Comcast (CMCSA)

• Market cap: $146B
• 1 day: 2.19%
• 5 days: -2.23%
• 1 month: -11.10%
• 3 months: -4.71%
• 6 months: 0.98%
• Year to date: -12.48%
• 1 year: -13.53%
• 5 years: -13.31%
• 10 years: 33.59%
• Sector: Communication Services
• Industry: Cable & Other Pay Television Services

About: Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 63 million US homes and businesses, or nearly half of the country. About 50% of the locations in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is a large television provider in the UK and has invested heavily in proprietary content to build this position. Sky is also a large pay-television provider in Italy and has a presence in Germany and Austria.

Employees: 186,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

62% more call options, than puts

Call options by funds: $1.47B | Put options by funds: $912M

20% more funds holding in top 10

Funds holding in top 10: 41 [Q2] → 49 (+8) [Q3]

11% more first-time investments, than exits

New positions opened: 175 | Existing positions closed: 158

1% more funds holding

Funds holding: 2,304 [Q2] → 2,321 (+17) [Q3]

1% more capital invested

Capital invested by funds: $130B [Q2] → $130B (+$658M) [Q3]

3.78% less ownership

Funds ownership: 84.48% [Q2] → 80.7% (-3.78%) [Q3]

20% less repeat investments, than reductions

Existing positions increased: 840 | Existing positions reduced: 1,056

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $42 10% upside
• Avg. target: $48 25% upside
• High target: $60 57% upside

12 analyst ratings

• positive: 7 58%
• neutral: 5 42%
• negative: 0 0%

Morgan Stanley Benjamin Swinburne 72% 1-year accuracy 13 / 18 met price target	18% upside $45	Equal-Weight Downgraded	16 Dec 2024
Seaport Global David Joyce 62% 1-year accuracy 8 / 13 met price target	20% upside $46	Buy Upgraded	12 Dec 2024
Benchmark Matthew Harrigan 51% 1-year accuracy 39 / 77 met price target	57% upside $60	Buy Reiterated	20 Nov 2024
Macquarie Tim Nollen 71% 1-year accuracy 29 / 41 met price target	10% upside $42	Neutral Maintained	18 Nov 2024
Rosenblatt Barton Crockett 73% 1-year accuracy 41 / 56 met price target	18% upside $45	Neutral Maintained	6 Nov 2024