Comcast Corporation $CMCSA Stock: Pinnacle Associates Ltd. Increases Holdings

Pinnacle Associates Ltd. grew its position in Comcast Corporation (NASDAQ:CMCSA) by 8.8% during the third quarter, HoldingsChannel reports. The firm owned 589,974 shares of the cable giant’s stock after buying an additional 47,883 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Comcast were worth $12,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Allied Private Wealth LLC acquired a new stake in shares of Comcast in the second quarter worth $26,000. Whipplewood Advisors LLC grew its stake in Comcast by 75.5% in the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after buying an additional 401 shares during the last quarter. Main Street Group LTD acquired a new position in Comcast in the 1st quarter valued at $27,000. Thompson Investment Management Inc. bought a new position in Comcast in the 2nd quarter worth $29,000. Finally, Provenance Wealth Advisors LLC bought a new position in Comcast in the 1st quarter worth $30,000. Institutional investors 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 trades at roughly six times earnings and offers a dividend yield near 6%, which could appeal to income-oriented and value investors. A potential spinoff may also unlock value if the separated businesses improve their strategic positioning. Comcast Trades at 6 Times Earnings and Yields 6%
• Positive Sentiment: Recent institutional activity was mixed but included sizeable purchases by Invesco, Arrowstreet Capital, JPMorgan and Capital Research, suggesting some large investors view CMCSA’s depressed valuation as attractive.
• Neutral Sentiment: Investors are awaiting third-quarter results, with broadband subscriber trends, revenue, margins and management’s outlook expected to be the main catalysts. Comcast is scheduled to report on October 22. Comcast Q3 2026 Earnings Preview
• Negative Sentiment: Comcast is reportedly planning significant job cuts as part of a restructuring of its cable-TV, broadband and wireless operations. While the reductions could lower costs, they also signal pressure on the company’s core businesses. Comcast Planning Significant Job Cuts
• Negative Sentiment: Management previously indicated that third-quarter broadband subscriber losses were unlikely to improve year over year, amid aggressive, low-priced fiber competition. Investor concerns about another weak broadband quarter have weighed on the stock. Comcast Falls as Investors Brace for Another Tough Broadband Quarter
• Negative Sentiment: Options activity also reflected bearish positioning, with put purchases more than doubling the average daily volume on October 20.

Comcast Stock Down 1.3%

CMCSA opened at $22.08 on Thursday. The business has a 50 day moving average of $23.94 and a 200-day moving average of $24.68. The stock has a market capitalization of $78.35 billion, a price-to-earnings ratio of 7.15, a P/E/G ratio of 1.60 and a beta of 0.68. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. Comcast Corporation has a 1-year low of $20.48 and a 1-year high of $32.85.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. Comcast’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 earnings per share. As a group, sell-side analysts anticipate that Comcast Corporation will post 3.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. BNP Paribas Exane cut their target price on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. New Street Research lowered their price target on Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $31.00 price target on shares of Comcast in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded Comcast from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $34.00 to $32.00 in a research note on Tuesday, June 30th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $23.00 price objective on shares of Comcast in a research report on Tuesday, October 13th. Eleven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.81.

Comcast Profile

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.