Market Update – Understanding CMCSA's Decline

Comcast stock is trading -12.4% below its average target price of $46.36 after dropping -3.1% during today's afternoon session. Analysts are giving the Large-Cap Cable Television company an average rating of buy and target prices ranging from $35.0 to $57.0 per share.

Comcast's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.3%. The stock's short ratio is 2.46. The company's insiders own 0.71% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 87.8%. In conclusion, we believe there is mixed market sentiment regarding Comcast.

Institutions Invested in Comcast

Date Reported Holder Percentage Shares Value
2024-06-30 Vanguard Group Inc 10% 372,370,346 $15,121,959,978
2024-06-30 Blackrock Inc. 8% 321,142,381 $13,041,592,288
2024-06-30 State Street Corporation 4% 166,558,587 $6,763,944,319
2024-06-30 Capital World Investors 3% 128,148,382 $5,204,105,871
2024-06-30 FMR, LLC 3% 111,357,670 $4,522,235,046
2024-06-30 JP Morgan Chase & Company 2% 86,410,113 $3,509,114,741
2024-06-30 Geode Capital Management, LLC 2% 85,791,380 $3,483,987,994
2024-06-30 Capital International Investors 2% 79,767,857 $3,239,372,721
2024-06-30 Dodge & Cox Inc 2% 72,739,344 $2,953,944,804
2024-06-30 Norges Bank Investment Management 2% 61,265,215 $2,487,980,418
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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