Comcast (NASDAQ:CMCSA) Shares Up 0.1%

Comcast Co. (NASDAQ:CMCSA)’s stock price was up 0.1% during mid-day trading on Tuesday . The stock traded as high as $40.76 and last traded at $40.60. Approximately 3,093,177 shares changed hands during trading, a decline of 85% from the average daily volume of 20,480,238 shares. The stock had previously closed at $40.57.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Wells Fargo & Company lowered their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Finally, BNP Paribas reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Tuesday, April 9th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.74.

Comcast Stock Up 0.1 %

The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $161.30 billion, a PE ratio of 10.91, a PEG ratio of 0.98 and a beta of 0.98. The company has a 50 day moving average price of $41.78 and a 200-day moving average price of $42.68.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The company had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. As a group, analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On Comcast

A number of large investors have recently added to or reduced their stakes in the stock. Capital World Investors grew its position in shares of Comcast by 17.0% during the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after acquiring an additional 15,625,543 shares during the period. Norges Bank bought a new stake in Comcast during the fourth quarter valued at about $2,542,988,000. Northern Trust Corp increased its position in Comcast by 0.3% in the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock worth $2,040,522,000 after buying an additional 141,874 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Comcast by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock worth $1,603,786,000 after buying an additional 1,229,374 shares during the period. Finally, Harris Associates L P lifted its position in shares of Comcast by 10.9% during the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after buying an additional 1,854,671 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.