During the recent session, Comcast Corp (NASDAQ:CMCSA)’s traded shares were 1.52 million, with the beta value of the company hitting 1.01. At the last check today, the stock’s price was $37.53, reflecting an intraday gain of 0.17% or $0.06. The 52-week high for the CMCSA share is $47.11, that puts it down -25.53 from that peak though still a striking 3.68% gain since the share price plummeted to a 52-week low of $36.15. The company’s market capitalization is $143.63B, and the average intraday trading volume over the past 10 days was 22.52 million shares, and the average trade volume was 20.97 million shares over the past three months.
Comcast Corp (CMCSA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.03. CMCSA has a Sell rating from 0 analyst(s) out of 22 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 15 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.87.
Comcast Corp (NASDAQ:CMCSA) trade information
Comcast Corp (CMCSA) registered a 0.17% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.17% in intraday trading to $37.53, hitting a weekly high. The stock’s 5-day price performance is 3.37%, and it has moved by -1.79% in 30 days. Based on these gigs, the overall price performance for the year is -14.60%. The short interest in Comcast Corp (NASDAQ:CMCSA) is 53.5 million shares and it means that shorts have 2.52 day(s) to cover.
The consensus price target of analysts on Wall Street is $47.38, which implies an increase of 20.79% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $44 and $50 respectively. As a result, CMCSA is trading at a discount of -33.23% off the target high and -17.24% off the low.
Comcast Corp (CMCSA) estimates and forecasts
Statistics show that Comcast Corp has underperformed its competitors in share price, compared to the industry in which it operates. Comcast Corp (CMCSA) shares have gone down -1.46% during the last six months, with a year-to-date growth rate less than the industry average at 6.78% against 8.90. In the rating firms’ projections, revenue will increase 1.52% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 31.63B as predicted by 24 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 30.02B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 31.25B and 30.06B respectively. In this case, analysts expect current quarter sales to grow by 1.19% and then drop by -0.12% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 7.96%. While earnings are projected to return 6.21% in 2025, the next five years will return 8.26% per annum.
CMCSA Dividends
Comcast Corp is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Comcast Corp is 1.24, with the dividend yield indicating at 3.30 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.41%.
Comcast Corp (NASDAQ:CMCSA)’s Major holders
Comcast Corp insiders own 0.70% of total outstanding shares while institutional holders control 87.28%, with the float percentage being 87.89%. VANGUARD GROUP INC is the largest shareholder of the company, while 3007.0 institutions own stock in it. As of 2024-06-30, the company held over 372.37 million shares (or 9.4057% of all shares), a total value of $14.58 billion in shares.
The next largest institutional holding, with 321.14 million shares, is of BLACKROCK INC.’s that is approximately 8.1117% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $12.58 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Comcast Corp (CMCSA) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 122.44 shares. This amounts to just over 3.21 percent of the company’s overall shares, with a $4.6 billion market value. The same data shows that the other fund manager holds slightly less at 101.18, or about 2.65% of the stock, which is worth about $3.8 billion.
