Rep. Kevin Hern Sells Off Comcast Corporation (NASDAQ:CMCSA) Stock

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Comcast Corporation (NASDAQ:CMCSA). In a filing disclosed on August 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Comcast stock on August 5th. The trade occurred in the Representative’s “HERN FAMILY FOUNDATION” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Diageo (NYSE:DEO) on 8/5/2026.
• Sold $1,001 – $15,000 in shares of Estee Lauder Companies (NYSE:EL) on 8/5/2026.
• Sold $1,001 – $15,000 in shares of Organon & Co. (NYSE:OGN) on 8/5/2026.
• Sold $1,001 – $15,000 in shares of Mondelez International (NASDAQ:MDLZ) on 8/5/2026.
• Sold $1,001 – $15,000 in shares of Versant (NASDAQ:VSNT) on 8/5/2026.
• Sold $1,001 – $15,000 in shares of Kenvue (NYSE:KVUE) on 8/5/2026.

Comcast Trading Down 0.7%

Shares of CMCSA stock opened at $25.47 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $90.38 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.46 and a beta of 0.67. Comcast Corporation has a 1 year low of $21.28 and a 1 year high of $34.45. The firm has a fifty day moving average price of $23.74 and a 200-day moving average price of $26.92.

Comcast (NASDAQ:CMCSA) last announced its 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. The company had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.Comcast’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. As a group, equities analysts predict that Comcast Corporation will post 3.52 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.2%. Comcast’s payout ratio is presently 42.72%.

Institutional Trading of Comcast

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after buying an additional 2,160,829 shares during the last quarter. North Dakota State Investment Board acquired a new position in shares of Comcast in the 4th quarter valued at about $3,754,000. Inceptionr LLC purchased a new stake in shares of Comcast in the first quarter worth about $660,000. Bank of America Corp DE grew its holdings in Comcast by 10.2% during the first quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock worth $1,173,232,000 after acquiring an additional 3,783,234 shares during the period. Finally, Vest Financial LLC grew its holdings in Comcast by 72.1% during the fourth quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock worth $6,961,000 after acquiring an additional 97,601 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $31.00 price target on shares of Comcast in a report on Friday, July 24th. Wells Fargo & Company set a $23.00 target price on Comcast and gave the stock an “underweight” rating in a research report on Friday, July 24th. Barclays set a $26.00 target price on Comcast and gave the company an “equal weight” rating in a research note on Friday, July 24th. Weiss Ratings cut Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Finally, Citigroup dropped their price target on Comcast from $35.50 to $32.00 and set a “buy” rating for the company in a research note on Monday, June 29th. Eleven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.96.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

Comcast Company 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.