Key Points
- Comcast CEO Michael Cavanagh sold 57,947 shares on Feb. 11 at an average price of $32.66, totaling $1,892,549.02 and reducing his stake by 8.52% to 622,336 shares, per an SEC filing.
- Comcast beat EPS estimates with $0.84 for the quarter (revenue $32.31B was slightly below consensus), declared a $0.33 quarterly dividend (4.2% yield), trades at a PE of 5.88, and carries a MarketBeat consensus rating of Hold with a $34.90 price target.
Comcast Corporation (NASDAQ:CMCSA - Get Free Report) CEO Michael Cavanagh sold 57,947 shares of the firm's stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Comcast Stock Down 0.8%
NASDAQ:CMCSA opened at $31.57 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a 50 day moving average of $29.28 and a 200-day moving average of $30.11. The firm has a market capitalization of $115.04 billion, a PE ratio of 5.88, a price-to-earnings-growth ratio of 2.43 and a beta of 0.81. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $37.97.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.09. The business had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The business's revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. Analysts predict that Comcast Corporation will post 4.33 EPS for the current year.
Comcast Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast's dividend payout ratio is currently 24.58%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on CMCSA shares. Morgan Stanley reduced their target price on shares of Comcast from $32.00 to $31.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 10th. Royal Bank Of Canada cut their price target on Comcast from $32.00 to $31.00 and set a "sector perform" rating on the stock in a report on Friday, January 16th. Pivotal Research downgraded Comcast from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 30th. TD Cowen lowered their target price on Comcast from $40.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, January 30th. Finally, Arete Research set a $23.00 target price on Comcast in a research note on Tuesday, January 6th. Ten investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Comcast has a consensus rating of "Hold" and a consensus price target of $34.90.
View Our Latest Stock Report on Comcast
Hedge Funds Weigh In On Comcast
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMCSA. Brighton Jones LLC raised its position in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after acquiring an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. grew its stake in shares of Comcast by 3.2% in the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant's stock worth $2,963,000 after purchasing an additional 2,593 shares during the last quarter. RFG Advisory LLC raised its holdings in shares of Comcast by 0.8% in the 2nd quarter. RFG Advisory LLC now owns 64,998 shares of the cable giant's stock worth $2,320,000 after purchasing an additional 510 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Comcast during the second quarter valued at approximately $168,000. Finally, Rosenberg Matthew Hamilton lifted its stake in Comcast by 99.2% during the second quarter. Rosenberg Matthew Hamilton now owns 8,470 shares of the cable giant's stock valued at $302,000 after purchasing an additional 4,218 shares during the last quarter. 84.32% of the stock is owned by institutional investors.
Comcast News Summary
Here are the key news stories impacting Comcast this week:
- Positive Sentiment: Comcast booked an estimated $800M in Super Bowl advertising revenue, a near-term revenue boost for its advertising and distribution businesses. Read More.
- Positive Sentiment: Company highlights renewed rural broadband buildouts — a growth/capex narrative that could expand subscriber reach and long-term broadband revenue. Read More.
- Positive Sentiment: PR push: a new Universal Theme Parks exhibition (in partnership with Comcast NBCUniversal) raises brand visibility and drives content/IP monetization opportunities. Read More.
- Positive Sentiment: Local network expansion: Comcast is adding footprint in the Lehigh Valley — incremental subscriber growth and service penetration in targeted markets. Read More.
- Neutral Sentiment: Market interest: Zacks notes Comcast is among the most-searched stocks recently, reflecting high investor attention but not a directional signal by itself. Read More.
- Neutral Sentiment: Momentum note: coverage flagged Comcast was on track for multi-day gains recently — useful context for traders but not a fundamental driver. Read More.
- Neutral Sentiment: Short-interest reporting appears to contain errors (reports show 0 shares and NaN changes), so current short-interest metrics are unreliable and should be treated with caution. (No reliable link available)
- Negative Sentiment: Insider sale: CEO Michael Cavanagh sold 57,947 shares (~8.5% reduction in his stake) at ~$32.66 per share; SEC filing may weigh on sentiment since large insider sales can signal liquidity needs or prompt investor caution. Read More.
About Comcast
(
Get Free Report)
Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.
NBCUniversal's assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.
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