Comcast (NASDAQ:CMCSA) Shares Up 0.2%

Comcast Co. (NASDAQ:CMCSA) shot up 0.2% on Wednesday . The stock traded as high as $39.42 and last traded at $39.18. 3,520,518 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 20,437,824 shares. The stock had previously closed at $39.12.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CMCSA shares. Rosenblatt Securities increased their target price on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, December 22nd. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. BNP Paribas reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Wells Fargo & Company cut their price target on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.74.

Comcast Price Performance

The business’s fifty day moving average is $41.86 and its 200-day moving average is $42.74. 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 firm has a market cap of $157.13 billion, a PE ratio of 10.65, a P/E/G ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. The firm had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, research analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Greenwich Wealth Management LLC lifted its position in shares of Comcast by 2.6% during the fourth quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after purchasing an additional 219 shares during the last quarter. Legend Financial Advisors Inc. lifted its position in shares of Comcast by 17.5% during the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after purchasing an additional 220 shares during the last quarter. Beaumont Asset Management L.L.C. lifted its position in shares of Comcast by 1.6% during the fourth quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after purchasing an additional 226 shares during the last quarter. Keystone Financial Services lifted its position in shares of Comcast by 1.1% during the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after purchasing an additional 229 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its position in shares of Comcast by 0.7% during the third quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock worth $1,550,000 after purchasing an additional 238 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

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.