Comcast (CMCSA) to Repurchase $12 billion in Stock
Luis Castillo | April 14, 2017, 0:27
Comcast (CMCSA) to Repurchase $12 billion in Stock
On 2/14/2017 Lawrence J Salva, EVP, sold 3,121 with an average share price of $75.96 per share and the total transaction amounting to $237,071.16. Comcast Corp now has $178.50 billion valuation. Kistler Tiffany Companies LLC now owns 4,956 shares of the cable giant's stock worth $329,000 after buying an additional 17 shares during the last quarter. About shares traded. Comcast Corporation (NASDAQ:CMCSA) has risen 12.24% since September 6, 2016 and is uptrending. It has outperformed by 5.75% the S&P500.
Analysts' ultimate objective when projecting revenue is to determine the appropriate value for a stock. The company has market cap of $179.38 billion.
As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Comcast Corporation (NASDAQ:CMCSA). Therefore 80% are positive.
Previously on 2/22/2017, Barclays Capital reported about Comcast Corporation (NDAQ:CMCSA) lowered the target price from $79.00 to $40.00 that suggested an upside of 0.05%.
Price targets show what analysts believes a stock will be worth at the end of a certain time period.
22 analysts on average are expecting the company to report revenue of $20.62 Billion for the current quarter. As per Tuesday, December 8, the company rating was initiated by Nomura. Pivotal Research maintained Comcast Corporation (NASDAQ:CMCSA) on Tuesday, September 27 with "Buy" rating. Wunderlich reiterated a "buy" rating and set a $45.00 target price on shares of Comcast in a research note on Monday. Wells Fargo & Co reiterated an "outperform" rating and set a $42.50 target price on shares of Comcast in a report on Friday, April 7th.
Since October 11, 2016, it had 0 insider purchases, and 15 selling transactions for $22.10 million activity. Moreover, Saba Capital Management L.P. has 2.38% invested in the company for 1.52 million shares. BLOCK ARTHUR R also sold $264,281 worth of Comcast Corporation (NASDAQ:CMCSA) on Monday, March 20. (NASDAQ:CMCSA) opened at 37.29 on Thursday. During the same quarter past year, the company posted $0.81 EPS. CMCSA's profit will be $2.08 billion for 21.57 P/E if the $0.44 EPS becomes a reality. The cable giant reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.02.
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Investors sentiment increased to 0.96 in Q4 2016. Its up 0.88, from 1.52 in 2016Q3. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. 123 funds opened positions while 431 raised stakes. Gendell Jeffrey L owns 816,250 shares or 1.46% of their U.S. portfolio. 86,574 were accumulated by Adell Harriman And Carpenter.
Relative strength index (RSI-14) for Comcast Corporation (NASDAQ:CMCSA) is at 61.09. The average return on assets for companies in the same sector is 2.43. The ROA tells us exactly what earnings were made from the invested capital. In the last quarter, insiders sold 311,048 shares of company stock valued at $19,389,499. Following the completion of the transaction, the executive vice president now directly owns 122,807 shares of the company's stock, valued at approximately $9,308,770.60. Truepoint Inc. raised its position in Comcast by 0.5% in the third quarter. The stock's quarterly performance represents optimistic momentum of 6.37 percent. 44,455 are owned by Leavell Inv Management.
10/24/2016 - Comcast Corporation was upgraded to "outperform" by analysts at Macquarie. Parsec Fincl Mgmt reported 107,216 shares or 0.64% of all its holdings. Shareholders of record on Wednesday, April 5th will be issued a $0.1575 dividend. Delta Lloyd Nv reported 298,020 shares. It has a 36-month beta of 1.62, so you might be in for a bumpy ride. Synchrony Financial (NYSE:SYF) was raised too.
Among 20 analysts covering Comcast Corporation (NASDAQ:CMCSA), 16 have Buy rating, 0 Sell and 4 Hold. A high ROIC number typically reflects positively on company management while a low number typically reflects the opposite. The company now has an average rating of "Buy" and a consensus target price of $40.48. SKY was included in 210 notes of analysts from July 23, 2015. Also, the Hold rating count is 10 as of 04/12/17. The firm earned "Buy" rating on Wednesday, January 27 by Citigroup. As per Friday, August 19, the company rating was maintained by Telsey Advisory Group. The firm has "Buy" rating given on Wednesday, October 12 by UBS. The stock has "Neutral" rating by SunTrust on Wednesday, November 11. The rating was maintained by BNP Paribas on Wednesday, September 28 with "Outperform". About 306 shares traded. It is down 13.88% since September 2, 2016 and is uptrending. It has underperformed by 2.90% the S&P500.
Imagination Technologies Group PLC is a global technology firm engaged in intellectual property licensing activities.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.