Scharf Investments LLC Reduces Stock Position in Comcast Corporation $CMCSA

Scharf Investments LLC cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 96.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,847 shares of the cable giant’s stock after selling 2,390,225 shares during the period. Scharf Investments LLC’s holdings in Comcast were worth $2,566,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Cape Investment Advisory Inc. increased its stake in Comcast by 2.6% during the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after acquiring an additional 307 shares during the last quarter. Lakeshore Capital Group Inc. lifted its stake in shares of Comcast by 2.6% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock valued at $428,000 after purchasing an additional 343 shares during the last quarter. Hengehold Capital Management LLC lifted its stake in shares of Comcast by 0.5% in the 3rd quarter. Hengehold Capital Management LLC now owns 82,778 shares of the cable giant’s stock valued at $2,601,000 after purchasing an additional 372 shares during the last quarter. Commonwealth Financial Services LLC boosted its holdings in shares of Comcast by 4.6% in the 3rd quarter. Commonwealth Financial Services LLC now owns 8,429 shares of the cable giant’s stock worth $265,000 after purchasing an additional 372 shares during the period. Finally, Grove Bank & Trust boosted its holdings in shares of Comcast by 1.1% in the 3rd quarter. Grove Bank & Trust now owns 35,919 shares of the cable giant’s stock worth $1,129,000 after purchasing an additional 375 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Down 0.7%

NASDAQ:CMCSA opened at $28.71 on Wednesday. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.13. The company has a market cap of $103.29 billion, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 2.30 and a beta of 0.79. The stock has a fifty day simple moving average of $30.34 and a 200-day simple moving average of $29.43. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. During the same quarter last year, the firm posted $0.96 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. Analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s payout ratio is currently 24.58%.

Insider Activity

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.26% of the company’s stock.

Trending Headlines about Comcast

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.)

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent research reports. Royal Bank Of Canada decreased their price target on Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a report on Friday, January 16th. Morgan Stanley cut their price objective on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 10th. Bank of America raised shares of Comcast from a “neutral” rating to a “buy” rating and increased their target price for the company from $31.00 to $37.00 in a research note on Monday, January 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Friday, January 9th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $30.00 price target on shares of Comcast in a research note on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $34.76.

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.