.54 and a beta of 1.04. Comcast has a 52-week low of $34.78 and a 52-week high of $44.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $21.92 billion for the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share. analysts predict that Comcast will post 2.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio is 13.18%.

In other Comcast news, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen B. Burke sold 190,756 shares of Comcast stock in a transaction on Friday, January 26th. The shares were sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the transaction, the executive vice president now owns 1,214,811 shares in the company, valued at $51,641,615.61. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 784,158 shares of company stock worth $31,070,439. 1.28% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CMCSA. Vanguard Group Inc. lifted its stake in shares of Comcast by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after buying an additional 8,677,771 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Comcast by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock valued at $2,218,587,000 after buying an additional 680,012 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Comcast by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock valued at $2,041,312,000 after buying an additional 432,491 shares during the period. Capital International Investors lifted its stake in shares of Comcast by 23.3% during the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after buying an additional 6,467,802 shares during the period. Finally, Veritas Asset Management LLP lifted its stake in shares of Comcast by 3.7% during the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock valued at $1,277,358,000 after buying an additional 1,189,200 shares during the period. 82.15% of the stock is currently owned by institutional investors.

CMCSA has been the topic of a number of recent analyst reports. Moffett Nathanson reiterated a “buy” rating on shares of Comcast in a research note on Monday, October 16th. Pivotal Research reiterated a “buy” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, December 19th. Macquarie reiterated a “buy” rating and set a $40.00 price target on shares of Comcast in a research note on Thursday, December 7th. Buckingham Research initiated coverage on shares of Comcast in a research note on Monday, November 20th. They set a “buy” rating and a $48.00 price target on the stock. Finally, Robert W. Baird reiterated a “buy” rating and set a $43.00 price target on shares of Comcast in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $47.74.

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About Comcast

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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