Comcast (NASDAQ:CMCSA) Shares Down 0.9% on Insider Selling

Comcast Co. (NASDAQ:CMCSAGet Free Report) fell 0.9% during trading on Friday following insider selling activity. The company traded as low as $38.25 and last traded at $38.34. 2,970,868 shares traded hands during trading, a decline of 85% from the average session volume of 20,401,303 shares. The stock had previously closed at $38.68.

Specifically, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now owns 2,000,000 shares in the company, valued at approximately $6,380,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CMCSA. Evercore ISI restated an “outperform” rating and set a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Friday, April 26th. Oppenheimer restated an “outperform” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Macquarie reduced their price target on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Finally, Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.33.

View Our Latest Stock Analysis on Comcast

Comcast Trading Down 0.4 %

The firm has a market capitalization of $151.22 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm’s 50-day simple moving average is $40.21 and its 200-day simple moving average is $42.04.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share. Analysts anticipate that Comcast Co. will post 4.21 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CMCSA. Luken Investment Analytics LLC increased its stake in shares of Comcast by 258.0% in the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after buying an additional 418 shares during the period. Steph & Co. increased its stake in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares during the period. Leith Wheeler Investment Counsel Ltd. increased its stake in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after buying an additional 475,675 shares during the period. OLD Point Trust & Financial Services N A purchased a new position in shares of Comcast in the fourth quarter worth $28,000. Finally, Pineridge Advisors LLC purchased a new position in shares of Comcast in the fourth quarter worth $32,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

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, sky-branded entertainment television networks, and advertising.

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