Comcast Corporation Can’t Be More Risky. Option Traders Sell It


 Comcast Corporation Can't Be More Risky. Option Traders Sell It

In today’s session Comcast Corporation (CMCSA) recorded an unusually high (2,651) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious CMCSA decrease. With 2,651 contracts traded and 135234 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: CMCSA170120P00052500 closed last at: $0.34 or 2.9% down. About 1.92M shares traded hands. Comcast Corporation (NASDAQ:CMCSA) has risen 10.08% since March 14, 2016 and is uptrending. It has outperformed by 4.47% the S&P500.

Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on October, 25. They expect $0.92 EPS, up 15.00% or $0.12 from last year’s $0.8 per share. CMCSA’s profit will be $2.22 billion for 17.79 P/E if the $0.92 EPS becomes a reality. After $0.83 actual EPS 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. Comcast Corporation has been the topic of 31 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, April 28. Credit Suisse maintained it with “Outperform” rating and $63 target price in Wednesday, January 6 report. Moffett Nathanson upgraded the stock to “Buy” rating in Wednesday, August 19 report. Nomura maintained Comcast Corporation (NASDAQ:CMCSA) on Monday, June 27 with “Buy” rating. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Neutral” rating given on Tuesday, September 29 by Macquarie Research. The rating was maintained by Pivotal Research on Thursday, July 23 with “Buy”. The rating was maintained by Telsey Advisory Group with “Outperform” on Friday, August 19. The rating was initiated by SunTrust on Wednesday, November 11 with “Neutral”. Nomura initiated the shares of CMCSA in a report on Tuesday, December 8 with “Buy” rating. The rating was maintained by Pivotal Research on Tuesday, September 27 with “Buy”.

According to Zacks Investment Research, “Comcast Corp., among the world’s leading communication companies, provides basic cable, digital cable and high speed internet services that connect people to what’s important in their lives. They are in the process of deploying digital video applications and high-speed Internet access service to expand the products available on their cable communications networks.”

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.07, from 1.01 in 2016Q1. The ratio turned negative, 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.
Shamrock Asset Mgmt Limited Com last reported 0.01% of its portfolio in the stock. Ubs Asset Management Americas reported 8.19M shares or 0.6% of all its holdings. Ls Investment Advsr Lc owns 277,233 shares or 1.25% of their US portfolio. Neville Rodie & Shaw owns 10,181 shares or 0.08% of their US portfolio. Joel Isaacson Company Ltd accumulated 0.09% or 6,510 shares. First Amer Retail Bank holds 0.15% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 24,711 shares. Bp Plc accumulated 333,000 shares or 0.86% of the stock. Ipg Inv Ltd Liability Co has invested 0% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Blackrock Advsr Limited Co has 1.06% invested in the company for 16.01 million shares. Walter & Keenan Consulting Mi Adv reported 28,639 shares or 1.04% of all its holdings. The Nebraska-based Pittenger Anderson has invested 0.01% in Comcast Corporation (NASDAQ:CMCSA). Everence Management holds 1.01% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 50,272 shares. Moore Cap Mgmt Ltd Partnership has invested 0.32% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Moreover, Fifth Third Savings Bank has 0.61% invested in Comcast Corporation (NASDAQ:CMCSA) for 1.11 million shares. Mogy Joel R Counsel last reported 23,842 shares in the company.

Insider Transactions: Since April 20, 2016, the stock had 0 insider purchases, and 10 selling transactions for $30.61 million net activity. RODIN JUDITH also sold $15,394 worth of Comcast Corporation (NASDAQ:CMCSA) shares. Another trade for 304,109 shares valued at $20.45 million was sold by ROBERTS BRIAN L. Smit Neil also sold $959,763 worth of Comcast Corporation (NASDAQ:CMCSA) shares. BLOCK ARTHUR R had sold 1,023 shares worth $67,257 on Friday, September 16. On Thursday, June 16 BACON KENNETH J sold $157,060 worth of the stock or 2,500 shares. Shares for $4.65M were sold by BURKE STEPHEN B. $1.27 million worth of shares were sold by COHEN DAVID L on Tuesday, October 11.

Comcast Corporation is a media and technology company. The company has a market cap of $158.10 billion. The Company’s primary businesses include Comcast Cable and NBCUniversal. It has a 19.91 P/E ratio. The Company’s Comcast Cable business operates in Cable Communications segment.

CMCSA Company Profile

Comcast Corporation, incorporated on December 7, 2001, is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. The Company’s Comcast Cable business operates through Cable Communications segment. The Company’s NBCUniversal business consists of four divisions, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks. The Company’s other business interests consists of Comcast Spectacor, which owns the Philadelphia Flyers, and the Wells Fargo Center arena in Philadelphia, Pennsylvania, and operates from arena management-related businesses.

More recent Comcast Corporation (NASDAQ:CMCSA) news were published by: which released: “Comcast Corporation to Acquire Ed Snider’s Stake in Comcast Spectacor” on September 22, 2016. Also published the news titled: “Comcast Stock: Bears Are Way Off on Comcast Corporation” on September 21, 2016.‘s news article titled: “Comcast Corporation Does Best Wells Fargo & Co. Impression, Gets Slapped on …” with publication date: October 11, 2016 was also an interesting one.

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