This afternoon we watched Comcast rise 2.2% to a price of $38.22 per share. The Large-Cap Cable Television company is now trading -20.24% below its average target price of $47.92. Analysts have set target prices ranging from $37.0 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 0.7% 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 87.4% of Comcast's shares being owned by this investor type.
Institutions Invested in Comcast
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 10% | 370,923,118 | $14,176,682,022 |
| 2024-09-30 | Blackrock Inc. | 8% | 302,566,120 | $11,564,077,475 |
| 2024-09-30 | State Street Corporation | 4% | 164,060,914 | $6,270,408,333 |
| 2024-09-30 | Capital World Investors | 3% | 130,424,594 | $4,984,828,141 |
| 2024-09-30 | FMR, LLC | 3% | 117,420,328 | $4,487,805,079 |
| 2024-09-30 | JP Morgan Chase & Company | 2% | 88,300,549 | $3,374,847,090 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 84,805,867 | $3,241,280,340 |
| 2024-09-30 | Dodge & Cox Inc | 2% | 74,062,844 | $2,830,681,988 |
| 2024-06-30 | Norges Bank Investment Management | 2% | 61,265,215 | $2,341,556,592 |
| 2024-09-30 | Bank of America Corporation | 1% | 56,268,723 | $2,150,590,661 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Comcast.
