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Top 3 Dividend Stocks Trading Close to 52-Week Low Prices
MarketBeat· 2024-06-25 11:22
When considering a stock, the lion’s share of investor attention typically goes to price appreciation. Still, there is one other – less popular – side to stock investing. Dividends can act as an investor’s best friend if they acquire a stock cheap enough to lock in a higher dividend yield. To clarify, the relationship between price and dividend yields is inverse.Because of this, looking for stocks that have recently sold off or traded close to their 52-week low prices can be a profitable hunt for investors ...
Comcast, U.S. Conference of Mayors Announce Ten Cities Receiving Grants in Digital Equity Challenge
Prnewswire· 2024-06-21 15:32
The Challenge awards a total of $1.5 million to support local workforce programs and close the digital skills gap KANSAS CITY, Mo., June 21, 2024 /PRNewswire/ -- Today, Comcast Corporation and the U.S. Conference of Mayors (USCM) announced the winners of the Talent for Tomorrow: Digital Equity Challenge grant awards program at USCM's 92nd Annual Meeting in Kansas City. Each city has demonstrated leadership and a commitment to expand digital training programs to help close the skills gap. In the small cities ...
Yardi and Xfinity Communities Partner to Streamline Move-ins with Easy Access to Wi-Fi Connectivity
Prnewswire· 2024-06-13 13:53
New partnership makes Xfinity high-speed internet available through RentCafe, offering residents convenience from day one SANTA BARBARA, Calif., June 13, 2024 /PRNewswire/ -- Yardi®, a leading real estate software provider, announced a new partnership with Xfinity Communities to offer residents powerful internet connectivity at move-in, directly through Yardi's RentCafe® resident portal. This partnership makes Xfinity Internet, known for its high-speed connectivity and network reliability, along with other ...
2 Media Stocks to Buy Hand Over Fist in June
The Motley Fool· 2024-06-06 15:55
Content is still king, even if the market thinks it's the jester these days.Media stocks aren't getting a lot of love these days. A transition away from the legacy media cash cow to the financially challenging realm of digital delivery has cooled investor interest in the industry. However, don't dismiss the chances for the kings of content to script a happy ending for their shareholders.Walt Disney (DIS -0.35%) and Comcast (CMCSA 1.26%) are a pair of leading entertainment stocks that could be strong plays w ...
Comcast Corporation (CMCSA) J.P. Morgan Investor Conference
2024-05-21 16:35
Comcast Corporation (NASDAQ:CMCSA) J.P. Morgan Investor Conference Summary Industry Overview - The cable industry is currently experiencing a highly competitive environment, particularly in the broadband sector, which is described as the most competitive seen by the company [4][12]. Key Company Insights Broadband Revenue Growth - Comcast's primary focus is on growing broadband revenue, which increased by 4% despite the competitive landscape [4]. - 70% of customers are subscribed to packages of 500 megabits and above, with one-third using 1 gigabit services [5]. Network Upgrades and DOCSIS 4.0 - Comcast has doubled its mid-splits year-over-year, reaching 40% of its footprint, with plans to reach 50% by year-end [9]. - The deployment of DOCSIS 4.0 is underway, which will enable multi-gig symmetrical services [9][10]. Mobile Strategy - Mobile services are positioned as a companion to broadband, enhancing customer retention and acquisition [36]. - The company has introduced initiatives like a second line free offer and prepaid mobile services to enhance competitiveness [37]. Business Services Growth - Comcast's business services have grown from zero to a $10 billion run rate over 20 years, with a current EBITDA run rate of $5 billion [6][45]. - The company is focusing on expanding its presence in the mid-market and enterprise segments, which present significant growth opportunities [49]. Customer Segmentation and Innovation - The company emphasizes a segmentation strategy targeting customers who seek premium experiences while also competing in value-oriented segments [15][26]. - New products like StreamSaver, which bundles popular streaming services, are aimed at enhancing the broadband offering [19][20]. Churn and Customer Retention - The company anticipates elevated churn due to changes in the Affordable Connectivity Program (ACP), but remains confident in maintaining ARPU within historical ranges of 3% to 4% [30][34]. Margin Expansion and Cost Management - Comcast has achieved a 4% EBITDA growth with a 140 basis point margin expansion, driven by high-margin connectivity businesses [54]. - The company is focused on reducing variable and fixed costs while continuing to invest in network reliability and innovation [56][57]. Additional Important Points - Comcast is actively exploring advanced applications in business services, including SD-WAN and security solutions, to enhance its competitive edge [50][52]. - The company is leveraging AI to improve network performance and customer service efficiency [10][56]. - Comcast's strategy includes a disciplined approach to capital spending while aggressively competing in all market segments [12][57].
3 Blue-Chip Stocks Set to Triple Soon
investorplace.com· 2024-05-20 18:09
Investors should have a wide range of companies in multiple sectors within their investment portfolio. But the backbone of any resilient portfolio that can withstand a bear market and soar during a bull market are blue-chip stocks. Companies with a strong reputation and industry-leading giants are among the most important additions for investors regarding continued growth within their portfolios.I have chosen three blue-chip stocks to buy with common traits that allow them to experience continued growth in ...
Comcast Corporation (CMCSA) is Attracting Investor Attention: Here is What You Should Know
Zacks Investment Research· 2024-05-15 14:02
Comcast (CMCSA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this cable provider have returned +1.5% over the past month versus the Zacks S&P 500 composite's +2.5% change. The Zacks Cable Television industry, to which Comcast belongs, has gained 2.7% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports or ...
Comcast Corporation (CMCSA) MoffettNathanson's Media, Internet & Communications Conference (Transcript)
2024-05-14 16:22
Summary of Comcast Corporation Conference Call Company Overview - **Company**: Comcast Corporation (NASDAQ: CMCSA) - **Event**: MoffettNathanson's Media, Internet & Communications Conference - **Date**: May 14, 2024 - **Participants**: Brian Roberts (Chairman and CEO), Craig Moffett (MoffettNathanson LLC) Key Points Company Vision and Strategy - Comcast is described as a unique company focused on leadership, innovation, and consumer-centric approaches, aiming to operate more like a tech company rather than a traditional cable company [3][9] - The company emphasizes the importance of having a strong team and a focus on long-term investments and innovation [4][5] Broadband Business - Comcast is currently the number one provider of residential broadband in the U.S. and is expanding its capabilities with a roadmap to a 10G network [6] - The company has seen a 4.2% increase in Average Revenue Per User (ARPU) and a 4% growth in residential broadband revenue last quarter, indicating a healthy business despite unit growth challenges [14][17] - Comcast is introducing new products like NOW Broadband to compete effectively in the market, particularly against fixed wireless offerings [15][22] Wireless Business - Comcast's wireless service, Xfinity Mobile, is positioned as a bundled offering that enhances the broadband business, with a current attach rate of 11% [27][31] - The company maintains a strong relationship with Verizon Wireless, which supports its mobile strategy [28] Streaming and Media - Comcast views its streaming service, Peacock, as a significant growth area, having reached 34 million customers in less than four years [38] - The company is integrating its media segments, leveraging both traditional and streaming platforms to maximize revenue [37][40] - Comcast is focused on a dual revenue model for Peacock, combining advertising and subscription services [42] Theme Parks and Studios - The theme park segment is highlighted as a growth engine, with the upcoming Epic Universe expected to redefine the park experience through advanced technology and unique attractions [50][51] - Comcast's film division has seen success, with a focus on monetizing content across various platforms, including streaming and theme parks [55][57] Financial Health and Market Position - Comcast has a strong balance sheet with a leverage ratio of 2.3x, allowing for continued investment and shareholder returns [7][63] - The company has returned $90 billion to shareholders over the last decade, including $11 billion in stock buybacks in the past year [64][65] - Despite challenges in the cable sector, Comcast is optimistic about its growth potential and the ability to adapt to market changes [62][65] Conclusion - Comcast is positioned as a diversified company with multiple growth engines, including broadband, wireless, streaming, and theme parks, while maintaining a strong focus on innovation and consumer value [66]
Comcast Launching Streaming Bundle For Peacock, Netflix And AppleTV+
Forbes· 2024-05-14 14:07
ToplineComcast announced Tuesday it will launch a streaming bundle with Peacock, Netflix and AppleTV+ later this month, multiple outlets reported, the latest move as more companies partner up and bundle services to compete in the ever-growing streaming game.The bundle is set to be released later this month, though some specifics remain unclear. SOPA Images/LightRocket via Getty Images Key FactsThe streaming bundle, dubbed StreamSaver, is set to debut at a low price point later this month, Variety reported, ...
Media companies look to woo advertisers as spending shifts to digital
CNBC· 2024-05-13 14:00
In this articleDISCMCSAWBDPARANFLXKevin Mazur | Getty Images Entertainment | Getty ImagesMedia giants are making their annual pitches to advertisers this week against the backdrop of significant disruption in the industry.The Hollywood writers and actors strikes are over, meaning Upfronts will likely be star-studded once again, major cost cutting is largely in the rear view mirror and streaming has fully embraced advertising models. Still, this year's Upfronts presentations come in the midst of further tumu ...