Comcast Co. (NASDAQ:CMCSA) Director Kenneth J. Bacon Sells 4,000 Shares

Comcast Co. (NASDAQ:CMCSA) Director Kenneth J. Bacon sold 4,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the completion of the sale, the director now directly owns 29,603 shares in the company, valued at approximately $1,333,023.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of NASDAQ CMCSA traded down $0.06 during mid-day trading on Friday, reaching $46.35. The company had a trading volume of 10,775,115 shares, compared to its average volume of 14,765,342. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30. The stock has a market cap of $210.93 billion, a PE ratio of 18.18, a P/E/G ratio of 1.26 and a beta of 1.08. The company has a 50-day moving average price of $43.59 and a two-hundred day moving average price of $42.07. Comcast Co. has a 1-year low of $32.61 and a 1-year high of $46.62.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. The business had revenue of $26.86 billion for the quarter, compared to analysts’ expectations of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The company’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 EPS. On average, research analysts expect that Comcast Co. will post 3.09 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Archford Capital Strategies LLC boosted its position in Comcast by 6.2% during the second quarter. Archford Capital Strategies LLC now owns 4,134 shares of the cable giant’s stock valued at $175,000 after purchasing an additional 240 shares during the last quarter. Ironwood Investment Counsel LLC boosted its position in Comcast by 0.5% during the second quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock valued at $2,178,000 after purchasing an additional 243 shares during the last quarter. SevenBridge Financial Group LLC boosted its position in Comcast by 0.6% during the second quarter. SevenBridge Financial Group LLC now owns 41,429 shares of the cable giant’s stock valued at $1,752,000 after purchasing an additional 249 shares during the last quarter. Camarda Financial Advisors LLC boosted its position in Comcast by 8.1% during the first quarter. Camarda Financial Advisors LLC now owns 3,331 shares of the cable giant’s stock valued at $133,000 after purchasing an additional 250 shares during the last quarter. Finally, Intellectus Partners LLC boosted its position in Comcast by 2.8% during the second quarter. Intellectus Partners LLC now owns 9,113 shares of the cable giant’s stock valued at $385,000 after purchasing an additional 251 shares during the last quarter. Institutional investors and hedge funds own 82.85% of the company’s stock.

A number of research firms have recently commented on CMCSA. Pivotal Research reissued a “buy” rating and issued a $54.00 price objective on shares of Comcast in a research note on Wednesday, June 26th. BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research note on Thursday. Guggenheim raised Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price objective on the stock in a research note on Thursday, May 30th. Finally, Goldman Sachs Group raised Comcast from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $54.00 in a research note on Wednesday, July 10th. Five investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Comcast has a consensus rating of “Buy” and a consensus target price of $46.97.

About Comcast

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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