Comcast Corporation Can’t Be More Safe. Option Traders Like It

 Comcast Corporation Can't Be More Safe. Option Traders Like It

In today’s session Comcast Corporation (CMCSA) registered an unusually high (758) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious CMCSA increase. With 758 contracts traded and 18064 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: CMCSA170421C00065000 closed last at: $1.7 or 0.6% down. About 1.79M shares traded hands. Comcast Corporation (NASDAQ:CMCSA) has declined 0.77% since April 5, 2016 and is downtrending. It has underperformed by 2.73% the S&P500.

Comcast Corporation (NASDAQ:CMCSA) Ratings Coverage

Out of 15 analysts covering Comcast Corporation (NASDAQ:CMCSA), 12 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 80% are positive. $90 is the highest target while $61.0 is the lowest. The $71.22 average target is 15.67% above today’s ($61.57) stock price. Comcast Corporation has been the topic of 32 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Monday, October 24, the company rating was upgraded by Macquarie Research. Telsey Advisory Group maintained the stock with “Outperform” rating in Friday, August 19 report. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Neutral” rating given on Wednesday, November 11 by Suntrust Robinson. SunTrust initiated Comcast Corporation (NASDAQ:CMCSA) on Wednesday, November 11 with “Neutral” rating. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Buy” rating given on Thursday, December 17 by Pivotal Research. Goldman Sachs maintained it with “Buy” rating and $70 target price in Wednesday, May 4 report. The firm earned “Outperform” rating on Thursday, February 4 by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, August 26 by Wunderlich. UBS maintained it with “Buy” rating and $70 target price in Friday, July 24 report. Argus Research upgraded it to “Buy” rating and $72 target price in Friday, February 5 report.

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 2016 Q2. Its down 0.07, from 1.01 in 2016Q1. The ratio is 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.
Intrust Bank & Trust Na has 0.85% invested in the company for 32,466 shares. Macquarie Limited has invested 0.1% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Weiss Multi, a Alabama-based fund reported 22,797 shares. The Ohio-based Huntington Savings Bank has invested 0.68% in Comcast Corporation (NASDAQ:CMCSA). Ferguson Wellman Capital Management holds 291,148 shares or 0.8% of its portfolio. Triangle Securities Wealth Mngmt last reported 3,313 shares in the company. Texas Permanent School Fund reported 784,419 shares or 0.68% of all its holdings. King Luther Cap Management has 0.03% invested in the company for 52,884 shares. Orinda Asset Management Ltd last reported 0.16% of its portfolio in the stock. Price T Rowe Assoc Md accumulated 36.14M shares or 0.5% of the stock. The Alabama-based Mesirow Mgmt has invested 0.05% in Comcast Corporation (NASDAQ:CMCSA). Cullinan has 152,907 shares for 0.81% of their US portfolio. Dowling And Yahnke Ltd Liability Corp last reported 1.04% of its portfolio in the stock. Alleghany De, a New York-based fund reported 795,000 shares. The Texas-based Bridgeway Mgmt Incorporated has invested 0.24% in Comcast Corporation (NASDAQ:CMCSA).

Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 10 selling transactions for $31.88 million net activity. RODIN JUDITH had sold 245 shares worth $15,394. Smit Neil sold $2.00M worth of stock or 29,475 shares. 19,444 Comcast Corporation (NASDAQ:CMCSA) shares with value of $1.27M were sold by COHEN DAVID L. Shares for $4.65 million were sold by BURKE STEPHEN B. The insider ROBERTS BRIAN L sold 304,109 shares worth $20.45 million. $67,257 worth of Comcast Corporation (NASDAQ:CMCSA) shares were sold by BLOCK ARTHUR R. The insider BACON KENNETH J sold $157,060.

Comcast Corporation is a media and technology company. The company has a market cap of $147.37 billion. The Company’s primary businesses include Comcast Cable and NBCUniversal. It has a 18.05 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: Investorplace.com which released: “How Can I Watch Netflix, Inc. on Comcast Corporation?” on November 04, 2016. Also Investorplace.com published the news titled: “Is Comcast Corporation (CMCSA) Stock Rolling Over?” on October 18, 2016. Investorplace.com‘s news article titled: “Does Comcast Corporation (CMCSA) Show the Future for AT&T Inc (T) and Time …” with publication date: October 24, 2016 was also an interesting one.

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