Comcast Corp (NASDAQ: CMCSA) is -4.65% lower on its value in year-to-date trading and has touched a low of $36.38 and a high of $47.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CMCSA stock was last observed hovering at around $42.28 in the last trading session, with the day’s loss setting it -0.47%.
Currently trading at $41.81, the stock is -2.16% and -3.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.91 million and changing -1.11% at the moment leaves the stock -3.65% off its SMA200. CMCSA registered 12.54% gain for a year compared to 6-month loss of -5.71%. The firm has a 50-day simple moving average (SMA 50) of $2.11 and a 200-day simple moving average (SMA200) of $6.61.
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The stock witnessed a -2.31% gain in the last 1 month and extending the period to 3 months gives it a -4.65%, and is -1.95% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.73% over the week and 1.81% over the month.
Comcast Corp (CMCSA) has around 186000 employees, a market worth around $166.06B and $121.57B in sales. Current P/E ratio is 11.28 and Fwd P/E is 9.09. Profit margin for the company is 12.66%. Distance from 52-week low is 14.91% and -11.90% from its 52-week high. The company has generated returns on investments over the last 12 months (8.38%).
Comcast Corp quarterly earnings per share for the current quarter are estimated at $0.99 with sales reaching $29.87B over the same period.The EPS is expected to grow by 6.87% this year, but quarterly earnings will post 2.20% year-over-year. Quarterly sales are estimated to grow 1.90% in year-over-year returns.
Comcast Corp (CMCSA) Top Institutional Holders
3,060 institutions hold shares in Comcast Corp (CMCSA), with institutional investors hold 88.97% of the company’s shares. The shares outstanding are 3.97B, and float is at 3.93B with Short Float at 1.23%. Institutions hold 88.29% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 390.36 million shares valued at $16.22 billion. The investor’s holdings represent 9.48% of the CMCSA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 314.16 million shares valued at $13.05 billion to account for 7.63% of the shares outstanding. The other top investors are Capital International Investors which holds 172.03 million shares representing 4.18% and valued at over $7.15 billion, while State Street Corporation holds 3.89% of the shares totaling 160.12 million with a market value of $6.65 billion.
Comcast Corp (CMCSA) Insider Activity
The most recent transaction is an insider sale by Cavanagh Michael J,the company’sPresident. SEC filings show that Cavanagh Michael J sold 114,749 shares of the company’s common stock on Jan 29 ’24 at a price of $46.10 per share for a total of $5.29 million. Following the sale, the insider now owns 0.0 shares.
Comcast Corp disclosed in a document filed with the SEC on Nov 20 ’23 that Armstrong Jason (CFO) sold a total of 41,663 shares of the company’s common stock. The trade occurred on Nov 20 ’23 and was made at $42.63 per share for $1.78 million. Following the transaction, the insider now directly holds 14458.0 shares of the CMCSA stock.
Still, SEC filings show that on Nov 14 ’23, ROBERTS BRIAN L (Chairman of Board & CEO) disposed off 616,143 shares at an average price of $41.92 for $25.83 million. The insider now directly holds 16,909,517 shares of Comcast Corp (CMCSA).
