Comcast (NASDAQ:CMCSA) had its target price increased by equities research analysts at Wells Fargo & Co from $49.00 to $50.00 in a report issued on Thursday. The firm currently has an “outperform” rating on the cable giant’s stock. Wells Fargo & Co’s price target indicates a potential upside of 16.82% from the stock’s previous close.
A number of other equities analysts have also weighed in on the company. Macquarie reiterated a “buy” rating and set a $40.00 price objective on shares of Comcast in a research note on Thursday, December 7th. Pivotal Research reiterated a “buy” rating and set a $52.00 price objective on shares of Comcast in a research note on Wednesday. Barclays reduced their price objective on Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. OTR Global lowered Comcast to a “positive” rating in a research note on Monday, October 30th. Finally, Instinet lowered Comcast from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $42.00 to $45.00 in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $47.46.
Shares of Comcast (NASDAQ CMCSA) traded up $0.66 during mid-day trading on Thursday, reaching $42.80. The company had a trading volume of 27,892,376 shares, compared to its average volume of 22,110,000. The stock has a market cap of $200,040.00, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. Comcast has a one year low of $34.78 and a one year high of $44.00.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $21.92 billion during the quarter, compared to analyst estimates of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. equities analysts predict that Comcast will post 2.34 earnings per share for the current year.
In related news, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction dated Wednesday, December 27th. The stock was 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 in the company, valued at approximately $2,678,726.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 593,402 shares of company stock valued at $22,961,401. 1.28% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its holdings in shares of Comcast by 1,581.1% during the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after purchasing an additional 26,522,368 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares during the last quarter. Capital International Investors boosted its holdings in shares of Comcast by 23.3% during the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after purchasing an additional 6,467,802 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Comcast by 38.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock worth $716,803,000 after purchasing an additional 5,108,525 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Comcast by 40.2% during the 2nd quarter. Prudential Financial Inc. now owns 12,254,212 shares of the cable giant’s stock worth $476,934,000 after purchasing an additional 3,513,006 shares during the last quarter. Institutional investors own 82.26% of the company’s stock.
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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.