Comcast Co. (CMCSA) Short Interest Update

Comcast Co. (NASDAQ:CMCSA) saw a significant increase in short interest in March. As of March 29th, there was short interest totalling 69,412,038 shares, an increase of 4.5% from the March 15th total of 66,413,719 shares. Based on an average daily volume of 17,320,860 shares, the days-to-cover ratio is presently 4.0 days. Approximately 1.5% of the company’s shares are short sold.

NASDAQ CMCSA traded up $0.64 during trading on Friday, reaching $43.29. The company’s stock had a trading volume of 12,613,697 shares, compared to its average volume of 19,178,070. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $201.06 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.17 and a beta of 1.13. Comcast has a 12 month low of $30.43 and a 12 month high of $43.96.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $0.76 EPS for the quarter, beating the consensus estimate of $0.68 by $0.08. The company had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.27 billion. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. Equities analysts expect that Comcast will post 2.92 EPS for the current year.

Several brokerages have issued reports on CMCSA. TD Securities lifted their price target on shares of Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, April 29th. BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Credit Suisse Group reiterated a “buy” rating and issued a $44.00 price target on shares of Comcast in a research note on Tuesday, January 22nd. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Nomura lifted their price target on shares of Comcast from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $44.65.

In other news, EVP David L. Cohen sold 275,746 shares of Comcast stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $37.01, for a total transaction of $10,205,359.46. Following the transaction, the executive vice president now directly owns 650,656 shares of the company’s stock, valued at $24,080,778.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Stephen B. Burke sold 457,633 shares of Comcast stock in a transaction on Friday, April 26th. The stock was sold at an average price of $43.35, for a total transaction of $19,838,390.55. Following the transaction, the executive vice president now directly owns 1,078,189 shares in the company, valued at $46,739,493.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,751,481 shares of company stock worth $69,306,756. Insiders own 1.31% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Comcast by 0.6% in the 4th quarter. BlackRock Inc. now owns 320,375,109 shares of the cable giant’s stock valued at $10,908,773,000 after acquiring an additional 1,855,378 shares during the period. Dodge & Cox increased its position in Comcast by 0.4% in the 3rd quarter. Dodge & Cox now owns 132,526,363 shares of the cable giant’s stock valued at $4,692,759,000 after acquiring an additional 509,730 shares during the period. FMR LLC boosted its stake in shares of Comcast by 3.9% in the 4th quarter. FMR LLC now owns 128,168,481 shares of the cable giant’s stock valued at $4,364,136,000 after purchasing an additional 4,854,006 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Comcast by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock valued at $2,165,450,000 after purchasing an additional 5,992,911 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Comcast by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 53,579,451 shares of the cable giant’s stock valued at $1,824,544,000 after purchasing an additional 326,417 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

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Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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