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How To Buy Comcast Stock
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how to buy comcast stock
Valuing Comcast stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Comcast's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Recently Comcast has paid out, on average, around 30.14% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.18% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Comcast shareholders could enjoy a 3.18% return on their shares, in the form of dividend payments. In Comcast's case, that would currently equate to about $1.08 per share.
I'm a U.S. based financial writer with an MBA in Finance. I have over 14 years of investment experience, and generally focus on stocks that are more defensive in nature, with a medium to long-term horizon. My goal is to share useful and insightful knowledge and analysis with readers. Contributing author for Hoya Capital Income Builder.
The current bear market has produced a number of bargains, and in some ways, value investors may feel like a kid in a candy store. While the recent market rally has reversed some of the losses, it's important to keep in mind that many stocks are still trading well off their prices just a year ago.
Both stocks look very attractive relative to their past. Comcast trades well below its decade-high P/E of 21.1X and at a 43% discount from its median of 17.4X. When comparing this period, DISH trades even further from its decade high of 50.1X and 65% beneath its decade median of 17.1X.
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year. These returns cover a period from January 1, 1988 through February 6, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
In February 1990, Ralph Roberts' son, Brian L. Roberts, succeeded his father as president of Comcast.[87] Two years later, the company's mobile division, Comcast Cellular, purchased a controlling interest in Metromedia's Philadelphia-area cellular telephone interests, Metrophone.[77][88] By 1994, Comcast owned 50% stock in the cable communications company Garden State Cable, who by that year were serving approximately 195,000 subscribers.[89] That same year, Comcast became the third-largest cable operator in the United States, with around 3.5 million subscribers following its purchase of Maclean-Hunter's American division for $1.27 billion.[83][90] Comcast grew to 4.3 million subscribers the following year with the purchase of the cable operation of E. W. Scripps Company for $1.575 billion in stock.[91]
However, on December 11, 2017, Comcast officially dropped the bid, saying that "We never got the level of engagement needed to make a definitive offer."[174] On December 14, Disney officially confirmed its acquisition of 21st Century Fox for $52.4 billion in stock, pending review from the United States Department of Justice Antitrust Division.[175]
However, on June 20, 2018, Disney and Fox announced that they had amended their previous merger agreement, upping Disney's offer to $71.3 billion (a 10% premium over Comcast's $65 billion offer), while also offering shareholders the option of receiving cash instead of stock.[191] On June 27, the United States Department of Justice gave antitrust approval to Disney under the condition of selling Fox's 22 regional sports channels, to which the company has agreed.[192] On the next day, Disney and Fox shareholders scheduled July 27, 2018 as the day to vote on Fox's properties being sold to Disney, giving Comcast enough time to make a higher counter-offer for the Fox assets.[193][194]
Their consensus Comcast stock forecast 2023 was for the price to hit $44.87 over the coming year, which would represent a 22.86% upside over the $36.52 closing price on 12 December. The highest CMCSA stock price prediction was $62, while the lowest suggested the stock price could fall to $33.
The consensus view of 24 analysts compiled by MarketBeat as of 13 December, was for the CMCSA stock price to rise 22.86% to $44.87 over the coming year. However, the most optimistic believed the price could reach $62, while the lowest prediction was $33.
The current consensus among 32 polled investment analysts is to Buy stock in Comcast Corp. This rating has held steady since March, when it was unchanged from a Buy rating.Move your mouse over pastmonths for detail
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In the past three months, Comcast insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $19,025,007.00 in company stock.
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Readers hoping to buy Comcast Corporation (NASDAQ:CMCSA) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Meaning, you will need to purchase Comcast's shares before the 4th of October to receive the dividend, which will be paid on the 26th of October.
The company's next dividend payment will be US$0.27 per share, and in the last 12 months, the company paid a total of US$1.08 per share. Looking at the last 12 months of distributions, Comcast has a trailing yield of approximately 3.5% on its current stock price of $31.16. If you buy this business for its dividend, you should have an idea of whether Comcast's dividend is reliable and sustainable. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. If earnings fall far enough, the company could be forced to cut its dividend. For this reason, we're glad to see Comcast's earnings per share have risen 12% per annum over the last five years. Earnings per share have been growing rapidly and the company is retaining a majority of its earnings within the business. Fast-growing businesses that are reinvesting heavily are enticing from a dividend perspective, especially since they can often increase the payout ratio later.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 041b061a72