Comcast Co. (NASDAQ:CMCSA) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 113,974 put options on the stock. This is an increase of 1,020% compared to the average volume of 10,172 put options.
In other news, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the transaction, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David N. Watson sold 131,447 shares of the stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $36.79, for a total value of $4,835,935.13. The disclosure for this sale can be found here. Insiders have sold a total of 915,605 shares of company stock worth $35,906,374 over the last three months. Insiders own 1.28% of the company’s stock.
A number of hedge funds have recently modified their holdings of CMCSA. Crewe Advisors LLC purchased a new position in shares of Comcast during the fourth quarter valued at about $102,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Comcast during the third quarter valued at about $104,000. Vigilant Capital Management LLC grew its position in shares of Comcast by 474.2% during the fourth quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after purchasing an additional 2,134 shares in the last quarter. Clear Perspective Advisors LLC grew its position in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares in the last quarter. Finally, MPS Loria Financial Planners LLC purchased a new position in shares of Comcast during the second quarter valued at about $107,000. Institutional investors and hedge funds own 83.59% of the company’s stock.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business had revenue of $21.92 billion during the quarter, compared to analyst estimates of $21.83 billion. During the same quarter in the prior year, the business posted $0.89 EPS. Comcast’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities analysts expect that Comcast will post 2.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Tuesday, April 3rd. This is a positive change from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio is presently 30.00%.
Several research firms have recently commented on CMCSA. Nomura restated a “neutral” rating and issued a $42.00 price objective (down from $45.00) on shares of Comcast in a research note on Thursday, January 18th. Scotiabank set a $52.00 price objective on Comcast and gave the stock a “buy” rating in a research note on Friday, January 19th. Pivotal Research restated a “buy” rating and issued a $52.00 price objective on shares of Comcast in a research note on Wednesday, January 24th. TD Securities upped their price objective on Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, BidaskClub lowered Comcast from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company. Comcast has an average rating of “Buy” and an average target price of $50.39.
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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