Scharf Investments LLC Sells 2,390,225 Shares of Comcast Corporation $CMCSA

Scharf Investments LLC trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 96.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 85,847 shares of the cable giant’s stock after selling 2,390,225 shares during the quarter. Scharf Investments LLC’s holdings in Comcast were worth $2,566,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CMCSA. Lodestone Wealth Management LLC bought a new stake in Comcast during the fourth quarter valued at about $33,000. Three Seasons Wealth LLC bought a new position in Comcast in the fourth quarter worth about $239,000. Nisa Investment Advisors LLC lifted its position in shares of Comcast by 129.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,860,191 shares of the cable giant’s stock valued at $85,491,000 after buying an additional 1,613,443 shares during the last quarter. Rockland Trust Co. grew its position in shares of Comcast by 32.6% in the 4th quarter. Rockland Trust Co. now owns 19,347 shares of the cable giant’s stock worth $578,000 after buying an additional 4,759 shares during the last quarter. Finally, Hara Capital LLC grew its position in shares of Comcast by 421.9% in the 4th quarter. Hara Capital LLC now owns 42,302 shares of the cable giant’s stock worth $1,264,000 after buying an additional 34,197 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Barclays set a $28.00 target price on shares of Comcast and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Benchmark cut their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a report on Friday, January 9th. Arete Research set a $23.00 price objective on Comcast in a research report on Tuesday, January 6th. Finally, Bank of America raised Comcast from a “neutral” rating to a “buy” rating and upped their target price for the company from $31.00 to $37.00 in a research report on Monday, January 12th. Ten investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.76.

Comcast News Roundup

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast Advertising partnered with DISQO to deliver deterministic TV attribution across Comcast TV and streaming campaigns — a potential boost to ad demand and measurement credibility for Comcast Advertising. DISQO and Comcast Advertising Partner
• Positive Sentiment: Comcast Business launched “Total Solutions Advantage,” simplified all‑in‑one plans for small businesses starting at $60/month — expands SMB product portfolio and could drive ARPU and business broadband growth if adoption scales. Comcast Business Launches Total Solutions Advantage
• Positive Sentiment: Local network expansions: Comcast reported multi‑gigabit, symmetrical internet availability added for thousands of homes/businesses in Merrimack County, NH and in East Nottingham & Oxford Borough, PA — incremental customer reach that supports broadband net‑adds and future revenue. Merrimack County expansion East Nottingham & Oxford expansion
• Neutral Sentiment: Market commentary noted Comcast among stocks making intraday moves yesterday — useful context for volatility but not a specific company catalyst. Stocks making big moves yesterday
• Neutral Sentiment: Preview pieces outline what to watch in Comcast’s next quarterly earnings (subscriber trends, ad revenue, broadband growth and margins) — a near‑term catalyst that will drive direction once results are released. What to Expect From Comcast’s Next Quarterly Earnings Report
• Neutral Sentiment: Coverage consensus remains a “Hold,” reflecting mixed analyst views even as operational initiatives roll out — suggests limited near‑term upgrades absent clearer macro or earnings upside. Given Consensus Recommendation of “Hold”
• Negative Sentiment: Underlying fundamentals carry caution: last quarter showed an EPS beat but a slight revenue miss and EPS down year‑over‑year, which can temper investor enthusiasm and leave the name vulnerable to profit‑taking. (Context from recent results and analyst estimates.)

Comcast Stock Down 0.7%

Shares of CMCSA stock opened at $28.71 on Wednesday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $37.13. The firm has a market capitalization of $103.29 billion, a PE ratio of 5.35, a P/E/G ratio of 2.30 and a beta of 0.79. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s 50-day simple moving average is $30.34 and its 200-day simple moving average is $29.43.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.6%. Comcast’s dividend payout ratio is presently 24.58%.

Insider Buying and Selling at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.26% of the stock is owned by insiders.

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.