Comcast Corporation (NASDAQ:CMCSA)’s traded shares stood at 51.67 million during the last session, with the company’s beta value hitting 1.00. At the close of trading, the stock’s price was $36.03, to imply a decrease of -0.58% or -$0.21 in intraday trading. The CMCSA share’s 52-week high remains $48.42, putting it -34.39% down since that peak but still an impressive 21.2% since price per share fell to its 52-week low of $28.39. The company has a valuation of $152.59B, with an average of 19.59 million shares in intraday trading volume over the past 10 days and average of 19.68 million shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Comcast Corporation (CMCSA), translating to a mean rating of 2.40. Of 33 analyst(s) looking at the stock, 2 analyst(s) give CMCSA a Sell rating. 2 of those analysts rate the stock as Overweight while 13 advise Hold as 16 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.82.
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Comcast Corporation (NASDAQ:CMCSA) trade information
After registering a -0.58% downside in the last session, Comcast Corporation (CMCSA) has traded red over the past five days. The stock hit a weekly high of 36.31 this Friday, 03/17/23, dropping -0.58% in its intraday price action. The 5-day price performance for the stock is 2.04%, and -8.60% over 30 days. With these gigs, the year-to-date price performance is 3.03%. Short interest in Comcast Corporation (NASDAQ:CMCSA) saw shorts transact 53.64 million shares and set a 2.54 days time to cover.
Analysts on Wall Street suggest a consensus price target of $42.74, implying an increase of 15.7% to the stock’s current value. The extremes give us $33.00 and $51.00 for target low and target high price respectively. As such, CMCSA has been trading -41.55% off suggested target high and 8.41% from its likely low.
Comcast Corporation (CMCSA) estimates and forecasts
Looking at statistics comparing Comcast Corporation share performance against respective industry, we note that the company has outperformed competitors. Comcast Corporation (CMCSA) shares are 5.97% up over the last 6 months, with its year-to-date growth rate higher than industry average at 0.82% against 0.70%. Revenue is forecast to shrink -4.70% this quarter before falling -5.00% for the next one. The rating firms project that company’s revenue will shrink -0.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 21 analysts is $29.52 billion. Meanwhile, for the quarter ending Jun 2023, a total of 19 analyst(s) estimate revenue growth to $29.98 billion.Earnings reports from the last fiscal year show that sales brought in $31.01 billion and $30.02 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -4.80% before dropping -0.10% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -10.40% for the past 5-year period. While 2023 is set for a -60.20% return in earnings, projections for the next 5 years are at 6.90% annually.
Comcast Corporation has its next earnings report out between April 26 and May 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Comcast Corporation has a forward dividend ratio of 1.16, with the share yield ticking at 3.22% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Comcast Corporation (NASDAQ:CMCSA)’s Major holders
Comcast Corporation insiders hold 0.73% of total outstanding shares, with institutional holders owning 88.69% of the shares at 89.34% float percentage. In total, 88.69% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 405.07 million shares (or 9.63% of shares), all amounting to roughly $11.88 billion.
The next major institution holding the largest number of shares is Blackrock Inc. with 317.75 million shares, or about 7.55% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $9.32 billion.
We also have Vanguard Total Stock Market Index Fund and Washington Mutual Investors Fund as the top two Mutual Funds with the largest holdings of the Comcast Corporation (CMCSA) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 131.3 million shares. This is just over 3.12% of the total shares, with a market valuation of $3.85 billion. Data from the same date shows that the other fund manager holds a little less at 100.59 million, or 2.39% of the shares, all valued at about 3.52 billion.