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Saturday, June 3, 2023

There’s No Need To Panic Or Freeze When It Comes To Comcast Corporation (NASDAQ: CMCSA)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Comcast Corporation (CMCSA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 0.13%, to $39.79. The Comcast Corporation has recorded 372,330 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Our Sustainable Future.

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Stocks Info

The company is listed on the NASDAQ and operates within the Telecom Services industry segment. At the end of the last regular session, the stock closed at $39.74 and fluctuated between $40.18 as its day high and $39.53 as its day low. The current market capitalization of Comcast Corporation is $166.33B. A total of 12.33 million shares were traded on the day, compared to an average of 18.52M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CMCSA has seen 29 BUY and 24 SELL insider trades, representing the acquisition of 241,586 and the disposition of 194,472 shares. Over the last 12 months, there were 64 BUYs and 42 SELLs from insiders. Insiders purchased 1,606,474 shares during that period but sold 1,335,734.

In the most recent transaction, COMCAST CORP sold 37,176 shares of CMCSA for 2.03 per share on Feb 21. After the transaction, the 10% Owner now owns 19,507,693 company shares. In a previous transaction on Feb 16, COMCAST CORP sold 487,146 shares at 2.05 per share. CMCSA shares that 10% Owner owns now total 19,544,869.

Among the insiders who sold shares, COMCAST CORP disposed of 1,685,689 shares on Feb 06 at a per-share price of $2.23. This resulted in the 10% Owner holding 20,032,015 shares of CMCSA after the transaction. In another insider transaction, COMCAST CORP sold 1,729,407 shares at $2.25 per share on Feb 03. Company shares held by the 10% Owner now total 21,717,704.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Comcast Corporation pays an annual dividend of $1.16, resulting in a dividend yield of 2.92%, and it has a price to earnings (P/E) ratio of 30.13. CMCSA’s most recent ex-dividend date was 4/4/2023 when it declared a $0.29 quarterly dividend that was paid in cash on 4/26/2023. Previously, the company paid the dividend on 1/25/2023 with an ex-dividend date of 1/3/2023. The CMCSA stock dividend was $0.27 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CMCSA in the last 3 months, the mean price target is $44.81 with high estimates of $55.00 and low estimates of $35.00. In terms of 52-week highs and lows, CMCSA has a high of $44.66 and a low of $28.39.

As of this writing, CMCSA has an earnings estimate of $0.99 per share for the current quarter. EPS was calculated based on a consensus of 22 estimates, with a high estimate of $1.08 per share and a lower estimate of $0.9. The company reported an EPS of $0.82 in the last quarter, which was 6.50% higher than expectations of $0.77.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CMCSA’s latest balance sheet shows that the firm has $8.71B in Cash & Short Term Investments as of fiscal 2021. There were $94.85B in debt and $29.35B in liabilities at the time. Its Book Value Per Share was $19.59, while its Total Shareholder’s Equity was $98.01B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CMCSA is Buy with a score of 4.29.

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