Junto Capital Management LP purchased a new stake in Comcast Corporation (NASDAQ:CMCSA – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,668,929 shares of the cable giant’s stock, valued at approximately $40,972,000.
A number of other hedge funds also recently made changes to their positions in CMCSA. Imprint Wealth LLC acquired a new stake in Comcast in the 3rd quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Comcast during the 4th quarter worth $27,000. Whipplewood Advisors LLC boosted its position in Comcast by 75.5% during the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after acquiring an additional 401 shares during the period. Main Street Group LTD bought a new position in shares of Comcast in the first quarter worth $27,000. Finally, Provenance Wealth Advisors LLC bought a new position in shares of Comcast in the first quarter worth $30,000. Institutional investors own 84.32% of the company’s stock.
Comcast Price Performance
Shares of NASDAQ:CMCSA opened at $24.59 on Thursday. The company’s fifty day moving average is $24.95 and its two-hundred day moving average is $26.33. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. Comcast Corporation has a 12-month low of $21.28 and a 12-month high of $33.74. The company has a market cap of $87.26 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 1.87 and a beta of 0.68.
Comcast Announces Dividend
The firm 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 dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s payout ratio is 42.72%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Moffett Nathanson cut their price objective on shares of Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Sanford C. Bernstein reissued a “market perform” rating and set a $28.00 target price on shares of Comcast in a research note on Monday, July 13th. The Goldman Sachs Group reduced their price target on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. UBS Group reiterated a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. Finally, Scotiabank set a $29.00 price objective on shares of Comcast in a research note on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $32.96.
Read Our Latest Analysis on Comcast
Comcast News Summary
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
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.
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