Daniel C. Murdock Sells 919 Shares of Comcast Co. (CMCSA) Stock

Share on StockTwits

Comcast Co. (NASDAQ:CMCSA) CAO Daniel C. Murdock sold 919 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $40.36, for a total value of $37,090.84. Following the completion of the transaction, the chief accounting officer now directly owns 3,453 shares in the company, valued at approximately $139,363.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of CMCSA traded down $0.14 during trading hours on Tuesday, reaching $39.78. The stock had a trading volume of 16,700,442 shares, compared to its average volume of 21,300,822. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.48. Comcast Co. has a 52 week low of $30.43 and a 52 week high of $40.52. The stock has a market cap of $185.41 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.21 and a beta of 1.10.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Wednesday, January 23rd. The cable giant reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The business had revenue of $27.85 billion during the quarter, compared to analysts’ expectations of $27.56 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. On average, equities research analysts expect that Comcast Co. will post 2.75 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be given a $0.21 dividend. The ex-dividend date is Tuesday, April 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.11%. This is a boost from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio is currently 29.80%.

A number of hedge funds have recently added to or reduced their stakes in CMCSA. Acima Private Wealth LLC bought a new position in Comcast during the 4th quarter worth about $25,000. Litman Gregory Asset Management LLC acquired a new position in shares of Comcast during the 4th quarter worth about $30,000. Ironwood Financial llc acquired a new position in shares of Comcast during the 4th quarter worth about $32,000. IMS Capital Management acquired a new position in shares of Comcast during the 3rd quarter worth about $38,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of Comcast during the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 80.05% of the company’s stock.

CMCSA has been the topic of a number of analyst reports. Wolfe Research initiated coverage on Comcast in a research note on Friday, December 7th. They issued an “outperform” rating on the stock. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. BidaskClub downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 5th. Macquarie reissued a “hold” rating and issued a $39.00 price target on shares of Comcast in a research note on Monday, December 24th. Finally, TD Securities increased their price target on Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 24th. Nine investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $43.76.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Zolmax and is the sole property of of Zolmax. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://zolmax.com/investing/daniel-c-murdock-sells-919-shares-of-comcast-co-cmcsa-stock/2975264.html.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

Featured Article: Why investors pay attention to retained earnings

Insider Buying and Selling by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

SnowGem Trading Down 11.6% Over Last 7 Days
SnowGem Trading Down 11.6% Over Last 7 Days
Target Coin  Reaches Market Cap of $655,197.00
Target Coin Reaches Market Cap of $655,197.00
Amon Price Up 8.3% Over Last 7 Days
Amon Price Up 8.3% Over Last 7 Days
Comparing Q.E.P.  & TOUGHBUILT INDU/SH
Comparing Q.E.P. & TOUGHBUILT INDU/SH
Head-To-Head Analysis: BERKELEY GRP HO/ADR  & PANALPINA WELTT/ADR
Head-To-Head Analysis: BERKELEY GRP HO/ADR & PANALPINA WELTT/ADR
Grafton Group plc  Given Consensus Rating of “Buy” by Brokerages
Grafton Group plc Given Consensus Rating of “Buy” by Brokerages


 
© 2006-2019 Zolmax.