Comcast Corporation $CMCSA Stock Position Lowered by SVB Wealth LLC

SVB Wealth LLC decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 41.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,062 shares of the cable giant’s stock after selling 25,899 shares during the quarter. SVB Wealth LLC’s holdings in Comcast were worth $885,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CMCSA. Imprint Wealth LLC acquired a new position in Comcast during the third quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast during the 4th quarter valued at about $27,000. Whipplewood Advisors LLC boosted its position in shares of Comcast by 75.5% during the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 401 shares in the last quarter. Main Street Group LTD acquired a new position in shares of Comcast in the 1st quarter worth approximately $27,000. Finally, Provenance Wealth Advisors LLC acquired a new position in shares of Comcast in the 1st quarter worth approximately $30,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $24.59 on Thursday. The firm’s 50 day simple moving average is $24.95 and its 200-day simple moving average is $26.33. 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. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. Comcast Corporation has a fifty-two week low of $21.28 and a fifty-two week high of $33.74.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, equities research analysts predict that Comcast Corporation will post 3.52 EPS for the current year.

Comcast Announces Dividend

The company 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%.

Wall Street Analyst Weigh In

Several analysts recently commented on CMCSA shares. Seaport Research Partners raised shares of Comcast from a “neutral” rating to a “buy” rating in a research note on Thursday, July 2nd. Freedom Capital upgraded shares of Comcast to a “hold” rating in a research report on Friday, June 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $28.00 price target on shares of Comcast in a report on Monday, July 13th. Wells Fargo & Company set a $23.00 price objective on Comcast and gave the company an “underweight” rating in a research report on Friday, July 24th. Finally, Royal Bank Of Canada set a $26.00 price objective on Comcast and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.96.

Trending Headlines about Comcast

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

Comcast Profile

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.