Comcast Corp (NASDAQ:CMCSA)’s traded shares stood at 2.03 million during the latest session, with the company’s beta value hitting 1.01. At the last check today, the stock’s price was $41.90, to imply an increase of 0.61% or $0.25 in intraday trading. The CMCSA share’s 52-week high remains $47.11, putting it -12.43% down since that peak but still an impressive 13.05% since price per share fell to its 52-week low of $36.43. The company has a valuation of $162.28B, with an average of 14.76 million shares in intraday trading volume over the past 10 days and average of 17.42 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Comcast Corp (CMCSA), translating to a mean rating of 2.06. Of 22 analyst(s) looking at the stock, 0 analyst(s) give CMCSA a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 15 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 1.06.
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Comcast Corp (NASDAQ:CMCSA) trade information
After registering a 0.61% upside in the latest session, Comcast Corp (CMCSA) has traded red over the past five days. The 5-day price performance for the stock is -0.06%, and 2.16% over 30 days. With these gigs, the year-to-date price performance is -4.44%. Short interest in Comcast Corp (NASDAQ:CMCSA) saw shorts transact 50.87 million shares and set a 2.46 days time to cover.
The extremes give us $36 and $75 for target low and target high price respectively. As such, CMCSA has been trading -79.0% off suggested target high and 14.08% from its likely low.
Comcast Corp (CMCSA) estimates and forecasts
Looking at statistics comparing Comcast Corp share performance against respective industry, we note that the company has outperformed competitors. Comcast Corp (CMCSA) shares are 8.65% up over the last 6 months, with its year-to-date growth rate higher than industry average at 6.53% against 4.50%. Revenue is forecast to shrink -1.90% this quarter before jumping 7.10% for the next one. The rating firms project that company’s revenue will grow 1.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 22 analysts is 31.63B. Meanwhile, for the current quarter, a total of 22 analyst(s) estimate revenue growth to 31.52B.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 7.96% for the past 5-year period. While 2024 is set for a 5.58% return in earnings, projections for the next 5 years are at 7.32% annually.
CMCSA Dividends
Comcast Corp has its next earnings report out on 2024-Oct-31. 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 Corp has a forward dividend ratio of 1.22, with the share yield ticking at 2.91% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.36%.
Comcast Corp (NASDAQ:CMCSA)’s Major holders
Comcast Corp insiders hold 0.71% of total outstanding shares, with institutional holders owning 87.88% of the shares at 88.51% float percentage. In total, 87.88% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 372.37 million shares (or 9.4057% of shares), all amounting to roughly $14.58 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 321.14 million shares, or about 8.1117% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $12.58 billion.
