Comcast (NASDAQ:CMCSA) had its price objective raised by TD Securities from $51.00 to $52.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the cable giant’s stock. TD Securities’ price target indicates a potential upside of 23.40% from the stock’s current price.
Several other equities research analysts have also recently commented on CMCSA. Pivotal Research raised their target price on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Barclays decreased their target price on Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Morgan Stanley raised their target price on Comcast from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Wells Fargo & Co reaffirmed a “buy” rating and set a $49.00 target price on shares of Comcast in a research note on Monday, October 23rd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $43.00 target price on shares of Comcast in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $47.25.
Shares of Comcast (CMCSA) traded down $0.85 on Thursday, reaching $42.14. The company’s stock had a trading volume of 26,015,828 shares, compared to its average volume of 22,165,537. Comcast has a fifty-two week low of $34.78 and a fifty-two week high of $44.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The firm has a market cap of $197,140.00, a PE ratio of 8.82, a PEG ratio of 1.80 and a beta of 1.00.
In related news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the sale, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold 593,402 shares of company stock valued at $22,961,401 over the last ninety days. 1.28% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC purchased a new position in shares of Comcast in the third quarter valued at $104,000. Clear Perspective Advisors LLC grew its position in shares of Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new position in shares of Comcast in the second quarter valued at $107,000. Tower View Investment Management & Research LLC purchased a new position in shares of Comcast in the fourth quarter valued at $109,000. Finally, First Bank & Trust grew its position in shares of Comcast by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares in the last quarter. 82.26% of the stock is owned by institutional investors and hedge funds.
Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
