Cantor Fitzgerald Investment Advisors L.P. Sells 56,588 Shares of Comcast Corporation $CMCSA

Cantor Fitzgerald Investment Advisors L.P. trimmed its stake in Comcast Corporation (NASDAQ:CMCSA) by 10.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 470,457 shares of the cable giant’s stock after selling 56,588 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Comcast were worth $10,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in CMCSA. Douglas Lane & Associates LLC increased its stake in Comcast by 16.6% during the third quarter. Douglas Lane & Associates LLC now owns 2,549,714 shares of the cable giant’s stock valued at $55,482,000 after acquiring an additional 363,552 shares during the period. Saudi Central Bank lifted its holdings in shares of Comcast by 87.2% during the 2nd quarter. Saudi Central Bank now owns 251,190 shares of the cable giant’s stock worth $6,167,000 after acquiring an additional 117,038 shares during the period. Nykredit A S bought a new stake in Comcast in the second quarter valued at about $137,515,000. Inceptionr LLC bought a new position in Comcast during the first quarter worth about $660,000. Finally, Bank of America Corp DE raised its holdings in shares of Comcast by 10.2% in the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock worth $1,173,232,000 after buying an additional 3,783,234 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast News Roundup

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Low valuation may attract value investors. Comcast trades at roughly 6.7 times earnings—well below the S&P 500 median—after underperforming the broader market over the past year. Analysts note that the discount could offer upside if the company stabilizes growth and cash generation. Should You Buy Comcast Stock At Under Seven Times Earnings?
• Positive Sentiment: Fiber-network technology and rural expansion support the longer-term growth case. Harmonic launched a monitoring platform based on Comcast’s fiber technology, while Comcast expanded high-speed internet service to nearly 2,000 additional locations in Hardee County, Florida. These developments could improve network operations and broaden the company’s addressable customer base. The Bull Case For Comcast Could Change Following New Fiber Monitoring Tech And Rural Expansion
• Neutral Sentiment: Comcast will report its next results on October 22. The upcoming report is likely to be the next major catalyst, with investors focused on broadband subscribers, average revenue per customer, wireless competition and management’s outlook. Comcast Sets October 22 Results Date
• Neutral Sentiment: Bernstein maintained a Hold rating. The stance suggests limited conviction that near-term catalysts will drive a sustained revaluation. Comcast Gets a Hold from Bernstein
• Negative Sentiment: Broadband trends remain a significant concern. Average revenue per broadband customer fell 3.8% in the second quarter, while Comcast lost 167,000 broadband customers, indicating pressure on both subscriber numbers and pricing. Is There a Risk Hiding in Comcast Stock’s Latest Results?
• Negative Sentiment: Earnings expectations are cautious. Analysts expect a year-over-year earnings decline and do not see strong indicators for a likely beat ahead of the October 22 report. Analysts Estimate Comcast to Report a Decline in Earnings
• Negative Sentiment: Legal and competitive risks weigh on sentiment. A U.S. jury said Comcast owes $213 million in a video-streaming patent dispute, while Starlink’s mobile plans raise additional questions about future connectivity competition. Comcast Owes $213 Million in Video-Streaming Patent Dispute

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Scotiabank lowered their target price on shares of Comcast from $29.00 to $27.50 and set a “sector perform” rating on the stock in a report on Friday, October 2nd. Seaport Research Partners raised shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. New Street Research dropped their price target on Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Morgan Stanley decreased their target price on Comcast from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, September 25th. Finally, Citigroup decreased their price objective on shares of Comcast from $30.00 to $27.50 and set a “buy” rating on the stock in a report on Thursday, September 24th. Eleven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $30.81.

Comcast Trading Up 3.4%

CMCSA opened at $21.77 on Friday. The firm has a 50 day simple moving average of $24.21 and a 200 day simple moving average of $24.86. Comcast Corporation has a fifty-two week low of $20.48 and a fifty-two week high of $32.85. The company has a market cap of $77.25 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 1.51 and a beta of 0.68. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. On average, sell-side analysts anticipate that Comcast Corporation will post 3.49 earnings per share for the current 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 issued a $0.33 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 annualized dividend and a yield of 6.1%. Comcast’s dividend payout ratio (DPR) is 42.72%.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a global media and communications company headquartered in Philadelphia, Pennsylvania. Its businesses include broadband internet, wireless services, video, voice, and business connectivity services, primarily marketed under the Xfinity brand in the United States. Comcast also provides advertising and related technology services to businesses and media organizations.

Through NBCUniversal, Comcast operates national and local television networks, broadcast network NBC, Spanish-language network Telemundo, the Peacock streaming service, and a portfolio of film and television production businesses.