Michael J. Cavanagh Sells 114,749 Shares of Comcast Co. (NASDAQ:CMCSA) Stock

Comcast Co. (NASDAQ:CMCSAGet Free Report) President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Comcast Trading Down 0.2 %

Shares of NASDAQ CMCSA opened at $46.54 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.70 and a current ratio of 0.60. Comcast Co. has a 52-week low of $34.63 and a 52-week high of $47.46. The firm has a 50 day moving average price of $43.50 and a two-hundred day moving average price of $43.90. The stock has a market cap of $187.33 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 1.02 and a beta of 1.01.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The firm had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. As a group, equities analysts forecast that Comcast Co. will post 4.32 EPS for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.31 per share. The ex-dividend date is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 2.66%. Comcast’s dividend payout ratio is 31.18%.

Institutional Investors Weigh In On Comcast

Several large investors have recently modified their holdings of the company. DT Investment Partners LLC boosted its stake in Comcast by 29.2% during the fourth quarter. DT Investment Partners LLC now owns 5,566 shares of the cable giant’s stock worth $260,000 after acquiring an additional 1,257 shares in the last quarter. Legend Financial Advisors Inc. boosted its stake in Comcast by 17.5% during the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after acquiring an additional 220 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in Comcast by 1.8% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 433,479 shares of the cable giant’s stock worth $19,008,000 after acquiring an additional 7,650 shares in the last quarter. MontVue Capital Management Inc. bought a new position in Comcast during the fourth quarter worth $225,000. Finally, J.W. Cole Advisors Inc. boosted its stake in Comcast by 27.5% during the fourth quarter. J.W. Cole Advisors Inc. now owns 60,717 shares of the cable giant’s stock worth $2,662,000 after acquiring an additional 13,090 shares in the last quarter. 82.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on CMCSA. Barclays cut their price objective on shares of Comcast from $47.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday, October 30th. Seaport Res Ptn reissued a “buy” rating on shares of Comcast in a report on Friday, October 6th. Wells Fargo & Company boosted their price objective on shares of Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Rosenblatt Securities upped their price target on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, December 22nd. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.95.

Check Out Our Latest Report on Comcast

Comcast Company Profile

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Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, advertising sales, and Sky channels.

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