Comcast Corp (CMCSA) Files Form 4 Insider Selling : Neil Smit Sells 15,121 Shares

Comcast Corp (CMCSA): Neil Smit , Sr. EVP of Comcast Corp sold 15,121 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $63.47 per share for a total value of $959,763.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Stephen B Burke (Sr. EVP) sold 75,000 shares at $62.05 per share price.On May 11, 2016, Brian L Roberts (Chairman of Board, Pres. & CEO) sold 200,000 shares at $62.65 per share price.Also, On May 3, 2016, Judith Rodin (director) sold 635 shares at $60.75 per share price.On Apr 22, 2016, Arthur R Block (EVP, GC and Secretary) sold 1,002 shares at $61.25 per share price.

Comcast Corporation: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Comcast Corporation which led to swings in the share price. The shares opened for trading at $63.44 and hit $63.83 on the upside , eventually ending the session at $63.73, with a gain of 0.68% or 0.43 points. The heightened volatility saw the trading volume jump to 76,98,919 shares. The 52-week high of the share price is $64.99 and the company has a market cap of $154,685 M . The 52-week low of the share price is at $50.01.

Comcast Corporation Money Flow Index Chart

On May 11, 2016, Comcast Corporation announced a cash dividend of $0.2750. The company’s management has announced Jul 1, 2016 as the ex-dividend date and fixed the record date on Jul 6, 2016. The payable date has been fixed on Jul 27, 2016.

Company has been under the radar of several Street Analysts.Comcast Corporation is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $67 .The Rating was issued on Apr 28, 2016.

Comcast Corporation is a media and technology company. The Company has two primary businesses Comcast Cable and NBCUniversal. The Company’s business line comprises five segments: Cable Communications; Cable Networks; Broadcast Television; Filmed Entertainment and Theme Parks. Cable Communications consists of the operations of Comcast Cable a provider of video high-speed Internet and voice services under the XFINITY brand. Cable Networks consists primarily of its national cable networks regional sports and news networks international cable networks and its cable television production operations. Broadcast Television consists primarily of the NBC and Telemundo broadcast networks. Filmed Entertainment consists primarily of the studio operations of Universal Pictures. Theme Parks consists primarily of its Universal theme parks. The Company’s other business interests consist of Comcast-Spectacor and the Wells Fargo Center arena.

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