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 Comcast 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 transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Comcast Trading Up 1.5 %

Shares of NASDAQ CMCSA opened at $43.19 on Friday. 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. The company’s fifty day moving average is $42.29 and its 200-day moving average is $40.17. The stock has a market cap of $165.27 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 1.61 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. Equities research analysts predict that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Macquarie lifted their price target on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Wells Fargo & Company upped their target price on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. KeyCorp upped their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus target price of $47.19.

Hedge Funds Weigh In On Comcast

A number of large investors have recently added to or reduced their stakes in CMCSA. Synovus Financial Corp boosted its position in shares of Comcast by 2.2% during the third quarter. Synovus Financial Corp now owns 154,036 shares of the cable giant’s stock worth $6,434,000 after buying an additional 3,323 shares during the period. Tidal Investments LLC lifted its stake in Comcast by 15.2% in the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after acquiring an additional 22,684 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after acquiring an additional 8,258,128 shares during the last quarter. World Investment Advisors LLC grew its stake in shares of Comcast by 904.0% during the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after acquiring an additional 229,192 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of Comcast by 0.6% in the third quarter. Sanctuary Advisors LLC now owns 763,784 shares of the cable giant’s stock valued at $33,202,000 after purchasing an additional 4,691 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

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.