136,839 Shares in Comcast Corporation $CMCSA Bought by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC purchased a new position in shares of Comcast Corporation (NASDAQ:CMCSA) during the 2nd quarter, HoldingsChannel reports. The firm purchased 136,839 shares of the cable giant’s stock, valued at approximately $3,359,000.

Other hedge funds also recently bought and sold shares of the company. State Street Corp grew its position in shares of Comcast by 3.4% during the fourth quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock worth $5,583,604,000 after buying an additional 6,117,946 shares in the last quarter. Capital World Investors raised its holdings in Comcast by 20.8% in the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after acquiring an additional 24,166,881 shares in the last quarter. Dodge & Cox raised its holdings in Comcast by 0.4% in the fourth quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock valued at $3,376,599,000 after acquiring an additional 399,596 shares in the last quarter. Geode Capital Management LLC lifted its stake in Comcast by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock worth $2,680,747,000 after acquiring an additional 1,465,428 shares during the last quarter. Finally, Norges Bank acquired a new position in Comcast during the 4th quarter worth approximately $2,498,626,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $27.06 on Monday. 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 1-year low of $21.28 and a 1-year high of $34.45. The stock has a market cap of $96.03 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The firm has a fifty day moving average price of $24.47 and a 200 day moving average price of $26.64.

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

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders 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 dividend yield of 4.9%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio is 42.72%.

Trending Headlines about Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast’s planned separation of NBCUniversal and Sky could help unlock value by reducing the conglomerate discount and allowing investors to value its connectivity and media businesses separately. Peacock’s first reported profit strengthens the case that the media assets may be more attractive as a standalone company. Did Comcast’s NBCU Spin-off and Peacock Profit Just Shift Comcast’s Investment Narrative? Comcast At Book Value: Separation Could End Conglomerate Discount
• Positive Sentiment: Value-focused investor Greenlight Capital added Comcast during a pullback, providing a favorable signal for investors who view the stock as undervalued after years of underperformance. Greenlight Capital Added Comcast Amid Pullback
• Positive Sentiment: Analysts point to Xfinity Mobile growth, Comcast’s low-cost Verizon roaming arrangement, selective network investment, and resilient NBCUniversal content and theme parks as potential new profit drivers as broadband competition intensifies. After A Decade Of Underperformance, Comcast Is Finally Ready To Rebound
• Positive Sentiment: A partnership with Tracer will create a unified operational layer for Universal Ads, supporting centralized campaign management, real-time measurement, and future AI-driven self-service advertising products. Comcast Builds Unified TV Ad Platform To Expand AI Driven Advertising
• Neutral Sentiment: Comcast received a consensus analyst rating of “Hold,” indicating that Wall Street remains cautious despite the company’s low valuation and restructuring potential. Comcast Given Consensus Rating of Hold by Analysts
• Neutral Sentiment: Executives are scheduled to present at Goldman Sachs and BofA Securities investor conferences in September, creating possible near-term catalysts for updates on the spin-off, broadband trends, and advertising strategy. Goldman Sachs Investor Conference BofA Securities Investor Conference
• Negative Sentiment: Broadband demand remains a concern as Comcast’s historical market position erodes, while recent public-relations issues and skepticism about the turnaround could limit the stock’s rebound.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CMCSA. Freedom Capital upgraded shares of Comcast to a “hold” rating in a report on Friday, June 12th. BNP Paribas Exane lowered their target price on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research note on Tuesday, July 14th. Royal Bank Of Canada set a $26.00 target price on Comcast and gave the company a “sector perform” rating in a report on Friday, July 24th. Seaport Research Partners upgraded Comcast from a “neutral” rating to a “buy” rating in a research note on Thursday, July 2nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. Eleven investment 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. According to data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average price target of $32.96.

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.