Comcast Corp (NASDAQ: CMCSA) is -10.82% lower on its value in year-to-date trading and has touched a low of $32.50 and a high of $45.31 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 $33.38 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $33.47, the stock is -7.04% and -6.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 46.13 million and changing 0.27% at the moment leaves the stock -14.10% off its SMA200. CMCSA registered -18.58% loss for a year compared to 6-month loss of -17.99%. The firm has a 50-day simple moving average (SMA 50) of $35.7204 and a 200-day simple moving average (SMA200) of $38.96315.
The stock witnessed a -10.96% gain in the last 1 month and extending the period to 3 months gives it a -11.15%, and is -9.30% 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 3.70% over the week and 2.68% over the month.
Comcast Corp (CMCSA) has around 182000 employees, a market worth around $126.55B and $123.73B in sales. Current P/E ratio is 8.07 and Fwd P/E is 7.04. Profit margin for the company is 13.09%. Distance from 52-week low is 2.98% and -26.13% from its 52-week high. The company has generated returns on investments over the last 12 months (8.74%).
with sales reaching $29.79B over the same period.The EPS is expected to shrink by -1.19% this year, but quarterly earnings will post -0.99% year-over-year. Quarterly sales are estimated to shrink -0.88% in year-over-year returns.
Comcast Corp (CMCSA) Top Institutional Holders
3073.0 institutions hold shares in Comcast Corp (CMCSA), with institutional investors hold 89.61% of the company’s shares. The shares outstanding are 3.78B, and float is at 3.74B with Short Float at 1.60%. Institutions hold 88.96% 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 8.2239 of the shares outstanding. The other top investors are STATE STREET CORP which holds 166.56 million shares representing 4.2653% and valued at over $6.52 billion, while CAPITAL WORLD INVESTORS holds 3.2816 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 ROBERTS BRIAN L, the company’s Chairman of Board & CEO. SEC filings show that ROBERTS BRIAN L sold 235,051 shares of the company’s common stock on Nov 27 ’24 at a price of $42.80 per share for a total of $10.06 million. Following the sale, the insider now owns 6.43 million shares.
Comcast Corp disclosed in a document filed with the SEC on Nov 26 ’24 that ROBERTS BRIAN L (Chairman of Board & CEO) sold a total of 234,464 shares of the company’s common stock. The trade occurred on Nov 26 ’24 and was made at $42.66 per share for $10.0 million. Following the transaction, the insider now directly holds 6.67 million shares of the CMCSA stock.
Still, SEC filings show that on Nov 26 ’24, Cavanagh Michael J (President) disposed off 107,622 shares at an average price of $42.53 for $4.58 million. The insider now directly holds 452,650 shares of Comcast Corp (CMCSA).
