Economy

Comcast Corporation (NASDAQ:CMCSA) Closed Under Its 50 Day Average

Comcast Corporation (NASDAQ:CMCSA) Closed Under Its 50 Day Averageā€

In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, December 13th. The stock witnessed -5.96% declines, -6.09% declines and 2.38% gains for the 1-month, 3-month and 6-month period, respectively. Credit Suisse Ag holds 4.91M shares. Comcast Corporation (NASDAQ:CMCSA) recently traded as high as $38.46. It has outperformed by 12.26% the S&P500.

Marianas Fund Management Llc increased Comcast Corp New (CMCSA) stake by 107.88% reported in 2016Q4 SEC filing. The portion of a company's profit allocated to each outstanding share of common stock was $27.59 a share in the trailing twelve months. Gateway Investment Advisers LLC now owns 2,862,932 shares of the cable giant's stock worth $107,618,000 after buying an additional 1,394,212 shares during the period. The stock has a market cap of $177.76 billion, a price-to-earnings ratio of 19.000 and a beta of 1.01. Hedge funds and other institutional investors own 82.02% of the company's stock. About 6.18 million shares traded. It has outperformed by 7.70% the S&P500. The insider TAYLOR KEITH D sold $959,093. BLOCK ARTHUR R sold $762,193 worth of Comcast Corporation (NASDAQ:CMCSA) on Wednesday, March 22. Share performance for the month is now at -5.96%. The insider PAISLEY CHRISTOPHER B sold $219,695.

Investors bought shares of Comcast Corporation (NASDAQ:CMCSA) on weakness during trading hours on Monday.

Investors sentiment decreased to 1.01 in Q4 2016. The dividend yield was $1.63. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant's stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares during the period. Rothschild Ltd Liability Company invested 1.71% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). AMCX's asset turnover ratio is 0.62 and the company has financial leverage of 76.66. Fortaleza Asset Mgmt Inc has 13,415 shares. Rafferty Asset Management Ltd Limited Liability Company owns 14,413 shares or 0.05% of their U.S. portfolio. During the same quarter previous year, the business earned $0.83 earnings per share. State Board Of Administration Of Florida Retirement Systems reported 103,912 shares. (NASDAQ:EQIX). 720 are owned by Sandler Capital Mgmt. Fukoku Mutual Life Ins reported 10,440 shares. Horizon Services Limited Co owns 2.96% invested in Comcast Corporation (NASDAQ:CMCSA) for 90,485 shares. (NASDAQ:EQIX) for 689 shares. The ex-dividend date was Friday the 30th of June 2017. More interesting news about Equinix, Inc. Goldman Sachs Group, Inc. Comcast Corporation presently has an average rating of "Buy" and an average price target of $79.03. Jefferies maintained it with "Hold" rating and $440.0 target in Tuesday, September 5 report. The rating was upgraded by Rafferty on Monday, October 17 to "Buy". Wells Fargo upgraded Equinix, Inc. On Monday, June 27 the stock rating was maintained by Nomura with "Buy". On Wednesday, September 16 the stock rating was maintained by Wunderlich with "Buy". The rating was maintained by Piper Jaffray with "Buy" on Tuesday, May 30. Finally, Palisade Capital Management LLC NJ raised its holdings in Comcast Corporation by 456.5% during the 1st quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant's stock worth $2,218,587,000 after acquiring an additional 680,012 shares in the last quarter. It also increased its holding in Chicago Bridge & Iron Co N V (NYSE:CBI) by 118,400 shares in the quarter, for a total of 132,400 shares, and has risen its stake in Procter & Gamble Co (NYSE:PG).

Since March 20, 2017, it had 0 insider buys, and 6 selling transactions for $12.52 million activity.

Several analysts have released their opinion on Comcast Corporation (NASDAQ:CMCSA), with 18 analysts believing it is a strong buy. ValuEngine downgraded shares of Comcast Corporation from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. Therefore 81% are positive. Comcast Corporation announced a dividend that was paid on Wednesday July 26th, 2017. The rating was maintained by RBC Capital Markets with "Buy" on Friday, September 8. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. The firm earned "Outperform" rating on Thursday, April 28 by RBC Capital Markets. New York-based Hs Prns Ltd Liability Corporation has invested 5.25% in Comcast Corporation (NASDAQ:CMCSA). The third largest holder is Capital World Investors, which now holds $9.45 billion worth of this stock and that ownership represents almost 5.22% of its market capitalization. Finally, Morgan Stanley restated an "overweight" rating and set a $44.00 price objective (up previously from $43.00) on shares of Comcast Corporation in a research report on Thursday, July 6th. Its down 0.09, from 1.29 in 2016Q3. The shares were sold at an average price of $69.88, for a total value of $471,829.76. 123 funds opened positions while 431 raised stakes. Thompson Siegel & Walmsley Ltd Liability accumulated 1,948 shares. Cullinan Associate has 152,550 shares. Lansdowne Partners (Uk) Llp stated it has 21.37M shares.



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