Comcast Co. (NASDAQ:CMCSA) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 113,974 put options on the company. This is an increase of approximately 1,020% compared to the typical daily volume of 10,172 put options.
A number of equities research analysts have commented on the company. Guggenheim raised their price objective on Comcast from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Evercore ISI restated an “outperform” rating and set a $48.00 price objective (up from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Bank of America lifted their price target on Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, January 25th. BidaskClub lowered Comcast from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Finally, Buckingham Research initiated coverage on Comcast in a report on Monday, November 20th. They set a “buy” rating and a $48.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $50.39.
In other Comcast news, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares in the company, valued at approximately $2,678,726.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders sold a total of 915,605 shares of company stock worth $35,906,374 in the last three months. 1.28% of the stock is currently owned by company insiders.
Comcast (NASDAQ CMCSA) opened at $36.43 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $171,660.97, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. Comcast has a 1 year low of $34.78 and a 1 year high of $44.00.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The company had revenue of $21.92 billion for the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 EPS. equities analysts anticipate that Comcast will post 2.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.09%. Comcast’s payout ratio is currently 13.21%.
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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