137,100 Shares in Comcast Corporation $CMCSA Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 137,100 shares of the cable giant’s stock, valued at approximately $3,366,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Voya Financial Advisors Inc. increased its position in Comcast by 3.2% during the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after buying an additional 2,593 shares during the last quarter. United Bank raised its stake in Comcast by 11.3% in the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after buying an additional 4,290 shares during the period. HUB Investment Partners LLC lifted its position in shares of Comcast by 119.4% in the second quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock valued at $606,000 after buying an additional 9,236 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its stake in shares of Comcast by 66.8% during the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after acquiring an additional 15,865 shares during the period. Institutional investors own 84.32% of the company’s stock.

More Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: New iPhone lineup supports wireless ambitions. Xfinity Mobile and Comcast Business Mobile will offer Apple’s iPhone Duo, iPhone 18 Pro and iPhone 18 Pro Max. The launch could help Comcast attract and retain wireless customers, although the financial impact is likely to develop over time. Xfinity Mobile, Comcast Business Mobile to Offer iPhone Duo, iPhone 18 Pro, and iPhone 18 Pro Max
• Neutral Sentiment: NBCUniversal separation remains on track. At the Goldman Sachs Communacopia + Technology Conference, CFO Jason Armstrong defended the planned separation of NBCUniversal from Comcast’s connectivity operations. The restructuring could eventually clarify the value of the company’s businesses, but it does not immediately resolve operating pressures. Comcast CFO Notes Ongoing Epic Universe Softness, Dinging Stock; NBCU Split on Track
• Negative Sentiment: Broadband outlook deteriorated. Comcast indicated it expects no improvement in third-quarter broadband trends, with continued subscriber losses weighing on its core connectivity business. Armstrong also described fiber broadband pricing as “irrational,” highlighting aggressive competition and pressure on customer economics. Comcast drops 7% on persistent broadband losses and irrational fiber pricing
• Negative Sentiment: Theme-park weakness added to investor concerns. The CFO also noted ongoing softness at Epic Universe, creating another headwind for NBCUniversal’s growth outlook while the company prepares the planned spinoff. Comcast CFO Notes Ongoing Epic Universe Softness, Dinging Stock; NBCU Split on Track

Comcast Trading Down 6.6%

Shares of NASDAQ:CMCSA opened at $24.59 on Thursday. The company has a market capitalization of $87.26 billion, a P/E ratio of 7.96, a P/E/G ratio of 1.87 and a beta of 0.68. Comcast Corporation has a 1 year low of $21.28 and a 1 year high of $33.74. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50 day simple moving average is $24.95 and its 200 day simple moving average is $26.33.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $29.94 billion during the quarter, compared to analysts’ expectations of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 EPS. On average, research analysts anticipate that Comcast Corporation will post 3.52 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio is presently 42.72%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent analyst reports. Seaport Research Partners raised Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Weiss Ratings cut shares of Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Morgan Stanley set a $29.00 price objective on shares of Comcast in a research report on Friday, July 24th. Wells Fargo & Company set a $23.00 target price on shares of Comcast and gave the stock an “underweight” rating in a research note on Friday, July 24th. Finally, Moffett Nathanson reduced their target price on shares of Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, June 16th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Comcast has a consensus rating of “Hold” and a consensus price target of $32.96.

About Comcast

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company that provides broadband, wireless, video, voice and related services to residential and business customers. Through its connectivity businesses, Comcast offers internet access, mobile service, pay television, telephone service, and home security and automation products, primarily under the Xfinity brand in the United States.

Comcast also operates a broad portfolio of entertainment and media businesses. NBCUniversal includes the NBC and Telemundo broadcast networks, cable networks, film and television studios, the Peacock streaming service, and a collection of theme parks.