CI Investments Inc. Cuts Stake in Comcast Corporation $CMCSA

CI Investments Inc. cut its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 70.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,149 shares of the cable giant’s stock after selling 42,980 shares during the quarter. CI Investments Inc.’s holdings in Comcast were worth $521,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Imprint Wealth LLC purchased a new stake in Comcast during the 3rd quarter valued at about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Comcast in the fourth quarter worth about $27,000. Whipplewood Advisors LLC raised its holdings in Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after buying an additional 401 shares during the last quarter. Main Street Group LTD bought a new position in shares of Comcast in the first quarter worth approximately $27,000. Finally, Richardson Financial Services Inc. lifted its stake in shares of Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after buying an additional 691 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent analyst reports. Freedom Capital raised shares of Comcast to a “hold” rating in a research report on Friday, June 12th. New Street Research decreased their price objective on shares of Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Moffett Nathanson lowered their price objective on Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. Sanford C. Bernstein reiterated a “market perform” rating and set a $28.00 target price on shares of Comcast in a research note on Monday, July 13th. Finally, Seaport Research Partners raised Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.96.

Comcast Price Performance

CMCSA opened at $22.30 on Friday. The company’s 50-day simple moving average is $23.82 and its two-hundred day simple moving average is $27.26. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.87 and a current ratio of 0.80. The stock has a market capitalization of $79.66 billion, a P/E ratio of 7.22, a P/E/G ratio of 1.84 and a beta of 0.67. Comcast Corporation has a 52-week low of $21.28 and a 52-week high of $34.45.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The firm had revenue of $29.94 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same period in the previous year, the business posted $1.25 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, analysts predict that Comcast Corporation will post 3.47 EPS for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 annualized dividend and a yield of 5.9%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

Comcast News Roundup

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast beat second-quarter estimates, with adjusted EPS of $1.04 and revenue of $29.94 billion, both above Wall Street expectations. The beat was supported by record wireless additions, stronger studio performance, and improving broadband trends. Comcast Reports 2nd Quarter 2026 Results
• Positive Sentiment: Peacock turned profitable for the first time, adding 2 million paid subscribers to reach 48 million, which is boosting sentiment around Comcast’s media and streaming turnaround. Comcast’s Peacock records first ever profit on World Cup, ‘Love Island USA’ boost
• Positive Sentiment: Management said broadband repositioning, wireless growth, and the planned NBCUniversal/Sky separation are progressing, while Rosenblatt reiterated a Buy rating and a $31 price target, implying meaningful upside from recent levels. CMCSA Q2 Earnings Call Highlights Broadband Pivot and Wireless Growth
• Neutral Sentiment: Comcast declared a quarterly dividend of $0.33 per share, reinforcing its income profile, but this is unlikely to be the main driver of the stock’s move today.
• Neutral Sentiment: Recent short-interest data was effectively flat at zero, so there is no clear short-squeeze or bearish positioning signal helping explain the move.
• Negative Sentiment: Offsetting the positives, domestic broadband customer losses continued and second-quarter profit was lower year over year, which keeps pressure on Comcast’s core connectivity business. Comcast Reports Lower Profit, Narrows Domestic Broadband Subscriber Losses
• Negative Sentiment: Some investors were also disappointed that Comcast paused share repurchases while it prepares for the planned business separation, reducing a prior source of stock support. Comcast slips as broadband losses and buyback pause overshadow Q2 beat

About Comcast

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.