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.
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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.
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