Moore Sells 3200 Shares of Comerica Incorporated (CMA) Stock

The stock was sold at an average price of $69.50, for a total transaction of $203,496.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Over the past twelve months, Comerica Incorporated (NYSE:CMA)'s stock was 12.96%.

In related news, insider Peter William Guilfoile sold 2,928 shares of the company's stock in a transaction dated Monday, August 28th. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $13,031.45, a price-to-earnings ratio of 16.91, a PEG ratio of 1.71 and a beta of 1.50.

Comerica Incorporated (CMA) stock price rose 32.88 percent over the past one year, while increased 6.89 percent during the past 6 months.

Alphabet Inc (GOOGL) AI Tools Will Work With Amazon AWS Soon
The company reported $9.06 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $8.62 by $0.44. Oppenheimerfunds, Inc. says it sold 86,557 shares in the previous quarter decreasing its holdings in Alphabet Cl C Cap by 4.6%.

Comerica Incorporated most recently reported earnings per share (EPS) of $1.26 for the September 2017 versus $0.84 in the same quarter previous year, representing 50% growth. The financial services provider reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.03. The firm had revenue of $821.00 million during the quarter, compared to the consensus estimate of $812.83 million. The Return on Investment (ROI) ratio of Comerica Incorporated (CMA) is 10.5 percent. During the same quarter in the prior year, the company earned $0.84 EPS. analysts expect that Comerica Incorporated will post 4.86 earnings per share for the current year. Stockholders of record on Friday, December 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. Comerica's dividend payout ratio (DPR) is 34.33%.

Comerica announced that its board has authorized a share buyback plan on Tuesday, July 25th that allows the company to buyback 5,000,000 outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: "State of Tennessee Treasury Department Sells 52,388 Shares of Comerica Incorporated (CMA)" was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this report on another site, it was stolen and reposted in violation of global copyright & trademark law. The legal version of this report can be read at https://weekherald.com/2017/11/14/state-of-tennessee-treasury-department-sells-52388-shares-of-comerica-incorporated-cma.html. Royal Bank Of Canada reissued a "buy" rating and issued a $82.00 target price on shares of Comerica in a report on Friday, September 8th. Zacks Investment Research lowered shares of Comerica from a "buy" rating to a "hold" rating in a research note on Friday, August 4th. Wells Fargo & Company started coverage on shares of Comerica in a research note on Wednesday, August 9th. FBR & Co set a $79.00 target price on Comerica and gave the company a "buy" rating in a report on Tuesday, July 18th. Finally, Stephens restated a "buy" rating and set a $80.00 price objective on shares of Comerica in a report on Tuesday, July 18th. Over the last three months, insiders sold 44,249 shares of company stock valued at $3,095,383. The stock has an average rating of "Hold" and a consensus price target of $78.00.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its holdings in shares of Comerica by 0.3% in the 2nd quarter. Smithfield Trust Co. boosted its holdings in shares of Comerica by 2,446.0% in the 2nd quarter. Credit Suisse AG now owns 1,595,038 shares of the financial services provider's stock valued at $75,477,000 after buying an additional 1,031,876 shares during the last quarter. Vanguard Group Inc. raised its holdings in Comerica by 6.7% in the second quarter. The firm owned 783,559 shares of the financial services provider's stock after purchasing an additional 353,270 shares during the quarter. Principal Financial Group Inc. owned about 0.45% of Comerica worth $59,754,000 at the end of the most recent reporting period. Two Sigma Advisers LP now owns 674,194 shares of the financial services provider's stock valued at $31,903,000 after buying an additional 624,655 shares during the last quarter. Finally, Regentatlantic Capital LLC acquired a new stake in shares of Comerica during the second quarter worth $201,000. Pacad Investment Ltd. purchased a new stake in shares of Comerica in the second quarter worth about $1,147,000. Corporate insiders own 1.10% of the company's stock.

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