Comcast (NASDAQ:CMCSA) Sets New 52-Week High at $46.73

Comcast Co. (NASDAQ:CMCSA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $46.73 and last traded at $46.49, with a volume of 93965 shares changing hands. The stock had previously closed at $46.42.

Several equities research analysts have weighed in on the stock. Cfra set a $50.00 target price on shares of Comcast and gave the stock a “buy” rating in a report on Wednesday, August 21st. Rosenblatt Securities started coverage on shares of Comcast in a report on Friday, June 14th. They issued a “buy” rating and a $50.00 price target for the company. Wells Fargo & Co started coverage on shares of Comcast in a research report on Tuesday, August 27th. They issued an “outperform” rating and a $50.00 price objective for the company. Bank of America set a $58.00 price objective on shares of Comcast and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Macquarie began coverage on Comcast in a research note on Wednesday, June 19th. They set a “buy” rating and a $50.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Comcast presently has an average rating of “Buy” and an average price target of $46.97.

The stock has a fifty day simple moving average of $43.73 and a 200-day simple moving average of $42.20. The stock has a market cap of $210.66 billion, a P/E ratio of 18.18, a PEG ratio of 1.26 and a beta of 1.07. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69.



Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $26.86 billion during the quarter, compared to the consensus estimate of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The business’s revenue was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. On average, research analysts anticipate that Comcast Co. will post 3.09 earnings per share for the current year.

In related news, Director Kenneth J. Bacon sold 4,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total transaction of $180,120.00. Following the completion of the transaction, the director now directly owns 29,603 shares of the company’s stock, valued at $1,333,023.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel C. Murdock sold 848 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the transaction, the senior vice president now owns 3,419 shares of the company’s stock, valued at $151,222.37. The disclosure for this sale can be found here. In the last three months, insiders sold 6,549 shares of company stock worth $288,151. 1.35% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the business. Princeton Global Asset Management LLC increased its position in Comcast by 4.9% during the second quarter. Princeton Global Asset Management LLC now owns 20,926 shares of the cable giant’s stock worth $885,000 after buying an additional 977 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Comcast by 2.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,094,349 shares of the cable giant’s stock valued at $46,269,000 after buying an additional 22,271 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Comcast during the 2nd quarter worth approximately $357,000. Front Row Advisors LLC boosted its stake in shares of Comcast by 985.4% during the 2nd quarter. Front Row Advisors LLC now owns 5,210 shares of the cable giant’s stock worth $220,000 after acquiring an additional 4,730 shares during the period. Finally, Rehmann Capital Advisory Group increased its holdings in shares of Comcast by 2.2% during the 2nd quarter. Rehmann Capital Advisory Group now owns 18,418 shares of the cable giant’s stock worth $779,000 after acquiring an additional 405 shares during the last quarter. 82.63% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Company Profile (NASDAQ:CMCSA)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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