Comcast Corp (NASDAQ: CMCSA) May Be Attracting Institutional Investments

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. Recently, Yahoo Finance discussed the stock, revealing that Comcast Texas Commits More Than $1M to Shrink Local Digital Divide in 2024.

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Stocks Info

Comcast Corp is listed on the NASDAQ as a member of the Communication Services sector and is a part of the Telecom Services industry. At the end of the last regular session, the stock closed at $43.19 and fluctuated between $43.62 as its day high and $42.79 as its day low. The current market capitalization of Comcast Corp is $171.52B. A total of 18.74 million shares were traded on the day, compared to an average of 19.74M shares.

In the most recent transaction, Cavanagh Michael J sold 114,749 shares of CMCSA for 46.10 per share on Jan 29 ’24. After the transaction, the President now owns 0 company shares. In a previous transaction on Nov 20 ’23, 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 ’23 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

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Comcast Corp pays an annual dividend of $1.16, resulting in a dividend yield of 2.69%, and it has a price to earnings (P/E) ratio of 11.65. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 4.15.

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