Investors Sell Shares of Comcast (CMCSA) on Strength (CMCSA)

Investors sold shares of Comcast Co. (NASDAQ:CMCSA) on strength during trading hours on Wednesday. $69.71 million flowed into the stock on the tick-up and $174.20 million flowed out of the stock on the tick-down, for a money net flow of $104.49 million out of the stock. Of all equities tracked, Comcast had the 0th highest net out-flow for the day. Comcast traded up $0.70 for the day and closed at $39.06

CMCSA has been the topic of a number of recent analyst reports. BidaskClub raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, November 2nd. Atlantic Securities raised shares of Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price target on the stock in a report on Monday, August 6th. Oppenheimer reaffirmed a “market perform” rating and set a $42.00 price target on shares of Comcast in a report on Monday, September 24th. ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Barclays initiated coverage on shares of Comcast in a report on Tuesday, November 13th. They set an “overweight” rating and a $44.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $44.61.

The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $181.41 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 1.23 and a beta of 0.93.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. Comcast had a net margin of 27.33% and a return on equity of 15.79%. The company had revenue of $22.14 billion for the quarter, compared to analysts’ expectations of $21.75 billion. As a group, equities analysts expect that Comcast Co. will post 2.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Monday, December 31st. Comcast’s payout ratio is 36.89%.

In other Comcast news, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the sale, the executive vice president now owns 74,644 shares in the company, valued at approximately $2,648,369.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $35.94, for a total transaction of $38,887.08. Following the sale, the executive vice president now owns 62,476 shares in the company, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. IMA Wealth Inc. purchased a new position in shares of Comcast in the second quarter valued at $108,000. Acropolis Investment Management LLC purchased a new position in shares of Comcast in the third quarter valued at $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Comcast in the second quarter valued at $129,000. Signature Estate & Investment Advisors LLC purchased a new position in shares of Comcast in the third quarter valued at $149,000. Finally, Stelac Advisory Services LLC purchased a new position in shares of Comcast in the third quarter valued at $154,000. 80.10% of the stock is owned by institutional investors and hedge funds.

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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, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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