Insider Selling: Comcast Co. (NASDAQ:CMCSA) President Sells 25,537 Shares of Stock

Comcast Co. (NASDAQ:CMCSA) President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Comcast Stock Performance

Comcast stock traded up $0.63 during mid-day trading on Friday, reaching $43.19. 9,556,899 shares of the company’s stock were exchanged, compared to its average volume of 19,568,174. The firm has a market capitalization of $165.27 billion, a PE ratio of 11.44, a P/E/G ratio of 1.61 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The business’s fifty day simple moving average is $42.23 and its 200 day simple moving average is $40.14. Comcast Co. has a one year low of $36.43 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 earnings per share. On average, sell-side analysts expect that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.87%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is 33.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CMCSA shares. KeyCorp upped their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $60.00 price objective on shares of Comcast in a research note on Tuesday, November 19th. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Macquarie boosted their price target on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Finally, Pivotal Research upped their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.19.

Institutional Trading of Comcast

A number of large investors have recently bought and sold shares of the company. Fairscale Capital LLC purchased a new position in Comcast in the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new position in Comcast in the 2nd quarter worth about $27,000. IAG Wealth Partners LLC boosted its stake in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the period. McClarren Financial Advisors Inc. lifted its holdings in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the third quarter valued at approximately $30,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

About Comcast

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.