Investors Buy Shares of Comcast (CMCSA) on Weakness on Insider Selling

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Investors purchased shares of Comcast Co. (NASDAQ:CMCSA) on weakness during trading on Thursday after an insider sold shares in the company. $121.89 million flowed into the stock on the tick-up and $54.23 million flowed out of the stock on the tick-down, for a money net flow of $67.66 million into the stock. Of all companies tracked, Comcast had the 15th highest net in-flow for the day. Comcast traded down ($0.14) for the day and closed at $42.43Specifically, SVP Daniel C. Murdock sold 845 shares of the stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $35.55, for a total transaction of $30,039.75. Following the completion of the sale, the senior vice president now owns 1,005 shares of the company’s stock, valued at approximately $35,727.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David L. Cohen sold 4,468 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $42.00, for a total transaction of $187,656.00. Following the sale, the executive vice president now directly owns 269,558 shares of the company’s stock, valued at approximately $11,321,436. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,290,226 shares of company stock worth $49,311,328. 1.31% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on CMCSA. BidaskClub raised shares of Comcast from a “hold” rating to a “buy” rating in a research report on Thursday. Nomura raised their price objective on Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Royal Bank of Canada cut Comcast from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $45.00 to $42.00 in a research note on Friday, March 29th. Macquarie upgraded Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 price objective on the stock in a research note on Tuesday, April 9th. Finally, ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $44.45.

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.48. The company has a market cap of $196.65 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.17 and a beta of 1.10.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $27.85 billion for the quarter, compared to analysts’ expectations of $27.56 billion. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. On average, sell-side analysts expect that Comcast Co. will post 2.84 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be paid a dividend of $0.21 per share. This is a boost from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s payout ratio is currently 32.94%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Comcast by 0.6% in the fourth quarter. BlackRock Inc. now owns 320,375,109 shares of the cable giant’s stock valued at $10,908,773,000 after purchasing an additional 1,855,378 shares during the last quarter. Dodge & Cox increased its position in shares of Comcast by 0.4% during the third quarter. Dodge & Cox now owns 132,526,363 shares of the cable giant’s stock worth $4,692,759,000 after acquiring an additional 509,730 shares during the period. FMR LLC increased its position in shares of Comcast by 3.9% during the fourth quarter. FMR LLC now owns 128,168,481 shares of the cable giant’s stock worth $4,364,136,000 after acquiring an additional 4,854,006 shares during the period. Geode Capital Management LLC increased its position in shares of Comcast by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock worth $2,165,450,000 after acquiring an additional 5,992,911 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Comcast by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 53,579,451 shares of the cable giant’s stock worth $1,824,544,000 after acquiring an additional 326,417 shares during the period. Institutional investors and hedge funds own 81.15% of the company’s stock.

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About Comcast (NASDAQ:CMCSA)

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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