Finance

Should You Invest in Comcast Corporation (CMCSA)? A Look at the Insider Trends

Recent insider trends for Comcast Corporation (NASDAQ:CMCSA) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of CMCSA, the data has a lot to say about how the stock might perform going forward.

Institutions own 84.86% of Comcast Corporation (CMCSA)’s shares. The total value of these holdings, in millions, is $150,208. Among active positions in the latest quarter, 720 holders increased their positions by a total of 218.36 million shares, 732 holders decreased the positions by a total of 225.6 million shares, and 206 holders held their positions. This works out to a net decrease in ownership of 7.24 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 111 holders initiated new positions by a total of 55.28 million shares and 64 holders exited their positions by a total of 16.5 million shares. This nets out to an increase of 38.78 million shares and is a bullish sign for CMCSA.

In the last three months, insiders executed a total of 27 trades. 12 of these were buys and 15 were sells. Insider ownership increased by a total of 6282 shares, which suggests that CMCSA’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 39 buys and 94 sells, and ownership decreased by a net of 2.01 million shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Comcast Corporation (NASDAQ:CMCSA)’s short interest is 62.35 million shares, or 1.32% of the float. This represents a decrease of -8% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for CMCSA. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CMCSA is a buy, which implies that CMCSA is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Comcast Corporation (NASDAQ:CMCSA) is undervalued.

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