Headlands Technologies LLC Buys Shares of 115,273 Comcast Corporation $CMCSA

Headlands Technologies LLC purchased a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 115,273 shares of the cable giant’s stock, valued at approximately $2,830,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allied Private Wealth LLC bought a new position in Comcast during the second quarter worth about $26,000. Imprint Wealth LLC bought a new stake in shares of Comcast in the third quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Comcast during the 4th quarter valued at approximately $27,000. Whipplewood Advisors LLC boosted its holdings in Comcast by 75.5% in the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after buying an additional 401 shares during the period. Finally, Main Street Group LTD purchased a new position in Comcast in the 1st quarter valued at approximately $27,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CMCSA. Sanford C. Bernstein restated a “market perform” rating and set a $28.00 target price on shares of Comcast in a research report on Monday, July 13th. Morgan Stanley set a $29.00 price objective on Comcast in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft raised Comcast from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $34.00 to $32.00 in a report on Tuesday, June 30th. Weiss Ratings lowered Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Finally, Seaport Research Partners upgraded Comcast from a “neutral” rating to a “buy” rating in a research report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average price target of $32.96.

Comcast Stock Performance

NASDAQ CMCSA opened at $27.06 on Monday. Comcast Corporation has a 52-week low of $21.28 and a 52-week high of $34.45. The company has a fifty day moving average of $24.47 and a 200-day moving average of $26.64. The company has a market capitalization of $96.03 billion, a P/E ratio of 8.76, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $29.94 billion for 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 firm’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 earnings per share. As a group, equities research analysts predict that Comcast Corporation will post 3.52 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 annualized dividend and a yield of 4.9%. Comcast’s dividend payout ratio is currently 42.72%.

More Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast’s planned separation of NBCUniversal and Sky could help unlock value by reducing the conglomerate discount and allowing investors to value its connectivity and media businesses separately. Peacock’s first reported profit strengthens the case that the media assets may be more attractive as a standalone company. Did Comcast’s NBCU Spin-off and Peacock Profit Just Shift Comcast’s Investment Narrative? Comcast At Book Value: Separation Could End Conglomerate Discount
• Positive Sentiment: Value-focused investor Greenlight Capital added Comcast during a pullback, providing a favorable signal for investors who view the stock as undervalued after years of underperformance. Greenlight Capital Added Comcast Amid Pullback
• Positive Sentiment: Analysts point to Xfinity Mobile growth, Comcast’s low-cost Verizon roaming arrangement, selective network investment, and resilient NBCUniversal content and theme parks as potential new profit drivers as broadband competition intensifies. After A Decade Of Underperformance, Comcast Is Finally Ready To Rebound
• Positive Sentiment: A partnership with Tracer will create a unified operational layer for Universal Ads, supporting centralized campaign management, real-time measurement, and future AI-driven self-service advertising products. Comcast Builds Unified TV Ad Platform To Expand AI Driven Advertising
• Neutral Sentiment: Comcast received a consensus analyst rating of “Hold,” indicating that Wall Street remains cautious despite the company’s low valuation and restructuring potential. Comcast Given Consensus Rating of Hold by Analysts
• Neutral Sentiment: Executives are scheduled to present at Goldman Sachs and BofA Securities investor conferences in September, creating possible near-term catalysts for updates on the spin-off, broadband trends, and advertising strategy. Goldman Sachs Investor Conference BofA Securities Investor Conference
• Negative Sentiment: Broadband demand remains a concern as Comcast’s historical market position erodes, while recent public-relations issues and skepticism about the turnaround could limit the stock’s rebound.

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.