Comcast Target of Unusually High Options Trading (NASDAQ:CMCSA)

view original post

Comcast Co. (NASDAQ:CMCSAGet Rating) was the target of unusually large options trading activity on Thursday. Stock investors purchased 35,995 call options on the stock. This is an increase of 36% compared to the typical daily volume of 26,421 call options.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research analyst reports. Cowen cut their target price on shares of Comcast from $60.00 to $51.00 in a research note on Friday, July 29th. JPMorgan Chase & Co. lowered shares of Comcast from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $52.00 to $45.00 in a research note on Friday, July 29th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. TheStreet lowered shares of Comcast from a “b-” rating to a “c+” rating in a research note on Friday, July 29th. Finally, Atlantic Securities lowered shares of Comcast from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $60.00 to $44.00 in a research note on Monday, August 15th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.75.

Hedge Funds Weigh In On Comcast

Several hedge funds have recently bought and sold shares of the company. Coston McIsaac & Partners purchased a new position in Comcast during the second quarter valued at approximately $63,000. Inscription Capital LLC grew its stake in Comcast by 189.7% during the second quarter. Inscription Capital LLC now owns 25,810 shares of the cable giant’s stock valued at $1,013,000 after acquiring an additional 16,900 shares in the last quarter. Tandem Investment Advisors Inc. grew its stake in Comcast by 6.5% during the second quarter. Tandem Investment Advisors Inc. now owns 1,317,204 shares of the cable giant’s stock valued at $51,687,000 after acquiring an additional 79,831 shares in the last quarter. Brown Advisory Inc. grew its stake in Comcast by 8.4% during the second quarter. Brown Advisory Inc. now owns 2,989,878 shares of the cable giant’s stock valued at $117,322,000 after acquiring an additional 231,651 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. lifted its position in Comcast by 70.3% during the second quarter. Hussman Strategic Advisors Inc. now owns 62,000 shares of the cable giant’s stock valued at $2,433,000 after purchasing an additional 25,600 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Comcast Price Performance

CMCSA opened at $32.70 on Thursday. The company has a market capitalization of $144.31 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 0.70 and a beta of 0.90. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $37.87 and a 200-day moving average price of $41.47. Comcast has a twelve month low of $32.68 and a twelve month high of $57.96.

Comcast (NASDAQ:CMCSAGet Rating) last posted its earnings results on Thursday, July 28th. The cable giant reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.09. The firm had revenue of $30.02 billion during the quarter, compared to the consensus estimate of $29.72 billion. Comcast had a net margin of 11.54% and a return on equity of 16.67%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.84 earnings per share. Equities analysts expect that Comcast will post 3.62 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.08 annualized dividend and a yield of 3.30%. Comcast’s dividend payout ratio is currently 35.29%.

Comcast Company Profile

(Get Rating)

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.

Featured Articles

Receive News & Ratings for Comcast Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Comcast and related companies with MarketBeat.com’s FREE daily email newsletter.