Comcast Corporation (NASDAQ:CMCSA - Get Free Report) was the recipient of unusually large options trading on Friday. Traders purchased 51,040 put options on the stock. This represents an increase of approximately 152% compared to the typical daily volume of 20,223 put options.
Comcast Stock Down 4.8%
Comcast stock traded down $1.71 during mid-day trading on Friday, reaching $33.66. The stock had a trading volume of 12,387,242 shares, compared to its average volume of 24,163,814. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The stock's 50-day simple moving average is $35.04 and its 200-day simple moving average is $35.27. The firm has a market capitalization of $125.67 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. Comcast's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share. On average, sell-side analysts forecast that Comcast will post 4.33 EPS for the current fiscal year.
Comcast Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.92%. Comcast's dividend payout ratio (DPR) is currently 32.43%.
Institutional Trading of Comcast
A number of hedge funds have recently bought and sold shares of CMCSA. Vanguard Personalized Indexing Management LLC raised its stake in shares of Comcast by 8.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 451,578 shares of the cable giant's stock valued at $16,117,000 after purchasing an additional 34,406 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of Comcast by 13.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 93,045 shares of the cable giant's stock worth $3,321,000 after buying an additional 10,684 shares during the last quarter. Matrix Asset Advisors Inc. NY raised its holdings in Comcast by 13.0% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 822,810 shares of the cable giant's stock worth $29,366,000 after purchasing an additional 94,769 shares during the period. Hemington Wealth Management raised its holdings in Comcast by 4.8% during the second quarter. Hemington Wealth Management now owns 8,063 shares of the cable giant's stock valued at $287,000 after acquiring an additional 368 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its holdings in Comcast by 5.5% during the second quarter. Fifth Third Wealth Advisors LLC now owns 64,125 shares of the cable giant's stock valued at $2,289,000 after acquiring an additional 3,356 shares during the period. 84.32% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
CMCSA has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. UBS Group set a $44.50 price objective on Comcast in a research report on Friday, April 25th. Benchmark reissued a "buy" rating on shares of Comcast in a research report on Friday, July 18th. Moffett Nathanson increased their price objective on Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, TD Cowen dropped their price objective on Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $41.10.
View Our Latest Stock Analysis on Comcast
About Comcast
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Comcast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comcast wasn't on the list.
While Comcast currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.