National Pension Service Raises Stake in Comcast Corporation $CMCSA

National Pension Service grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,585,616 shares of the cable giant’s stock after acquiring an additional 227,452 shares during the quarter. National Pension Service’s holdings in Comcast were worth $259,877,000 as of its most recent SEC filing.

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

Trending Headlines about Comcast

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank Of Canada set a $26.00 price target on shares of Comcast and gave the company a “sector perform” rating in a research report on Friday, July 24th. BNP Paribas Exane lowered their price objective on Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. Rosenblatt Securities reissued a “buy” rating and set a $31.00 target price on shares of Comcast in a research note on Friday, July 24th. Scotiabank set a $29.00 target price on Comcast in a research report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised Comcast from a “hold” rating to a “buy” rating and decreased their price target for the company from $34.00 to $32.00 in a research note on Tuesday, June 30th. Eleven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average price target of $32.96.

Comcast Stock Performance

Shares of CMCSA stock opened at $24.59 on Thursday. The firm’s 50 day moving average price is $24.95 and its 200-day moving average price is $26.33. 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 Corporation has a one year low of $21.28 and a one year high of $33.74. The firm has a market cap 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 (NASDAQ:CMCSA) last posted its earnings results 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 the consensus estimate of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 EPS. As a group, equities research analysts predict that Comcast Corporation will post 3.52 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.4%. Comcast’s payout ratio is presently 42.72%.

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.