Capital Research & Management Co recently announced the acquisition of new stake in Comcast Corp (NASDAQ:CMCSA). The institutional investor has increased its shareholding in the Communication Services company by 3.69% to 92.15 million shares with purchase of 3.28 million shares. This fresh investment now brings its stake to 2.30% valued currently at $4.04 billion. In addition, Geode Capital Management LLC raised its holdings by 0.99 million to 81.4 million shares.
Currently, there are 4.21B common shares owned by the public and among those 3.98B shares have been available to trade.
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Insiders at the company have transacted a total of 81 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 46 of these insider trades were purchases, accounting for 279,789 shares. Insider sales of the common stock occurred on 35 occasions, with total insider shares sold totaling 1,289,572 shares.
The top 3 mutual fund holders in Comcast Corp are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Washington Mutual Investors Fund. Vanguard Total Stock Market ETF owns 125.97 million shares of the company’s stock, all valued at over $5.52 billion. The company sold -3.01 million shares recently to bring their total holdings to about 3.14% of the shares outstanding. Vanguard 500 Index Fund sold -2.26 million shares to see its total holdings shrink to 98.05 million shares valued at over $4.3 billion and representing 2.44% of the shares outstanding. Washington Mutual Investors Fund sold -3.34 million shares to bring its total holdings to over 92.13 million shares at a value of $4.04 billion. Washington Mutual Investors Fund now owns shares totaling to 2.29% of the shares outstanding.
The company’s stock has a 5-day price change of 6.71% and 8.21% over the past three months. CMCSA shares are trading 5.50% year to date (YTD), with the 12-month market performance up to 15.36% higher. It has a 12-month low price of $34.63 and touched a high of $47.46 over the same period. CMCSA has an average intraday trading volume of 18.89 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.43%, 7.35%, and 8.55% respectively.
Institutional ownership of Comcast Corp (NASDAQ: CMCSA) shares accounts for 85.49% of the company’s 4.21B shares outstanding. Mutual fund holders own 35.48%, while other institutional holders and individual stakeholders account for 50.60% and 0.90% respectively.
It has a market capitalization of $186.20B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 12.48, while the earnings-per-share (ttm) stands at $3.71. The company has a PEG of 1.28 and a Quick Ratio of 0.70 with the debt-to-equity ratio at 1.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.66% over the week and 1.83% over the month.
Analysts forecast that Comcast Corp (CMCSA) will achieve an EPS of $0.99 for the current quarter, $1.16 for the next quarter and $4.71 for 2025. The lowest estimate earnings-per-share for the quarter is $0.9 while analysts give the company a high EPS estimate of $1.09. Comparatively, EPS for the current quarter was $0.92 a year ago. Earnings per share for the fiscal year are expected to increase by 7.68%, and 9.79% over the next financial year. EPS should grow at an annualized rate of 9.78% over the next five years, compared to 7.96% over the past 5-year period.
Looking at the support for the CMCSA, a number of firms have released research notes about the stock. Pivotal Research Group stated their Buy rating for the stock in a research note on December 13, 2023, with the firm’s price target at $55-$58.
