In today’s recent session, 3.87 million shares of the Comcast Corp (NASDAQ:CMCSA) have been traded, and its beta is 1.00. Most recently the company’s share price was $39.05, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $149.43B. CMCSA at last check was trading at a discount to its 52-week high of $47.11, offering almost -20.64% off that amount. The share price’s 52-week low was $36.43, which indicates that the recent value has risen by an impressive 6.71% since then. We note from Comcast Corp’s average daily trading volume that its 10-day average is 18.74 million shares, with the 3-month average coming to 18.57 million.
Comcast Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.03. If we narrow it down even further, the data shows that 0 out of 30 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 12 recommended CMCSA as a Hold, whereas 11 deemed it a Buy, and 1 rated it as Underweight. Comcast Corp is expected to report earnings per share of 0.87 for the current quarter.
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Comcast Corp (NASDAQ:CMCSA) trade information
The performance over the last five days has remained in the red territory. The rise to weekly highs of 43.30 on recent trading dayincreased the stock’s daily price by 9.82%. The company’s shares are currently down -10.95% year-to-date, but still down -8.89% over the last five days. On the other hand, Comcast Corp (NASDAQ:CMCSA) is -11.07% down in the 30-day period. We can see from the shorts that 57.85 million shares have been sold at a short interest cover period of 3.04 day(s).
The consensus price target as assigned by Wall Street analysts is $47.88, which translates to bulls needing to increase their stock price by 18.44% from its current value. Analyst projections state that CMCSA is forecast to be at a low of $44 and a high of $50.
Comcast Corp (CMCSA) estimates and forecasts
Comcast Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 1.91 percent over the past six months and at a 7.04% annual growth rate that is well above the industry average of 6.70%. The year-over-year growth rate is expected to be 1.55%, up from the previous year.
Consensus estimates provided by 24 financial analysts predict the company will bring in an average of 31.65B in revenue for the current quarter. 12 analysts expect Comcast Corp to make 30.05B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 31.25B and 30.06B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.26%. Forecasts for the next quarter put sales growth at -0.02%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.96%. Comcast Corp earnings are expected to increase by 6.24% in 2024, but the outlook is positive 8.26% per year for the next five years.
CMCSA Dividends
Comcast Corp’s next quarterly earnings report is expected to be released in January. The annual dividend yield of the stock is 3.12 percent and its annual dividend per share was 1.22. It is important to note, however, that the 3.12% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.39 per year.
Comcast Corp (NASDAQ:CMCSA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.70% of Comcast Corp shares, and 87.36% of them are in the hands of institutional investors. The stock currently has a share float of 87.97%. Comcast Corp stock is held by 3024.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.4057% of the shares, which is about 372.37 million shares worth $14.58 billion.
BLACKROCK INC., with 8.1117% or 321.14 million shares worth $12.58 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
