Comcast (NASDAQ:CMCSA) Price Target Lowered to $43.00 at Wells Fargo & Company

Comcast (NASDAQ:CMCSA) had its price target trimmed by Wells Fargo & Company from $47.00 to $43.00 in a report released on Friday, Benzinga reports. The firm currently has an equal weight rating on the cable giant’s stock.

CMCSA has been the topic of a number of other reports. Scotiabank reduced their price target on shares of Comcast from $50.00 to $47.25 and set a sector perform rating on the stock in a research report on Friday. Evercore ISI reiterated an outperform rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. StockNews.com cut Comcast from a strong-buy rating to a buy rating in a report on Friday, March 22nd. Redburn Atlantic cut 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, Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Comcast currently has an average rating of Moderate Buy and a consensus target price of $49.45.

Comcast Price Performance

CMCSA stock opened at $38.57 on Friday. Comcast has a one year low of $36.43 and a one year high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.60. The stock has a market cap of $153.19 billion, a PE ratio of 10.20, a P/E/G ratio of 0.92 and a beta of 0.98. The firm has a 50 day simple moving average of $41.58 and a two-hundred day simple moving average of $42.57.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Comcast will post 4.23 EPS for the current fiscal year.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were 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 SEC, which is available at this hyperlink. Insiders own 1.18% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Luken Investment Analytics LLC grew its position in Comcast by 258.0% during the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 418 shares during the last quarter. Steph & Co. raised its holdings in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares during the last quarter. NewSquare Capital LLC lifted its position in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its stake in Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A purchased a new position in shares of Comcast in the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

About Comcast

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.