It Seems Comcast Corporation Will Go Down. Had Bearish Options Activity

 It Seems Comcast Corporation Will Go Down. Had Bearish Options Activity

In today’s session Comcast Corporation (CMCSA) recorded an unusually high (562) 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 562 contracts traded and 168034 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: CMCSA170120P00057500 closed last at: $0.21 or 8.7% down. About 1.53M shares traded hands. Comcast Corporation (NASDAQ:CMCSA) has risen 11.89% since April 26, 2016 and is uptrending. It has outperformed by 6.63% the S&P500.

Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on February, 1. They expect $0.90 earnings per share, up 11.11% or $0.09 from last year’s $0.81 per share. CMCSA’s profit will be $2.13B for 19.07 P/E if the $0.90 EPS becomes a reality. After $0.92 actual earnings per share reported by Comcast Corporation for the previous quarter, Wall Street now forecasts -2.17% negative EPS growth.

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 3.74% above today’s ($68.65) stock price. Comcast Corporation has been the topic of 32 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Tuesday, December 8, the company rating was initiated by Nomura. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Outperform” rating by Credit Suisse on Wednesday, January 6. Macquarie Research maintained it with “Neutral” rating and $61.0 target price in Monday, January 4 report. On Friday, February 5 the stock rating was upgraded by Argus Research to “Buy”. SunTrust initiated the stock with “Neutral” rating in Wednesday, November 11 report. The company was maintained on Monday, July 27 by RBC Capital Markets. Pivotal Research maintained the shares of CMCSA in a report on Thursday, July 23 with “Buy” rating. The firm has “Buy” rating given on Friday, July 24 by UBS. Telsey Advisory Group maintained the stock with “Outperform” rating in Friday, August 19 report. The firm earned “Neutral” rating on Tuesday, September 29 by Macquarie Research.

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 0.88 in Q2 2016. Its down 0.06, from 0.94 in 2016Q1. The ratio fall, 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.
Wasatch Advsr reported 150,289 shares or 0.15% of all its holdings. Hancock Hldgs Company last reported 0.66% of its portfolio in the stock. Regentatlantic Cap Limited Co has 279,708 shares for 1.76% of their US portfolio. Destination Wealth Mgmt has invested 0.02% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Meridian Counsel holds 1.41% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 31,944 shares. Sprott last reported 1.01% of its portfolio in the stock. The Illinois-based Cna has invested 1.45% in Comcast Corporation (NASDAQ:CMCSA). Hsbc Public Ltd Llc last reported 1.97 million shares in the company. Kanaly Trust Company holds 2,369 shares or 0.03% of its portfolio. Markel Corporation has 35,000 shares for 0.06% of their US portfolio. Moreover, Brighton Jones Limited Liability Company has 0.34% invested in Comcast Corporation (NASDAQ:CMCSA) for 29,634 shares. Gluskin Sheff accumulated 3.56% or 630,267 shares. Suntrust Banks, a Georgia-based fund reported 995,234 shares. Ingalls Snyder Limited Liability Company has invested 0.14% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). First Amer Bank & Trust holds 0.15% or 24,711 shares in its portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 8 sales for $26.27 million net activity. Smit Neil also sold $993,171 worth of Comcast Corporation (NASDAQ:CMCSA) on Thursday, September 1. ROBERTS BRIAN L sold $20.45 million worth of stock or 304,109 shares. On Friday, September 16 the insider BLOCK ARTHUR R sold $67,257. BACON KENNETH J sold $157,060 worth of stock or 2,500 shares. $15,394 worth of Comcast Corporation (NASDAQ:CMCSA) was sold by RODIN JUDITH on Thursday, June 9. COHEN DAVID L had sold 20,100 shares worth $1.31M on Wednesday, October 19.

Comcast Corporation is a media and technology company. The company has a market cap of $162.25 billion. The Company’s primary businesses include Comcast Cable and NBCUniversal. It has a 20.13 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.

Another recent and important Comcast Corporation (NASDAQ:CMCSA) news was published by which published an article titled: “Better Buy: Comcast Corporation vs. Charter Communications” on November 14, 2016.

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