Comcast Corporation (NASDAQ:CMCSA) recovered 36.86% of its value since hitting low of $32.61. The recent move of 0.04% gain helped the stock to close at $44.63 when trading ended on 7/26/2019. At a recent session, the prices were hovering between $44.02 and $45.08. This company shares are 9.19% off its target price of $48.73 and the current market capitalization stands at $202.48B. The recent change has given its price a 4.03% lead over SMA 50 and -1.47% deficit over its 52-week high. The stock witnessed 5.98% gains, 3.6% gains and 24.73% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CMCSA’s volatility during a week at 1.9% and during a month it has been found around 1.54%.
What Does Comcast Corporation (CMCSA) Do?
The company describes itself in regulatory filings as, “Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Corporate and Other. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand. The Cable Networks segment consists of national cable networks, regional sports, news networks, international cable networks, and cable television studio production operations. The Broadcast Television segment includes NBC and Telemundo broadcast networks. The Filmed Entertainment segment involves in the production, acquisition, marketing, and distribution of filmed entertainment. The Theme Parks segment consists of Universal theme parks in Orlando, Florida; Hollywood, California; and Osaka, Japan. The Corporate and Other segment includes operations of other business interests, primarily of Comcast Spectacor. The company was founded by Ralph J. Roberts in 1963 and is headquartered in Philadelphia, PA.” [Text can be found here: https://www.marketwatch.com/investing/stock/CMCSA/profile under company description.]Comcast Corporation (CMCSA) Top Holders
Institutional investors currently hold around $169.63 billion or 85.3% in CMCSA stock. Look at its top three institutional owners: Vanguard Group Inc owns $17.12 billion in Comcast Corporation, which represents roughly 8.46% of the company’s market cap and approximately 10.1% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 316,530,764 shares of the stock are valued at $14.13 billion. The third largest holder is State Street Corp, which currently holds $7.66 billion worth of this stock and that ownership represents nearly 3.78% of its market capitalization.Comcast Corporation 13F Filings
At the end of March reporting period, 901 institutional holders increased their position in Comcast Corporation (NASDAQ:CMCSA) by some 173,160,847 shares, 789 decreased positions by 153,625,377 and 237 held positions by 3,474,000,000. That puts total institutional holdings at 3,801,000,000 shares, according to SEC filings. The stock grabbed 137 new institutional investments totaling 15,178,124 shares while 100 institutional investors sold out their entire positions totaling 14,501,228 shares.Comcast Corporation (NASDAQ:CMCSA) Insider Trades
Multiple company employees have indulged in significant insider trading. Comcast Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP & Chief Accounting Officer Murdock Daniel C. has sold 1,701 shares of Comcast Corporation (CMCSA) in the trading session dated Jun. 13, 2019. These shares are worth $70,523 and were traded at $41.46 each. The SEC filing shows that BURKE STEPHEN B performed a sale of 457,633 shares. The Sr. EVP disposed these shares by way of transaction on Apr. 26, 2019. The company’s shares were given away at $43.35 per share worth to an income of some $19,838,391 to the account of BURKE STEPHEN B.
Sr. EVP, COHEN DAVID L, sold 4,467 common shares of Comcast Corporation (CMCSA) in the open market. In a transaction dated Apr. 23, 2019, the shares were put up for sale at an average price of $41.88, raking in a sum of $187,078. After this sale, 1,128,305 common shares of CMCSA are directly owned by the insider, with total stake valued at $50,356,268.
In the transaction dated Apr. 17, 2019, a great number of shares sold came courtesy the SVP & Chief Accounting Officer; Murdock Daniel C. disposed a total of 1,038 shares at an average price of $42, amounting to approximately $43,596. The insider now directly owns 2,132 shares worth $95,168.Comcast Corporation (CMCSA) Analyst Guide
Several analysts have released their opinion on Comcast Corporation (NASDAQ:CMCSA), with 11 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 15 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.81 average brokerage recommendation [T1].