This afternoon we watched Comcast drop -6.4% to a price of $40.0 per share. The large-cap Cable Television company is now trading -18.81% below its average target price of $49.27. Analysts have set target prices ranging from $41.0 to $55.0 per share for Comcast, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.5%, and a short ratio of 3.42. The company's insiders own 0.74% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 87.9% of Comcast's shares being owned by this investor type.
Institutions Invested in Comcast
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 390,360,150 | $15,614,406,000 |
| 2023-06-30 | Blackrock Inc. | 8% | 314,159,824 | $12,566,392,960 |
| 2023-06-30 | Capital International Investors | 4% | 172,032,998 | $6,881,319,920 |
| 2023-06-30 | State Street Corporation | 4% | 160,119,465 | $6,404,778,600 |
| 2023-06-30 | FMR, LLC | 3% | 119,789,016 | $4,791,560,640 |
| 2023-06-30 | Massachusetts Financial Services Co. | 2% | 100,214,781 | $4,008,591,240 |
| 2023-06-30 | Capital Research Global Investors | 2% | 98,244,335 | $3,929,773,400 |
| 2023-06-30 | JP Morgan Chase & Company | 2% | 91,465,024 | $3,658,600,960 |
| 2023-06-30 | Capital World Investors | 2% | 88,869,896 | $3,554,795,840 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 80,409,013 | $3,216,360,520 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Comcast.
