Comcast Corporation $CMCSA Shares Bought by Vest Financial LLC

Vest Financial LLC boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 10.7% during the third quarter, HoldingsChannel reports. The fund owned 534,884 shares of the cable giant’s stock after buying an additional 51,559 shares during the quarter. Vest Financial LLC’s holdings in Comcast were worth $11,639,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. PFS Partners LLC lifted its stake in shares of Comcast by 32.7% during the 3rd quarter. PFS Partners LLC now owns 3,547 shares of the cable giant’s stock valued at $77,000 after buying an additional 874 shares in the last quarter. Sawyer & Company Inc bought a new position in Comcast in the 3rd quarter worth approximately $329,000. Sowell Financial Services LLC grew its stake in Comcast by 11.0% in the 3rd quarter. Sowell Financial Services LLC now owns 71,971 shares of the cable giant’s stock valued at $1,566,000 after buying an additional 7,114 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Comcast by 9.4% during the third quarter. Quadrant Capital Group LLC now owns 27,191 shares of the cable giant’s stock worth $568,000 after acquiring an additional 2,336 shares in the last quarter. Finally, Physician Wealth Advisors Inc. grew its position in shares of Comcast by 25.4% in the third quarter. Physician Wealth Advisors Inc. now owns 2,874 shares of the cable giant’s stock valued at $63,000 after purchasing an additional 583 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Key Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast reported third-quarter adjusted EPS of $1.07, above the roughly $0.99 consensus estimate, while revenue of $29.3 billion was slightly ahead of expectations. Comcast earnings beat
• Positive Sentiment: Peacock reached profitability, wireless growth continued, and Universal’s film slate—including The Odyssey—helped offset weakness in the connectivity business and supported momentum ahead of the NBCUniversal spinoff. Comcast media results
• Positive Sentiment: The board declared a quarterly dividend of $0.33 per share, equivalent to $1.32 annually and an indicated yield of about 5.8%. The dividend is payable January 27, 2027, to shareholders of record January 6. Comcast dividend announcement
• Neutral Sentiment: Management said employees are energized about separating NBCUniversal from the broadband, pay-TV and wireless operations. The transaction could unlock value, but execution and the standalone performance of both businesses remain important uncertainties. NBCUniversal separation
• Negative Sentiment: Domestic broadband and video subscriber losses continued, reflecting aggressive low-priced fiber competition and putting pressure on Comcast’s core connectivity business. Adjusted EPS fell from $1.12 a year earlier, while revenue declined 6.1% year over year. Comcast broadband losses
• Negative Sentiment: Comcast expects to record a fourth-quarter restructuring charge of approximately $1 billion, including layoffs, as it overhauls its connectivity operations. The near-term cost and workforce reductions highlight the severity of the business pressure. Comcast restructuring charge

Comcast Stock Performance

NASDAQ CMCSA opened at $22.84 on Friday. The company’s 50 day simple moving average is $23.87 and its two-hundred day simple moving average is $24.65. 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 Corporation has a 1 year low of $20.48 and a 1 year high of $32.85. The stock has a market capitalization of $81.05 billion, a PE ratio of 5.83, a P/E/G ratio of 1.58 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 22nd. The cable giant reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. The firm had revenue of $29.30 billion during the quarter, compared to analyst estimates of $29.22 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 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 EPS. Analysts predict that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Wednesday, January 6th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Wednesday, January 6th. Comcast’s dividend payout ratio (DPR) is 42.72%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $23.00 price objective on shares of Comcast in a research note on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft upgraded Comcast from a “hold” rating to a “buy” rating and cut their target price for the stock from $34.00 to $32.00 in a research note on Tuesday, June 30th. KeyCorp lowered Comcast from a “sector weight” rating to an “underweight” rating and set a $18.00 target price for the company. in a report on Thursday, September 24th. Royal Bank Of Canada set a $26.00 target price on Comcast and gave the company a “sector perform” rating in a report on Friday, July 24th. Finally, Moffett Nathanson decreased their price target on Comcast from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, September 22nd. Eleven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.69.

Comcast Profile

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.