Comcast (NASDAQ:CMCSA) had its target price hoisted by equities research analysts at Buckingham Research from $48.00 to $50.00 in a report released on Monday. The firm presently has a “buy” rating on the cable giant’s stock. Buckingham Research’s price target points to a potential upside of 21.83% from the company’s previous close.
Several other brokerages also recently commented on CMCSA. Nomura reduced their target price on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 27th. KeyCorp reissued a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, October 18th. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a report on Monday, October 16th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $50.00 price objective on shares of Comcast in a report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the company. Comcast currently has an average rating of “Buy” and an average price target of $45.80.
Comcast (NASDAQ CMCSA) traded up $0.37 during midday trading on Monday, reaching $41.04. The company’s stock had a trading volume of 17,007,500 shares, compared to its average volume of 18,621,051. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $190,460.00, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00. Comcast has a 12 month low of $34.78 and a 12 month high of $42.18.
In other Comcast news, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the transaction, the executive vice president now owns 65,946 shares in the company, valued at approximately $2,678,726.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the 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 transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at approximately $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 corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Aurora Investment Counsel acquired a new position in shares of Comcast during the 4th quarter worth about $2,796,000. Beacon Financial Group acquired a new position in shares of Comcast during the 4th quarter worth about $397,000. Prudential Financial Inc. boosted its stake in shares of Comcast by 8.2% during the 3rd quarter. Prudential Financial Inc. now owns 13,254,504 shares of the cable giant’s stock worth $510,034,000 after buying an additional 1,000,292 shares during the last quarter. Atlantic Trust Group LLC boosted its stake in shares of Comcast by 26.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 6,634,844 shares of the cable giant’s stock worth $255,308,000 after buying an additional 1,376,237 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Comcast by 4.6% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 12,792,729 shares of the cable giant’s stock worth $492,264,000 after buying an additional 564,805 shares during the last quarter. Hedge funds and other institutional investors own 82.13% 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.
