Michael Cavanagh Sells 57,947 Shares of Comcast (NASDAQ:CMCSA) Stock

Comcast Corporation (NASDAQ:CMCSA) CEO Michael Cavanagh sold 57,947 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. The trade was a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Comcast Price Performance

Shares of CMCSA stock opened at $31.57 on Friday. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $37.97. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm’s 50 day moving average is $29.28 and its 200-day moving average is $30.09. The firm has a market capitalization of $115.04 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 2.41 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The business had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. During the same quarter last year, the business posted $0.96 earnings per share. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is 24.58%.

Institutional Investors Weigh In On Comcast

Hedge funds have recently bought and sold shares of the company. Capital A Wealth Management LLC raised its stake in Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after buying an additional 436 shares during the period. Avalon Trust Co grew its stake in Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 624 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of Comcast in the second quarter worth about $29,000. Imprint Wealth LLC acquired a new stake in shares of Comcast during the third quarter worth about $26,000. Finally, Princeton Global Asset Management LLC lifted its holdings in shares of Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast News Summary

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast booked an estimated $800M in Super Bowl advertising revenue, a near-term revenue boost for its advertising and distribution businesses. Read More.
• Positive Sentiment: Company highlights renewed rural broadband buildouts — a growth/capex narrative that could expand subscriber reach and long-term broadband revenue. Read More.
• Positive Sentiment: PR push: a new Universal Theme Parks exhibition (in partnership with Comcast NBCUniversal) raises brand visibility and drives content/IP monetization opportunities. Read More.
• Positive Sentiment: Local network expansion: Comcast is adding footprint in the Lehigh Valley — incremental subscriber growth and service penetration in targeted markets. Read More.
• Neutral Sentiment: Market interest: Zacks notes Comcast is among the most-searched stocks recently, reflecting high investor attention but not a directional signal by itself. Read More.
• Neutral Sentiment: Momentum note: coverage flagged Comcast was on track for multi-day gains recently — useful context for traders but not a fundamental driver. Read More.
• Neutral Sentiment: Short-interest reporting appears to contain errors (reports show 0 shares and NaN changes), so current short-interest metrics are unreliable and should be treated with caution. (No reliable link available)
• Negative Sentiment: Insider sale: CEO Michael Cavanagh sold 57,947 shares (~8.5% reduction in his stake) at ~$32.66 per share; SEC filing may weigh on sentiment since large insider sales can signal liquidity needs or prompt investor caution. Read More.

Analyst Ratings Changes

CMCSA has been the subject of a number of research reports. UBS Group lowered their price objective on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Sanford C. Bernstein reduced their target price on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th. Benchmark dropped their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Comcast in a research note on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a report on Friday, January 9th. Ten analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.90.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.