Comcast Co. (NASDAQ:CMCSA – Get Rating) saw some unusual options trading activity on Wednesday. Stock traders purchased 78,892 put options on the stock. This is an increase of 180% compared to the typical volume of 28,177 put options.
Comcast Stock Performance
NASDAQ:CMCSA opened at $30.74 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.88. The company has a fifty day moving average of $35.70 and a two-hundred day moving average of $40.38. The stock has a market capitalization of $135.66 billion, a PE ratio of 10.05, a P/E/G ratio of 0.64 and a beta of 0.97. Comcast has a fifty-two week low of $29.28 and a fifty-two week high of $57.96.
Get Comcast alerts:Comcast (NASDAQ:CMCSA – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The cable giant reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.10. The company had revenue of $30.02 billion during the quarter, compared to analysts' expectations of $29.72 billion. Comcast had a net margin of 11.54% and a return on equity of 16.67%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. As a group, research analysts forecast that Comcast will post 3.62 earnings per share for the current fiscal year.
Comcast Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Tuesday, October 4th. Comcast's dividend payout ratio (DPR) is 35.29%.Institutional Investors Weigh In On Comcast
A number of hedge funds have recently modified their holdings of CMCSA. Vanguard Group Inc. increased its position in Comcast by 0.7% during the first quarter. Vanguard Group Inc. now owns 399,364,773 shares of the cable giant's stock worth $18,698,259,000 after purchasing an additional 2,751,429 shares during the last quarter. FMR LLC increased its position in Comcast by 26.0% during the second quarter. FMR LLC now owns 98,277,592 shares of the cable giant's stock worth $3,856,414,000 after purchasing an additional 20,251,251 shares during the last quarter. Dodge & Cox increased its position in Comcast by 0.4% during the second quarter. Dodge & Cox now owns 85,157,816 shares of the cable giant's stock worth $3,341,593,000 after purchasing an additional 375,326 shares during the last quarter. Northern Trust Corp increased its position in Comcast by 0.5% during the second quarter. Northern Trust Corp now owns 50,045,135 shares of the cable giant's stock worth $1,963,772,000 after purchasing an additional 262,241 shares during the last quarter. Finally, Norges Bank acquired a new stake in Comcast during the fourth quarter worth about $2,507,025,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Raymond James restated a "hold" rating on shares of Comcast in a report on Friday, July 8th. Rosenblatt Securities reduced their price target on shares of Comcast from $40.00 to $38.00 and set a "neutral" rating for the company in a report on Monday, August 1st. Benchmark reduced their price target on shares of Comcast from $60.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, September 28th. JPMorgan Chase & Co. lowered shares of Comcast from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $52.00 to $45.00 in a report on Friday, July 29th. Finally, Barclays reduced their price target on shares of Comcast from $42.00 to $34.00 and set an "equal weight" rating for the company in a report on Thursday, September 29th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $48.48.
Comcast Company Profile
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
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