Comcast (NASDAQ:CMCSA) Given New $39.00 Price Target at JPMorgan Chase & Co.

Comcast (NASDAQ:CMCSA) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $45.00 to $39.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the cable giant’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 16.03% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 17th. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $47.75 to $48.00 in a report on Friday, November 1st. Wells Fargo & Company reduced their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Finally, Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $50.00 to $38.00 in a report on Friday. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.20.

Comcast Price Performance

Shares of NASDAQ CMCSA traded up $0.36 during midday trading on Friday, hitting $33.61. The stock had a trading volume of 19,131,224 shares, compared to its average volume of 24,976,109. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a 50 day simple moving average of $38.80 and a 200-day simple moving average of $40.11. The company has a market capitalization of $128.62 billion, a PE ratio of 9.03, a P/E/G ratio of 1.36 and a beta of 1.01. Comcast has a 1 year low of $32.50 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.81% and a net margin of 11.92%. On average, sell-side analysts expect that Comcast will post 4.25 EPS for the current fiscal year.

Insider Activity

In other news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Winch Advisory Services LLC boosted its stake in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC purchased a new position in Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the fourth quarter worth approximately $28,000. McClarren Financial Advisors Inc. boosted its holdings in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the period. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Comcast in the 3rd quarter valued at $30,000. 84.32% of the stock is owned by institutional investors and hedge funds.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.