Comcast Co. (NASDAQ:CMCSA) Short Interest Update

Comcast Co. (NASDAQ:CMCSA - Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 53,510,000 shares, a growth of 14.4% from the March 31st total of 46,790,000 shares. Based on an average trading volume of 21,540,000 shares, the short-interest ratio is currently 2.5 days. Currently, 1.4% of the company's shares are short sold.

Institutional Trading of Comcast

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Greenwich Wealth Management LLC raised its position in Comcast by 2.6% in the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant's stock valued at $372,000 after buying an additional 219 shares during the last quarter. Legend Financial Advisors Inc. raised its position in Comcast by 17.5% in the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant's stock valued at $65,000 after buying an additional 220 shares during the last quarter. Beaumont Asset Management L.L.C. increased its position in shares of Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant's stock worth $620,000 after purchasing an additional 226 shares during the last quarter. Keystone Financial Services increased its position in shares of Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant's stock worth $896,000 after purchasing an additional 229 shares during the last quarter. Finally, Ironwood Financial llc increased its position in shares of Comcast by 1.6% during the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant's stock worth $685,000 after purchasing an additional 238 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Comcast from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 22nd. Wells Fargo & Company reduced their target price on shares of Comcast from $47.00 to $43.00 and set an "equal weight" rating for the company in a research note on Friday. Scotiabank reduced their price objective on shares of Comcast from $50.00 to $47.25 and set a "sector perform" rating for the company in a research note on Friday. Evercore ISI restated an "outperform" rating and set a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $45.00 price target on shares of Comcast in a report on Friday. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Comcast presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.60.

Comcast Price Performance

CMCSA stock traded up $0.28 during trading on Monday, hitting $38.85. The company had a trading volume of 14,665,014 shares, compared to its average volume of 20,884,555. Comcast has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $154.31 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 0.95 and a beta of 0.98. The business has a 50 day moving average of $41.54 and a 200 day moving average of $42.51.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the prior year, the company earned $0.92 EPS. Comcast's revenue was up 1.2% on a year-over-year basis. As a group, research analysts predict that Comcast will post 4.21 earnings per share for the current year.

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.

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