Comcast Corporation’s Stock Is Buy After Today’s Bullish Options Activity

 Comcast Corporation's Stock Is Buy After Today's Bullish Options Activity

In today’s session Comcast Corporation (CMCSA) registered an unusually high (931) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious CMCSA increase. With 931 contracts traded and 53584 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: CMCSA161021C00065000 closed last at: $1.69 or 2.9% down. About 7.27M shares traded hands. Comcast Corporation (NASDAQ:CMCSA) has risen 11.77% since March 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.

Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on October, 25. They expect $0.92 earnings per share, up 15.00% or $0.12 from last year’s $0.8 per share. CMCSA’s profit will be $2.21B for 17.90 P/E if the $0.92 EPS becomes a reality. After $0.83 actual earnings per share reported by Comcast Corporation for the previous quarter, Wall Street now forecasts 10.84% EPS growth.

Comcast Corporation (NASDAQ:CMCSA) Ratings Coverage

Out of 15 analysts covering Comcast Corporation (NASDAQ:CMCSA), 11 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 73% are positive. $90 is the highest target while $61.0 is the lowest. The $71.22 average target is 8.14% above today’s ($65.86) stock price. Comcast Corporation has been the topic of 31 analyst reports since July 27, 2015 according to StockzIntelligence Inc. On Thursday, April 28 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Outperform” rating given by RBC Capital Markets on Monday, July 27. UBS maintained Comcast Corporation (NASDAQ:CMCSA) on Friday, July 24 with “Buy” rating. RBC Capital Markets maintained the shares of CMCSA in a report on Wednesday, October 28 with “Outperform” rating. Telsey Advisory Group maintained it with “Outperform” rating and $76.50 target price in Friday, August 19 report. As per Wednesday, November 11, the company rating was initiated by Suntrust Robinson. Argus Research upgraded it to “Buy” rating and $72 target price in Friday, February 5 report. The rating was maintained by Nomura with “Buy” on Monday, June 27. The firm has “Outperform” rating by Credit Suisse given on Wednesday, January 6. Wunderlich maintained it with “Buy” rating and $78.0 target price in Wednesday, September 16 report.

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.07, from 1.01 in 2016Q1. The ratio worsened, as 62 funds sold all Comcast Corporation shares owned while 488 reduced positions. 82 funds bought stakes while 436 increased positions. They now own 1.91 billion shares or 3.22% less from 1.97 billion shares in 2016Q1.
Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt, a Alberta – Canada-based fund reported 101,500 shares. Lee Danner & Bass has invested 0.38% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Altavista Wealth Management has 9,760 shares for 0.35% of their US portfolio. Fincl Professionals owns 47 shares or 0% of their US portfolio. Northstar Incorporated last reported 4,149 shares in the company. Timucuan Asset Mgmt Fl has 1.12M shares for 6.71% of their US portfolio. Apg Asset Mgmt Nv last reported 1.2% of its portfolio in the stock. Howland Cap Mgmt Ltd Liability Co accumulated 0.11% or 18,159 shares. Piershale Fin Grp Inc Inc, a Illinois-based fund reported 111 shares. Numeric Investors Limited Com, a Massachusetts-based fund reported 2.85M shares. The Oklahoma-based Bokf Na has invested 0.54% in Comcast Corporation (NASDAQ:CMCSA). Orinda Asset Limited Liability Corporation has 0.16% invested in the company for 2,305 shares. Integral Derivatives Ltd last reported 6,763 shares in the company. Bluestein R H Company holds 310,909 shares or 1.55% of its portfolio. Palouse Cap Mgmt Incorporated holds 0.9% or 33,815 shares in its portfolio.

Insider Transactions: Since April 20, 2016, the stock had 0 buys, and 10 selling transactions for $29.40 million net activity. 15,121 shares with value of $959,763 were sold by Smit Neil on Wednesday, June 1. BLOCK ARTHUR R sold $61,373 worth of stock. Another trade for 245 shares valued at $15,394 was made by RODIN JUDITH on Thursday, June 9. Another trade for 75,000 shares valued at $4.65 million was sold by BURKE STEPHEN B. Shares for $157,060 were sold by BACON KENNETH J on Thursday, June 16. 304,109 shares were sold by ROBERTS BRIAN L, worth $20.45M.

Comcast Corporation is a media and technology company. The company has a market cap of $158.41 billion. The Company’s primary businesses include Comcast Cable and NBCUniversal. It has a 20.02 P/E ratio. The Company’s Comcast Cable business operates in Cable Communications segment.

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