This morning we watched Comcast rise 1.6% to a price of $40.26 per share. The Large-Cap Cable Television company is now trading -13.42% below its average target price of $46.5. Analysts have set target prices ranging from $35.0 to $57.0 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 2.78. The company's insiders own 0.71% 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 88.0% of Comcast's shares being owned by this investor type.
Institutions Invested in Comcast
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 10% | 372,370,346 | $14,991,629,504 |
| 2024-06-30 | Blackrock Inc. | 8% | 321,142,381 | $12,929,191,720 |
| 2024-06-30 | State Street Corporation | 4% | 166,558,587 | $6,705,648,433 |
| 2024-06-30 | Capital World Investors | 3% | 128,148,382 | $5,159,253,644 |
| 2024-06-30 | FMR, LLC | 3% | 111,357,670 | $4,483,259,607 |
| 2024-06-30 | JP Morgan Chase & Company | 2% | 86,410,113 | $3,478,871,004 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 85,791,380 | $3,453,960,814 |
| 2024-06-30 | Capital International Investors | 2% | 79,767,857 | $3,211,453,788 |
| 2024-06-30 | Dodge & Cox Inc | 2% | 72,739,344 | $2,928,485,867 |
| 2024-06-30 | Norges Bank Investment Management | 2% | 61,265,215 | $2,466,537,453 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Comcast.
