In the latest trading session, 3.24 million Comcast Corp (NASDAQ:CMCSA) shares changed hands as the company’s beta touched 1.02. With the company’s most recent per share price at $33.40 changed hands at -$0.15 or -0.46% at last look, the market valuation stands at $126.27B. CMCSA’s current price is a discount, trading about -35.87% off its 52-week high of $45.38. The share price had its 52-week low at $32.50, which suggests the last value was 2.69% up since then. When we look at Comcast Corp’s average trading volume, we note the 10-day average is 30.38 million shares, with the 3-month average coming to 22.60 million.
Analysts gave the Comcast Corp (CMCSA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.06. If we narrow down to specifics, the data shows that 0 out of 22 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended CMCSA as a Hold, 15 felt it is a Buy and 0 rated the stock as Underweight. Comcast Corp’s EPS for the current quarter is expected to be 1.0.
Comcast Corp (NASDAQ:CMCSA) trade information
Instantly CMCSA was in red as seen in intraday trades today. With action -10.61%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -11.02%, with the 5-day performance at -10.61% in the red. However, in the 30-day time frame, Comcast Corp (NASDAQ:CMCSA) is -11.35% down. Looking at the short shares, we see there were 56.7 million shares sold at short interest cover period of 2.51 days.
The consensus price target for the stock as assigned by Wall Street analysts is 46.5, meaning bulls need an upside of 28.17% from its recent market value. According to analyst projections, CMCSA’s forecast low is 37 with 48 as the target high. To hit the forecast high, the stock’s price needs a -43.71% plunge from its current level, while the stock would need to soar -10.78% for it to hit the projected low.
Comcast Corp (CMCSA) estimates and forecasts
Data shows that the Comcast Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -14.77% over the past 6 months, a 0.00% in annual growth rate that is considerably lower than the industry average of 5.70%. Year-over-year growth is forecast to reach -0.94% down from the last financial year.
Consensus estimates given by 22 financial analysts project the company’s revenue in the current quarter to hit an average of 29.84B. 21 analysts are of the opinion that Comcast Corp’s revenue for the current quarter will be 29.83B. The company’s revenue for the corresponding quarters a year ago was 30.06B and 29.69B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -0.73%. The estimates for the next quarter sales put growth at 0.47%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.90%. The 2025 estimates are for Comcast Corp earnings to decrease by -0.53%, but the outlook for the next 5-year period is at 6.77% per year.
CMCSA Dividends
Comcast Corp is expected to release its next quarterly earnings report in March. The 3.71% annual yield figure for the share gives it an annual dividend of 1.24. It is important to note, however, that the 3.71% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.41 per year.
Comcast Corp (NASDAQ:CMCSA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.70% of Comcast Corp shares while 87.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 87.82%. There are 87.20% institutions holding the Comcast Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.4057% of the shares, roughly 372.37 million CMCSA shares worth $14.58 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.1117% or 321.14 million shares worth $12.58 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 122.44 shares estimated at $4.08 billion under it, the former controlled 3.25% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.68% of the shares, roughly 101.18 shares worth around $3.37 billion.
