Comcast Corp (CMCSA): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Comcast Advertising Launches Signal Authentication Service to Improve the Accuracy of Cross-Screen Measurement and Attribution of Television Advertising.

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Stocks Info

This NASDAQ-listed company operates within the Telecom Services industry segment, falling under the Communication Services sector. The current market capitalization of Comcast Corp is $170.00B. A total of 15.01 million shares were traded on the day, compared to an average of 19.89M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CMCSA has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 36 BUYs and 25 SELLs from insiders. Insiders purchased 206,244 shares during that period but sold 1,255,748.

In the most recent transaction, Cavanagh Michael J sold 114,749 shares of CMCSA for 46.10 per share on Jan 29. After the transaction, the President now owns 0 company shares. In a previous transaction on Nov 20, Armstrong Jason sold 41,663 shares at 42.63 per share. CMCSA shares that CFO owns now total 14,458.

Among the insiders who sold shares, ROBERTS BRIAN L disposed of 616,143 shares on Nov 14 at a per-share price of $41.92. This resulted in the Chairman of Board & CEO holding 16,909,517 shares of CMCSA after the transaction.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Comcast Corp pays an annual dividend of $1.16, resulting in a dividend yield of 2.71%, and it has a price to earnings (P/E) ratio of 11.55. CMCSA’s most recent ex-dividend date was 4/2/2024 when it declared a $0.31 quarterly dividend that was paid in cash on 4/24/2024. Previously, the company paid the dividend on 1/24/2024 with an ex-dividend date of 1/2/2024. The CMCSA stock dividend was $0.29 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CMCSA has a high of $47.46 and a low of $34.63.

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 19 estimates, with a high estimate of $1.06 per share and a lower estimate of $0.91. The company reported an EPS of $1.08 in the last quarter, which was 13.70% higher than expectations of $0.95.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CMCSA’s latest balance sheet shows that the firm has $8.71B in Cash & Short Term Investments as of fiscal 2021. There were $100.02B in debt and $29.35B in liabilities at the time. Its Book Value Per Share was $20.79, while its Total Shareholder’s Equity was $98.01B.

Analysts Opinion

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. 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 4.19.

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