Comcast Corp (CMCSA) Files Form 4 Insider Selling : Kenneth J Bacon Sells 2,500 Shares

Comcast Corp (CMCSA): Kenneth J Bacon , director of Comcast Corp sold 2,500 shares on Jun 16, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $62.82 per share for a total value of $157,060.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 10, 2016, Judith Rodin (director) sold 245 shares at $62.83 per share price.On Jun 2, 2016, Neil Smit (Sr. EVP) sold 15,121 shares at $63.47 per share price.Also, 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.

Shares of Comcast Corporation (CMCSA) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.29 points or -0.46% at $62.35 with 81,73,358 shares getting traded. Post opening the session at $62.46, the shares hit an intraday low of $62.25 and an intraday high of $63.105 and the price vacillated in this range throughout the day. The company has a market cap of $151,336 M and the number of outstanding shares has been calculated to be 2,42,71,95,600 shares. The 52-week high of Comcast Corporation is $64.99 and the 52-week low is $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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