Comcast Co. (NASDAQ:CMCSA) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 60,220,919 shares, a decrease of 10.8% from the February 15th total of 67,516,822 shares. Based on an average daily volume of 30,535,813 shares, the short-interest ratio is currently 2.0 days. Currently, 2.5% of the company’s stock are sold short.
A number of equities research analysts have recently weighed in on the stock. Nomura reissued a “neutral” rating and set a $42.00 price objective (down from $45.00) on shares of Comcast in a report on Thursday, January 18th. Scotiabank set a $52.00 price objective on shares of Comcast and gave the company a “buy” rating in a report on Friday, January 19th. BidaskClub lowered shares of Comcast from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Pivotal Research reissued a “buy” rating and set a $52.00 price objective on shares of Comcast in a report on Wednesday, January 24th. Finally, TD Securities boosted their price objective on shares of Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and a consensus price target of $50.39.
Shares of Comcast (NASDAQ:CMCSA) opened at $36.96 on Tuesday. Comcast has a 1-year low of $34.78 and a 1-year high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $171,660.00, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio is presently 30.00%.
In other news, EVP Stephen B. Burke sold 190,756 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the transaction, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at $51,641,615.61. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 915,605 shares of company stock worth $35,906,374. Insiders own 1.28% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in shares of Comcast during the 4th quarter worth about $102,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Comcast during the 3rd quarter worth about $104,000. Vigilant Capital Management LLC raised its position in shares of Comcast by 474.2% during the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock worth $104,000 after purchasing an additional 2,134 shares during the last quarter. Clear Perspective Advisors LLC raised its position in shares of Comcast by 100.1% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after purchasing an additional 1,362 shares during the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new position in shares of Comcast during the 2nd quarter worth about $107,000. 83.59% of the stock is currently owned by institutional investors and hedge funds.
Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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