Comcast Corporation $CMCSA Stock Holdings Lessened by WASHINGTON TRUST Co

WASHINGTON TRUST Co decreased its stake in Comcast Corporation (NASDAQ:CMCSA) by 44.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 60,143 shares of the cable giant’s stock after selling 47,374 shares during the period. WASHINGTON TRUST Co’s holdings in Comcast were worth $1,309,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CMCSA. Cedar Mountain Advisors LLC raised its stake in Comcast by 48.2% during the first quarter. Cedar Mountain Advisors LLC now owns 1,196 shares of the cable giant’s stock worth $34,000 after acquiring an additional 389 shares in the last quarter. PFG Investments LLC boosted its stake in shares of Comcast by 0.9% in the 1st quarter. PFG Investments LLC now owns 41,771 shares of the cable giant’s stock valued at $1,199,000 after purchasing an additional 391 shares in the last quarter. Simmons Bank boosted its stake in shares of Comcast by 2.3% in the 1st quarter. Simmons Bank now owns 17,795 shares of the cable giant’s stock valued at $511,000 after purchasing an additional 400 shares in the last quarter. Whipplewood Advisors LLC grew its holdings in shares of Comcast by 75.5% in the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after purchasing an additional 401 shares during the last quarter. Finally, Bollard Group LLC grew its holdings in shares of Comcast by 1.1% in the 1st quarter. Bollard Group LLC now owns 37,607 shares of the cable giant’s stock worth $1,080,000 after purchasing an additional 405 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CMCSA. Weiss Ratings lowered shares of Comcast from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday. Royal Bank Of Canada set a $26.00 price objective on shares of Comcast and gave the company a “sector perform” rating in a research report on Friday, July 24th. Zacks Research downgraded shares of Comcast from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Citigroup dropped their target price on shares of Comcast from $30.00 to $27.50 and set a “buy” rating for the company in a research note on Thursday, September 24th. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $30.58.

Key Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast reported third-quarter adjusted earnings of $1.07 per share, above the roughly $0.99 analyst consensus, while revenue of $29.3 billion was broadly in line with expectations. Wireless growth, improved Peacock profitability and strong film performance helped offset weakness elsewhere. Comcast beats earnings expectations as media revenue offsets weakness in connectivity
• Positive Sentiment: Management said approximately 70% of wireless trial lines converted to paid accounts, indicating that the wireless business may be gaining traction as Comcast seeks to diversify beyond broadband. Peacock also reached profitability, supporting momentum ahead of the planned NBCUniversal spinoff. Comcast: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Comcast declared a quarterly dividend of $0.33 per share, or $1.32 annually, offering an approximately 5.8% yield based on the reported share price. The payout may appeal to income-oriented investors, although the yield also reflects broader concerns about the stock’s growth outlook. Comcast Declares Quarterly Dividend
• Neutral Sentiment: The proposed separation of NBCUniversal from Comcast’s broadband, pay-TV and wireless operations could unlock value by allowing each business to pursue a more focused strategy. However, execution and the final structure of the transaction remain important uncertainties. Comcast Co-CEO Brian Roberts Touts Staffers’ Energy and Excitement About Pending NBCUniversal Split
• Negative Sentiment: Domestic broadband and video subscriber losses continued, with satellite and other competitors intensifying pressure on Comcast’s core connectivity business. Revenue fell about 6% year over year, and adjusted earnings declined from the prior-year quarter despite the EPS beat. Comcast broadband losses deepen as competition pressures core business
• Negative Sentiment: Comcast expects a fourth-quarter restructuring charge exceeding $1 billion, including layoffs, as it overhauls its connectivity operations. Analysts including TD Cowen, Goldman Sachs and Citi lowered price targets, underscoring investor concern that broadband weakness may persist. Comcast Flags $1 Billion Q4 Charge for Layoffs and Restructuring

Comcast Trading Down 0.7%

Shares of NASDAQ:CMCSA traded down $0.15 during midday trading on Friday, hitting $22.69. The company had a trading volume of 31,333,087 shares, compared to its average volume of 31,472,736. Comcast Corporation has a 12 month low of $20.48 and a 12 month high of $32.85. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 0.91. The stock has a market cap of $80.52 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 1.64 and a beta of 0.68. The firm has a fifty day simple moving average of $23.80 and a 200 day simple moving average of $24.63.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 22nd. The cable giant reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. Comcast had a return on equity of 14.64% and a net margin of 9.20%. The business had revenue of $29.30 billion during the quarter, compared to the consensus estimate of $29.22 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. The firm’s revenue was down 6.1% on a year-over-year basis. On average, analysts predict that Comcast Corporation will post 3.49 EPS for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 27th. Stockholders of record on Wednesday, January 6th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Wednesday, January 6th. Comcast’s payout ratio is presently 42.72%.

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.