Comcast Corporation Sees Unusually High Options Volume (CMCSA)

Comcast Corporation (NASDAQ:CMCSA) saw some unusual options trading on Wednesday. Stock traders acquired 17,930 put options on the company. This is an increase of 762% compared to the typical daily volume of 2,081 put options.

Comcast Corporation (CMCSA) traded up 0.78% on Tuesday, reaching $39.92. 13,555,186 shares of the company’s stock traded hands. The company’s 50 day moving average is $39.52 and its 200-day moving average is $38.63. The stock has a market cap of $188.16 billion, a price-to-earnings ratio of 20.11 and a beta of 1.01. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. During the same period in the previous year, the business posted $0.83 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts expect that Comcast Corporation will post $2.04 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.

CMCSA has been the subject of several recent research reports. Telsey Advisory Group upped their target price on shares of Comcast Corporation from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Credit Suisse Group upped their price objective on shares of Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Barclays PLC set a $44.00 price objective on shares of Comcast Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. Instinet restated a “buy” rating and issued a $43.00 price objective (down previously from $46.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Finally, Pivotal Research restated a “buy” rating and issued a $48.00 price objective on shares of Comcast Corporation in a research report on Tuesday, June 27th. Two investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.69.

In related news, EVP Stephen B. Burke sold 258,380 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total value of $10,074,236.20. Following the completion of the transaction, the executive vice president now owns 980,498 shares in the company, valued at approximately $38,229,617.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Sullivan Bruyette Speros & Blaney LLC increased its position in Comcast Corporation by 0.7% in the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 14,069 shares of the cable giant’s stock worth $548,000 after buying an additional 94 shares during the last quarter. Rovida Advisors Inc. purchased a new position in shares of Comcast Corporation during the second quarter valued at $43,676,000. Keybank National Association OH increased its position in shares of Comcast Corporation by 2.0% in the second quarter. Keybank National Association OH now owns 1,797,085 shares of the cable giant’s stock valued at $69,943,000 after buying an additional 34,560 shares in the last quarter. Veritas Asset Management LLP increased its position in shares of Comcast Corporation by 10.4% in the second quarter. Veritas Asset Management LLP now owns 32,006,173 shares of the cable giant’s stock valued at $1,245,680,000 after buying an additional 3,021,613 shares in the last quarter. Finally, DSAM Partners London Ltd increased its position in shares of Comcast Corporation by 3.6% in the second quarter. DSAM Partners London Ltd now owns 221,924 shares of the cable giant’s stock valued at $8,637,000 after buying an additional 7,698 shares in the last quarter. 82.32% of the stock is currently owned by institutional investors.

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About Comcast Corporation

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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