Brian L. Roberts Sells 234,464 Shares of Comcast Co. (NASDAQ:CMCSA) Stock

Comcast Co. (NASDAQ:CMCSA) CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Comcast Stock Up 1.5 %

Shares of NASDAQ CMCSA traded up $0.63 during trading on Friday, reaching $43.19. 9,556,899 shares of the stock were exchanged, compared to its average volume of 19,568,174. The company has a market capitalization of $165.27 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00. The business’s 50-day moving average price is $42.23 and its 200 day moving average price is $40.14. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a twelve month low of $36.43 and a twelve month 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 for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the company posted $1.08 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts forecast that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Institutional Trading of Comcast

A number of hedge funds and other institutional investors have recently made changes to their positions in CMCSA. Wilmington Savings Fund Society FSB lifted its stake in Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after purchasing an additional 8,258,128 shares during the last quarter. FMR LLC raised its holdings in shares of Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares during the period. AQR Capital Management LLC lifted its position in shares of Comcast by 92.1% in the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after buying an additional 4,182,525 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after buying an additional 2,885,370 shares during the last quarter. Finally, Darsana Capital Partners LP boosted its holdings in shares of Comcast by 26.7% in the 2nd quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after buying an additional 2,000,000 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CMCSA shares. KeyCorp lifted their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Pivotal Research lifted their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average target price of $47.19.

Comcast Company Profile

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.