Peterson Wealth Services reduced its stake in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 56.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,712 shares of the cable giant’s stock after selling 24,230 shares during the period. Peterson Wealth Services’ holdings in Comcast were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in CMCSA. Capital A Wealth Management LLC boosted its stake in Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 436 shares in the last quarter. Avalon Trust Co lifted its holdings in shares of 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 period. Howard Hughes Medical Institute bought a new position in Comcast during the second quarter valued at about $29,000. Princeton Global Asset Management LLC grew its holdings in Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after acquiring an additional 686 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in Comcast in the second quarter worth about $31,000. Institutional investors and hedge funds own 84.32% of the company’s stock.
Key Stories Impacting Comcast
Here are the key news stories impacting Comcast this week:
- Positive Sentiment: Comcast expanded its Project UP digital-inclusion effort, extending Easter Seals’ BridgingApps program to five more affiliates — a reputational and long-term demand-building initiative for broadband adoption. Easter Seals Program Expansion
- Positive Sentiment: Coverage highlighting Comcast as a high-yield, dividend-friendly name keeps it attractive to income-focused investors and may support demand from dividend-seeking funds. Dividend / Income Coverage
- Neutral Sentiment: Management is reportedly reworking Comcast’s connectivity operations amid rising legal and sports-related stakes — a strategic reset that could reduce costs or shift investment priorities, but also signals heightened execution risk. Connectivity Business Reset
- Neutral Sentiment: Comcast is a trending topic on investor sites, drawing attention that can increase short-term volatility but doesn’t by itself change fundamentals. Trending Stock Coverage
- Neutral Sentiment: Rosenblatt reiterated a “Neutral” rating on CMCSA, which is maintenance rather than a catalyst. Rosenblatt Rating
- Neutral Sentiment: Reported short-interest data in the feed appears anomalous (zeros/NaN); there’s no clear evidence here of a large short squeeze or covering that would move the stock materially. (Data caution — treat as non-confirmatory.)
- Negative Sentiment: Multiple analyst price-target cuts are weighing on the stock: TD Cowen lowered its target to $39.00. TD Cowen PT Cut
- Negative Sentiment: Scotiabank reduced its price target to $35.25, signaling weaker near-term expectations. Scotiabank PT Cut
- Negative Sentiment: Deutsche Bank cut its target to $35.00 and UBS trimmed its target to $32.00 — several peers moving lower increases downward pressure on the stock. Deutsche Bank PT Cut UBS PT Cut
Comcast Price Performance
Comcast (NASDAQ:CMCSA – Get Free Report) last posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. The company had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. As a group, research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.
Comcast Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is 24.58%.
Analysts Set New Price Targets
A number of analysts recently commented on CMCSA shares. Moffett Nathanson dropped their target price on shares of Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. UBS Group decreased their price target on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday. Evercore ISI cut their price objective on Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Barclays set a $28.00 price objective on Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Finally, Daiwa Capital Markets cut their target price on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. Eleven equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $34.90.
Check Out Our Latest Research Report on Comcast
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.
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