Comcast Corporation (NASDAQ:CMCSA) Gives Positive Indication on $9.0 Billion Shares Buyback Plan

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BOD has increased its share buyback program authorization to a total of $20.0 billion. The permission has no expiration date. Comcast has repurchased $9.0 billion of its Class A common shares so far in 2022.

Comcast Corporation (CMCSA) swim in green water, shares rose over 3.02% to settle at $34.47. The stock price volatility was 3.34% for a week and 2.56% for a month as well as price volatility’s Average True Range for 14 days was 38.74 and its beta remained 0.91. ON THE OTHER FRONT: The analysts average revenue estimates for the firm has 29.76 billion in third quarter of 2022 and experts predict 30.92 billion revenues for the first quarter of 2022.

Comcast RISE to Award $1 Million in Grants to Small Businesses  

On the other hand, Comcast released that its Comcast RISE Investment Fund would distribute $10,000 grants to 100 small companies owned by women and people of color in Cook County. Cook County is one of five places chosen for this latest round of awards. Miami, Oakland, Seattle, and Washington, D.C. are among the other destinations. In this round, Comcast will offer a total of $1 million in grants in Cook County alone, totaling $5 million across the five sites. This takes the total amount of Comcast RISE Investment Fund awards issued to date to $21 million. Comcast has extended the fund to Cook County firms for the second time.

Cook County Board President Toni Preckwinkle stated that the epidemic has been especially harsh on companies operated by women and people of color in Cook County and abroad. He strongly encourages qualified firms to apply for a grant. This money can help them enhance their position, especially when the pandemic ends.

Emilia DiMenco said, Women’s Business Development Center President and Chief Executive Officer, “Women-owned businesses face a variety of challenges, including accessing funding. These dollars will allow them to invest in their businesses and strengthen their financial position moving forward.”

Comcast is awarding $50,000 in grants to four Cook County community-based organizations, including the Illinois Hispanic Chamber of Commerce, South East Chicago Commission, South Shore Chamber of Commerce, and Women’s Business Development Center, to help raise awareness of the program and provide additional support, training, and mentorship.

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