Comcast Corp (NASDAQ: CMCSA) is 0.80% higher on its value in year-to-date trading and has touched a low of $36.43 and a high of $47.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CMCSA stock was last observed hovering at around $43.91 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $44.20, the stock is 3.83% and 7.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.83 million and changing 0.66% at the moment leaves the stock 9.09% off its SMA200. CMCSA registered 8.12% gain for a year compared to 6-month gain of 11.34%. The firm has a 50-day simple moving average (SMA 50) of $41.178 and a 200-day simple moving average (SMA200) of $40.5281.
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The stock witnessed a 7.13% loss in the last 1 month and extending the period to 3 months gives it a 12.99%, and is 3.93% up 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 2.22% over the week and 2.34% over the month.
Comcast Corp (CMCSA) has around 186000 employees, a market worth around $168.06B and $123.07B in sales. Current P/E ratio is 11.91 and Fwd P/E is 10.03. Profit margin for the company is 11.92%. Distance from 52-week low is 21.33% and -6.18% from its 52-week high. The company has generated returns on investments over the last 12 months (7.95%).
The EPS is expected to grow by 6.11% this year.
Comcast Corp (CMCSA) Top Institutional Holders
2982.0 institutions hold shares in Comcast Corp (CMCSA), with institutional investors hold 89.27% of the company’s shares. The shares outstanding are 3.97B, and float is at 3.79B with Short Float at 1.52%. Institutions hold 88.64% 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 Armstrong Jason, the company’s CFO. SEC filings show that Armstrong Jason sold 23,248 shares of the company’s common stock on Nov 06 ’24 at a price of $44.84 per share for a total of $1.04 million. Following the sale, the insider now owns 80276.0 shares.
Still, SEC filings show that on May 22 ’24, COMCAST CORP (10% Owner) disposed off 3,176,923 shares at an average price of $3.19 for $10.15 million. The insider now directly holds 2,000,000 shares of Comcast Corp (CMCSA).
