Comcast Co. (NASDAQ:CMCSA) Short Interest Update

Comcast Co. (NASDAQ:CMCSA) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 66,797,296 shares, a decline of 3.8% from the March 29th total of 69,412,038 shares. Based on an average daily volume of 14,284,909 shares, the days-to-cover ratio is currently 4.7 days. Currently, 1.5% of the company’s stock are sold short.

In other Comcast news, EVP Stephen B. Burke sold 457,633 shares of Comcast stock in a transaction on Friday, April 26th. The stock was sold at an average price of $43.35, for a total transaction of $19,838,390.55. Following the completion of the transaction, the executive vice president now owns 1,078,189 shares in the company, valued at $46,739,493.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Daniel C. Murdock sold 919 shares of Comcast stock in a transaction on Monday, March 18th. The shares were sold at an average price of $40.36, for a total value of $37,090.84. Following the transaction, the chief accounting officer now owns 3,453 shares of the company’s stock, valued at approximately $139,363.08. The disclosure for this sale can be found here. Insiders have sold 1,050,544 shares of company stock worth $43,190,058 over the last 90 days. 1.35% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Comcast by 0.6% during the 4th quarter. BlackRock Inc. now owns 320,375,109 shares of the cable giant’s stock valued at $10,908,773,000 after buying an additional 1,855,378 shares during the last quarter. Dodge & Cox raised its stake in shares of Comcast by 0.4% during the 3rd quarter. Dodge & Cox now owns 132,526,363 shares of the cable giant’s stock valued at $4,692,759,000 after buying an additional 509,730 shares during the last quarter. FMR LLC raised its stake in shares of Comcast by 3.9% during the 4th quarter. FMR LLC now owns 128,168,481 shares of the cable giant’s stock valued at $4,364,136,000 after buying an additional 4,854,006 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Comcast by 1.8% during the 1st quarter. Wellington Management Group LLP now owns 123,004,427 shares of the cable giant’s stock valued at $4,917,718,000 after buying an additional 2,205,421 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Comcast by 0.7% during the 1st quarter. Geode Capital Management LLC now owns 64,130,347 shares of the cable giant’s stock valued at $2,559,939,000 after buying an additional 430,844 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on CMCSA shares. Credit Suisse Group reiterated a “buy” rating and set a $44.00 price objective on shares of Comcast in a research report on Tuesday, January 22nd. TD Securities boosted their price target on Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 24th. BidaskClub lowered Comcast from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Finally, Royal Bank of Canada lowered Comcast from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $45.00 to $42.00 in a report on Friday, March 29th. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Comcast has an average rating of “Buy” and an average price target of $44.65.

Shares of NASDAQ CMCSA traded up $0.51 during midday trading on Tuesday, hitting $43.29. The company’s stock had a trading volume of 11,429,602 shares, compared to its average volume of 18,884,217. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.73 and a current ratio of 0.73. Comcast has a 12-month low of $30.67 and a 12-month high of $43.96. The company has a market cap of $201.06 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.19 and a beta of 1.13.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.08. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The company had revenue of $26.86 billion for the quarter, compared to analysts’ expectations of $27.27 billion. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Comcast’s revenue was up 17.8% compared to the same quarter last year. Sell-side analysts predict that Comcast will post 2.93 earnings per share for the current year.

The business 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 $0.21 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.84 annualized dividend and a yield of 1.94%. Comcast’s dividend payout ratio (DPR) is presently 32.94%.

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Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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