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.
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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