Comcast (NASDAQ:CMCSA) Shares Up 0.6%

Comcast Co. (NASDAQ:CMCSA)’s stock price traded up 0.6% during mid-day trading on Friday . The company traded as high as $40.03 and last traded at $39.87. 4,377,697 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 20,389,197 shares. The stock had previously closed at $39.62.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Citigroup lifted their price target on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Rosenblatt Securities increased their price objective on shares of Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, December 22nd. Wells Fargo & Company decreased their target price on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Finally, Evercore ISI reissued an “outperform” rating and set a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.74.

Comcast Price Performance

The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The business’s 50 day simple moving average is $41.86 and its two-hundred day simple moving average is $42.74. The stock has a market capitalization of $158.60 billion, a P/E ratio of 10.72, a price-to-earnings-growth 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, beating analysts’ consensus estimates of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. As a group, sell-side analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Insider Activity

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Comcast

A number of large investors have recently made changes to their positions in CMCSA. Ironwood Wealth Management LLC. increased its stake in Comcast by 2.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 15,458 shares of the cable giant’s stock worth $724,000 after acquiring an additional 363 shares during the last quarter. United Bank increased its holdings in shares of Comcast by 17.4% in the 1st quarter. United Bank now owns 37,271 shares of the cable giant’s stock worth $1,745,000 after buying an additional 5,532 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Comcast by 29.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock worth $190,261,000 after acquiring an additional 928,627 shares in the last quarter. Covestor Ltd increased its stake in Comcast by 104.4% in the first quarter. Covestor Ltd now owns 3,472 shares of the cable giant’s stock valued at $163,000 after acquiring an additional 1,773 shares during the last quarter. Finally, First Western Trust Bank purchased a new stake in Comcast during the first quarter valued at about $482,000. 84.32% of the stock is owned by 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.