Comcast Corp (NASDAQ:CMCSA) has a beta value of 1.01 and has seen 21.75 million shares traded in the last trading session. The company, currently valued at $164.28B, closed the last trade at $42.53 per share which meant it lost -$1.03 on the day or -2.36% during that session. The CMCSA stock price is -10.77% off its 52-week high price of $47.11 and 14.34% above the 52-week low of $36.43. If we look at the company’s 10-day average daily trading volume, we find that it stood at 21.52 million shares traded. The 3-month trading volume is 17.58 million shares.
The consensus among analysts is that Comcast Corp (CMCSA) is Buy stock at the moment, with a recommendation rating of 2.06. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 22 have rated it as a Hold, with 15 advising it as a Buy. 0 have rated the stock as Underweight.
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Comcast Corp (NASDAQ:CMCSA) trade information
Sporting -2.36% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CMCSA stock price touched $42.53 or saw a rise of 6.14%. Year-to-date, Comcast Corp shares have moved -3.01%, while the 5-day performance has seen it change 1.65%. Over the past 30 days, the shares of Comcast Corp (NASDAQ:CMCSA) have changed 3.25%. Short interest in the company has seen 57.79 million shares shorted with days to cover at 3.16.
Wall Street analysts have a consensus price target for the stock at $50, which means that the shares’ value could jump 14.94% from current levels. The projected low price target is $36.0 while the price target rests at a high of $75.0. In that case, then, we find that the current price level is -76.35% off the targeted high while a plunge would see the stock lose 15.35% from current levels.
Comcast Corp (CMCSA) estimates and forecasts
Figures show that Comcast Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 10.50% over the past 6 months, with this year growth rate of 7.29%, compared to 3.80% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.96% over the past 5 years. Earnings growth for 2024 is a modest 6.07% while over the next 5 years, the company’s earnings are expected to increase by 7.88%.
CMCSA Dividends
Comcast Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.22 at a share yield of 2.87%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.37%.
Comcast Corp (NASDAQ:CMCSA)’s Major holders
Insiders own 0.72% of the company shares, while shares held by institutions stand at 88.70% with a share float percentage of 89.35%. Investors are also buoyed by the number of investors in a company, with Comcast Corp having a total of 2983.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 372.37 million shares worth more than $14.58 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.4057% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 321.14 million shares as of 2024-06-30. The firm’s total holdings are worth over $12.58 billion and represent 8.1117% of shares outstanding.
