QRG Capital Management Inc. Reduces Stock Position in Comcast Corporation $CMCSA

QRG Capital Management Inc. trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA) by 33.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 481,182 shares of the cable giant’s stock after selling 243,578 shares during the period. QRG Capital Management Inc.’s holdings in Comcast were worth $15,119,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Capital A Wealth Management LLC grew its holdings in Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after acquiring an additional 436 shares in the last quarter. Global Trust Asset Management LLC lifted its position in shares of Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the last quarter. Cranbrook Wealth Management LLC grew its stake in Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares in the last quarter. Avalon Trust Co increased its holdings in Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares during the last quarter. Finally, Howard Hughes Medical Institute acquired a new stake in Comcast during the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CMCSA. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a report on Friday, January 9th. Scotiabank set a $37.50 price target on shares of Comcast in a research report on Wednesday, January 7th. Benchmark lowered their price objective on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Loop Capital decreased their target price on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Williams Trading set a $40.00 target price on shares of Comcast in a research note on Friday, October 31st. Twelve analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus price target of $34.92.

Comcast Stock Down 1.9%

NASDAQ:CMCSA opened at $27.82 on Friday. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $38.40. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a market cap of $101.37 billion, a price-to-earnings ratio of 4.63, a PEG ratio of 2.02 and a beta of 0.81. The stock has a 50-day moving average price of $28.10 and a two-hundred day moving average price of $30.83.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 30th. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $31.20 billion during the quarter, compared to analysts’ expectations of $30.74 billion. Comcast had a return on equity of 18.06% and a net margin of 18.33%.Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 EPS. As a group, equities analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

More Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: MarketBeat highlights Comcast’s low P/E (~7x) and a ~4.5% yield, arguing the stock combines high yield with rebound potential as core results are expected to grow despite divestitures; institutional buying in early January is cited as supportive. 3 Low P/E Stocks: Separating Multibaggers From a Value Trap
• Positive Sentiment: Reports that Comcast has spun off Versant (new media vehicle) suggest potential value‑unlocking for shareholders if the market re-rates separated assets. This kind of corporate action can catalyze long-term upside. Comcast spins off Versant, unleashing a new media power on Wall Street
• Positive Sentiment: NBCUniversal’s push into live sports (Olympics, Super Bowl, NBA All‑Star and recent rights spending) should help differentiate the media network, supporting ad and subscription revenue over the next few quarters. NBCUniversal strategically leans into sports as it prepares for ‘Legendary February’
• Neutral Sentiment: Zacks notes elevated investor attention on CMCSA and reviews factors that will drive performance; this is informational but not a clear directional catalyst. Comcast Corporation (CMCSA) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Local retail expansion (new Xfinity store in Chehalis, WA) is positive for customer access and brand presence but is a small operational item unlikely to move the stock on its own. Chehalis Welcomes First Xfinity Store
• Negative Sentiment: Analyst pressure: Sanford C. Bernstein trimmed its price target to $32 (from $34) and kept a “market perform” rating — a reminder that analysts see limited near‑term upside, which can weigh on sentiment. Bernstein adjusts price target on Comcast
• Negative Sentiment: Consensus analyst stance remains cautious (many Holds), which mutes momentum until clearer evidence of revenue/earnings inflection or successful asset re‑rating emerges. Comcast Receives Consensus Rating of “Hold”

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.