- Entertainment is capturing an increasing part of the world's discretionary income
- This company is in almost every facet of this growing industry
- Revenues and earning are growing faster than the overall economy
- Dividends are increasing faster than inflation with a payout ratio of only 30%
Comcast Corporation (CMCSA) operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name. The Cable Networks segment operates national cable networks, which provide entertainment, news and information, and sports content; regional sports and news networks; international channels; and cable television production operations, as well as owns digital media properties. The Broadcast Television segment operates NBC and Telemundo broadcast networks, NBC and Telemundo owned local broadcast television stations, and broadcast television production operations, as well as owns digital media properties. The Filmed Entertainment segment produces, acquires, markets, and distributes live-action and animated filmed entertainment under the Universal Pictures, Focus Features, and Illumination names. The Theme Parks segment operates theme parks; studios; Island of adventures; and a dining, retail, and entertainment complex. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania. (Daily Chart) (Weekly Chart)
23 April 2014
1yr Target $60.46
1yr Cap Gain 18.06%
1yr Tot Return 19.81%
5yr DGR 26%
3yr DGR 28%
Payout Ratio 30%
EPS (ttm) $2.56
EPS next yr $3.27
Comcast was started in 1963 and later incorporated in the state of Pennsylvania in 1969. Their initial public offering (IPO) came later on June 29, 1972 when 430,000 shares of CMCSA were issued at $7 per share. Then on November 18, 2002, Comcast and AT&T Broadband combined into one unit to form the new Comcast Corporation.
Comcast has two publicly traded classes of stock (CMCSA and CMCSK) and one non-publicly traded stock (Class B). The Class A Common Stock (CMCSA) is entitled to .1333 votes per share, Class A Special Common Stock (CMCSK) has no voting rights and Class B Common Stock is entitled to 15 votes per share. The Class B Common Stock does not trade publicly and is held entirely by BRCC LLC (a limited liability company controlled by Brian L. Roberts, CEO and President of the Company) and two estate planning trusts of Mr. Roberts. The Class B Common Stock constitutes an undilutable 33 1/3% of the total voting power of all classes of the Company's Common Stock. For this analysis I'm only interested in acquiring the CMCSA stock.
Comcast Corporation has several competitors and it's biggest competitor is Disney. Disney is no small competitor and it also has similar operational interests in television, film and theme parks. Other smaller competitors include the Dish Network and DirectTV, both of which are in the television and internet business. Finally Comcast Corporation competes on multiple levels with various other companies, websites, TV Networks and film studios at almost every level of the industry.
On the weekly chart you're able to see a similar pattern with the moving averages, the MACD, the ADX, and the RSI. Looking closely at this weekly chart it's also obvious that a buy occurring earlier this week was probably the optimal time to start accumulating.
Good Luck and Good Trading.