Comcast (NASDAQ:CMCSA) Shares Down 1%

Comcast Co. (NASDAQ:CMCSAGet Free Report) shares fell 1% on Tuesday . The stock traded as low as $37.96 and last traded at $38.40. 3,380,706 shares changed hands during trading, a decline of 83% from the average session volume of 20,168,914 shares. The stock had previously closed at $38.79.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CMCSA. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Monday, May 13th. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Oppenheimer restated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $48.83.

Get Our Latest Stock Analysis on CMCSA

Comcast Trading Down 1.1 %

The stock has a market capitalization of $150.47 billion, a P/E ratio of 10.16, a PEG ratio of 0.97 and a beta of 1.00. The stock’s fifty day moving average price is $39.35 and its 200 day moving average price is $41.80. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the prior year, the firm earned $0.92 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts forecast that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $6,380,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CMCSA. Luken Investment Analytics LLC boosted its holdings in 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 acquiring an additional 418 shares in the last quarter. Steph & Co. raised 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 purchasing an additional 371 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares during the period. OLD Point Trust & Financial Services N A purchased a new stake in Comcast in the fourth quarter valued at approximately $28,000. Finally, Pineridge Advisors LLC acquired a new position in Comcast in the 4th quarter worth approximately $32,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

About Comcast

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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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