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Shares of Comcast Corporation (CMCSA) Sees Large Outflow of Money

20 March, 2017, 23:50 | Author: Nadine Todd
  • Shares of Comcast Corporation (CMCSA) Sees Large Outflow of Money

Community Bank N.A. now owns 16,260 shares of the cable giant's stock worth $1,079,000 after buying an additional 56 shares during the period. Woodmont Investment Counsel LLC acquired a new position in shares of Comcast during the third quarter valued at $110,000. Finally, Penserra Capital Management LLC boosted its position in shares of Comcast by 100.0% in the third quarter. "3" told the company as a "Hold". Finally, Monetary Management Group Inc. raised its stake in shares of Comcast by 1.3% in the fourth quarter. Moreover, Shares of RF has an RSI of 48.25.

Shares of Comcast Co. (NASDAQ:CMCSA) opened at 37.46 on Friday. The company rocked its 52-Week High of $38.44 on Jan 26, 2017 and touched its 52-Week Low of $29.35 on Mar 24, 2016. The stock has a market capitalization of $177.64 billion, a price-to-earnings ratio of 20.99 and a beta of 1.07.

Comcast Corporation (NASDAQ:CMCSA)'s distance from 200 day simple moving average is 10.44 percent, its distance from 50 day simple moving average is 0.91 percent, while its distance from 20 day simple moving average is -0.25 percent.

Earnings estimate: "23" Analysts are saying that the company to report next quarterly earnings of $0.47 per share for period Quarter Ending_Jun-17. The returns on assets of firm also on noticeable level, it has ROA of 5%, which signifies how profitable a firm is relative to its total assets. The business earned $21 billion during the quarter, compared to the consensus estimate of $20.67 billion. In the last Quarter, CMCSA reported a surprise Earnings per Share of 0%. The company's quarterly revenue was up 9.2% compared to the same quarter a year ago. The annual sales growth for the past five year was 7.60%. Shareholders of record on Wednesday, April 5th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Monday, April 3rd. This represents a $0.63 annualized dividend and a yield of 1.68%.

Some 48% of Comcast's 22.5 million video subscribers - more than 10.8 million - were using X1 set-top boxes as of December 30, up from 30% a year earlier.

Let us view how analysts have ranked CMCSA in recent few months.

Average price target for Comcast Corporation (NASDAQ:CMCSA) stock is $41.87, according to consensus of 27 analysts. Overweight rating was given by "4" and Underweight rating was given by "0". Sometimes it may seem like it, but analysts don't just pull their price targets out of thin air.

Comcast Corporation (CMCSA) stock price ended its day with loss -0.58% and finalized at the price of $37.46. Buy rating has been given by 6 analysts to the company stock whereas 1 analyst given UNDERPERFORM rating to stock and 16 analysts given HOLD rating. The stock now has a consensus rating of "Buy" and an average target price of $39.88. The stock closed down 0.07 points or 0.19% at $37.68 with 13,028,309 shares getting traded. The sale was disclosed in a legal filing with the SEC, which is available at this link. The shares were sold at an average price of $37.62, for a total transaction of $1,241,460.00. Corporate insiders own 1.27% of the company's stock. The disclosure for this sale can be found here.

Other hedge funds also recently bought and sold shares of the company.

Comcast Corporation is a media and technology company.

Watson, 57, who joined Comcast as part of a cellular acquisition in the 1990s, assumes the new post as Comcast prepares to launch a wireless phone product this year, adding to its bundle of services.

Watson (pictured above) has served as COO of Comcast Cable since 2010.

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