Vanguard Group Inc. Reduces Position in Comcast Corporation $CMCSA

Vanguard Group Inc. trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 367,150,390 shares of the cable giant’s stock after selling 2,288,531 shares during the period. Vanguard Group Inc. owned 9.94% of Comcast worth $11,535,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. increased its holdings in shares of Comcast by 2.6% in the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after purchasing an additional 307 shares during the period. Coign Capital Advisors LLC increased its holdings in Comcast by 2.1% in the 2nd quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after buying an additional 324 shares during the period. OneAscent Family Office LLC raised its position in Comcast by 4.9% during the 2nd quarter. OneAscent Family Office LLC now owns 7,048 shares of the cable giant’s stock worth $252,000 after buying an additional 332 shares during the last quarter. Titleist Asset Management LLC boosted its holdings in shares of Comcast by 4.7% in the 2nd quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock valued at $272,000 after acquiring an additional 342 shares during the last quarter. Finally, Lakeshore Capital Group Inc. increased its stake in shares of Comcast by 2.6% in the third quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock worth $428,000 after acquiring an additional 343 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.8%

Shares of CMCSA opened at $31.57 on Monday. The firm has a market cap of $113.58 billion, a P/E ratio of 5.88, a PEG ratio of 2.41 and a beta of 0.81. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.97. The stock’s 50 day moving average is $29.28 and its two-hundred day moving average is $30.07. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same quarter last year, the firm posted $0.96 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given a $0.33 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast’s dividend payout ratio (DPR) is 24.58%.

Insider Activity at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, January 30th. UBS Group decreased their price objective on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Bank of America raised Comcast from a “neutral” rating to a “buy” rating and raised their target price for the stock from $31.00 to $37.00 in a report on Monday, January 12th. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Benchmark lowered their price objective on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Ten equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.90.

Comcast News Summary

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast booked an estimated $800M in Super Bowl advertising revenue, a near-term revenue boost for its advertising and distribution businesses. Read More.
• Positive Sentiment: Company highlights renewed rural broadband buildouts — a growth/capex narrative that could expand subscriber reach and long-term broadband revenue. Read More.
• Positive Sentiment: PR push: a new Universal Theme Parks exhibition (in partnership with Comcast NBCUniversal) raises brand visibility and drives content/IP monetization opportunities. Read More.
• Positive Sentiment: Local network expansion: Comcast is adding footprint in the Lehigh Valley — incremental subscriber growth and service penetration in targeted markets. Read More.
• Neutral Sentiment: Market interest: Zacks notes Comcast is among the most-searched stocks recently, reflecting high investor attention but not a directional signal by itself. Read More.
• Neutral Sentiment: Momentum note: coverage flagged Comcast was on track for multi-day gains recently — useful context for traders but not a fundamental driver. Read More.
• Neutral Sentiment: Short-interest reporting appears to contain errors (reports show 0 shares and NaN changes), so current short-interest metrics are unreliable and should be treated with caution. (No reliable link available)
• Negative Sentiment: Insider sale: CEO Michael Cavanagh sold 57,947 shares (~8.5% reduction in his stake) at ~$32.66 per share; SEC filing may weigh on sentiment since large insider sales can signal liquidity needs or prompt investor caution. Read More.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.