State of Wisconsin Investment Board Sells 153,523 Shares of Comcast Corporation $CMCSA

State of Wisconsin Investment Board decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,926,227 shares of the cable giant’s stock after selling 153,523 shares during the period. State of Wisconsin Investment Board’s holdings in Comcast were worth $57,575,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in Comcast during the fourth quarter valued at approximately $2,498,626,000. Capital World Investors increased its holdings in shares of Comcast by 20.8% in the 4th quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after buying an additional 24,166,881 shares during the last quarter. Capital Research Global Investors raised its position in shares of Comcast by 65.1% during the 4th quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock valued at $1,663,825,000 after buying an additional 21,958,603 shares in the last quarter. State Street Corp raised its position in shares of Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after buying an additional 7,917,335 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Comcast by 2,970.5% in the fourth quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after acquiring an additional 7,153,895 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of CMCSA stock opened at $23.66 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $36.66. The stock has a 50 day moving average price of $26.15 and a two-hundred day moving average price of $28.28. The company has a market capitalization of $84.52 billion, a P/E ratio of 4.66, a PEG ratio of 1.95 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. Analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.6%. Comcast’s payout ratio is presently 25.98%.

Comcast News Roundup

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast’s Xfinity announced same-day WiFi equipment delivery for new internet customers in nearly 20 markets, with a rollout planned across the full footprint by early 2027. The move could improve customer convenience and support broadband growth. Internet Delivered to Your Doorstep Within Hours: Xfinity Launches Same-Day WiFi
• Positive Sentiment: A new film release distributed by Comcast’s Universal Pictures, “Disclosure Day,” opened above forecasts globally, which is a modestly supportive data point for its media segment. Spielberg’s ’Disclosure Day’ opens to $93.9M globally, beats forecasts
• Neutral Sentiment: Comcast was highlighted in a fresh article as a potential buyer of Roku, but this is speculative and does not indicate a formal deal or strategy change.
• Negative Sentiment: Rosenblatt cut its price target on Comcast Corporation (NASDAQ: CMCSA) to $24 from $30 and kept a Neutral rating, citing the stock’s weak year-to-date performance. Rosenblatt Lowers PT on Comcast (CMCSA) Stock
• Negative Sentiment: MoffettNathanson also trimmed its price target on Comcast to $52 from $53, even while maintaining a Buy rating, reinforcing that analysts remain cautious on near-term upside. Moffettnathanson adjusts price target on Comcast
• Negative Sentiment: Unusual options activity showed a sharp increase in put buying on Comcast, suggesting traders are positioning for further downside or hedging against near-term weakness.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CMCSA shares. Moffett Nathanson cut their target price on shares of Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday. Royal Bank Of Canada upped their target price on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Rosenblatt Securities cut their target price on Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft lowered Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research note on Friday, April 24th. Finally, Freedom Capital raised Comcast to a “hold” rating in a research note on Friday, June 12th. Nine research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $34.52.

About Comcast

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.