Representative Jefferson Shreve (R-Indiana) recently sold shares of Comcast Corporation (NASDAQ:CMCSA). In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Comcast stock on May 12th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.
Representative Jefferson Shreve also recently made the following trade(s):
- Sold $15,001 – $50,000 in shares of Hubbell (NYSE:HUBB) on 5/12/2025.
- Sold $50,001 – $100,000 in shares of Trane Technologies (NYSE:TT) on 5/12/2025.
- Sold $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 5/12/2025.
- Sold $50,001 – $100,000 in shares of NiSource (NYSE:NI) on 5/12/2025.
- Sold $50,001 – $100,000 in shares of Johnson & Johnson (NYSE:JNJ) on 5/12/2025.
- Sold $15,001 – $50,000 in shares of AppLovin (NASDAQ:APP) on 5/12/2025.
- Sold $15,001 – $50,000 in shares of Fiserv (NYSE:FI) on 5/12/2025.
- Sold $15,001 – $50,000 in shares of CNO Financial Group (NYSE:CNO) on 5/12/2025.
- Sold $50,001 – $100,000 in shares of Cboe Global Markets (NASDAQ:CBOE) on 5/12/2025.
- Sold $15,001 – $50,000 in shares of Lam Research (NASDAQ:LRCX) on 5/12/2025.
Comcast Stock Performance
Shares of NASDAQ CMCSA opened at $32.52 on Friday. The company has a 50 day simple moving average of $34.79 and a two-hundred day simple moving average of $35.11. The stock has a market cap of $121.42 billion, a price-to-earnings ratio of 5.38, a PEG ratio of 1.61 and a beta of 0.92. The company has a current ratio of 0.91, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31.
Comcast Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio is 32.43%.
Institutional Investors Weigh In On Comcast
A number of large investors have recently modified their holdings of the company. Norges Bank acquired a new position in Comcast in the fourth quarter valued at approximately $3,835,226,000. Nuveen LLC purchased a new stake in shares of Comcast during the 1st quarter worth approximately $940,015,000. Raymond James Financial Inc. acquired a new position in shares of Comcast in the 4th quarter valued at $743,681,000. Dodge & Cox grew its position in shares of Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after buying an additional 15,115,074 shares during the last quarter. Finally, Amundi raised its stake in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock worth $895,499,000 after acquiring an additional 14,369,056 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on CMCSA. Evercore ISI reduced their target price on Comcast from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. TD Cowen cut their price target on shares of Comcast from $46.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 25th. UBS Group reduced their price objective on shares of Comcast from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday. New Street Research dropped their target price on shares of Comcast from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Benchmark restated a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.77.
Get Our Latest Report on Comcast
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.
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Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
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