Comcast Corp (NASDAQ: CMCSA) is -8.21% lower on its value in year-to-date trading and has touched a low of $36.43 and a high of $47.30 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 $39.82 in the last trading session, with the day’s gains setting it 0.43%.
Currently trading at $40.25, the stock is 1.49% and 3.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.12 million and changing 1.08% at the moment leaves the stock -1.92% off its SMA200. CMCSA registered -11.03% loss for a year compared to 6-month loss of -4.60%.
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The stock witnessed a 1.41% gain in the last 1 month and extending the period to 3 months gives it a 4.44%, and is -0.02% 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 1.40% over the week and 2.04% over the month.
Comcast Corp (CMCSA) has around 186000 employees, a market worth around $155.87B and $121.11B in sales. Current P/E ratio is 10.73 and Fwd P/E is 9.07. Profit margin for the company is 12.46%. Distance from 52-week low is 10.49% and -14.90% from its 52-week high. The company has generated returns on investments over the last 12 months (8.04%).
with sales reaching $31.6B over the same period.The EPS is expected to grow by 5.75% this year, but quarterly earnings will post 1.10% year-over-year.
Comcast Corp (CMCSA) Top Institutional Holders
3007.0 institutions hold shares in Comcast Corp (CMCSA), with institutional investors hold 88.55% of the company’s shares. The shares outstanding are 3.97B, and float is at 3.83B with Short Float at 1.45%. Institutions hold 87.92% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 372.37 million shares valued at $14.58 billion. The investor’s holdings represent 9.4057% of the CMCSA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 321.14 million shares valued at $12.58 billion to account for 8.1117 of the shares outstanding. The other top investors are STATE STREET CORP which holds 166.56 million shares representing 4.2071% and valued at over $6.52 billion, while CAPITAL WORLD INVESTORS holds 3.2369 of the shares totaling 128.15 million with a market value of $5.02 billion.
Comcast Corp (CMCSA) Insider Activity
The most recent transaction is an insider sale by COMCAST CORP, the company’s 10% Owner. SEC filings show that COMCAST CORP sold 3,176,923 shares of the company’s common stock on May 22 ’24 at a price of $3.19 per share for a total of $10.15 million. Following the sale, the insider now owns 2.0 million shares.
Comcast Corp disclosed in a document filed with the SEC on Jan 29 ’24 that Cavanagh Michael J (President) sold a total of 114,749 shares of the company’s common stock. The trade occurred on Jan 29 ’24 and was made at $46.10 per share for $5.29 million. Following the transaction, the insider now directly holds 0.0 shares of the CMCSA stock.
Still, SEC filings show that on Nov 20 ’23, Armstrong Jason (CFO) disposed off 41,663 shares at an average price of $42.63 for $1.78 million. The insider now directly holds 14,458 shares of Comcast Corp (CMCSA).
