VIRGINIA RETIREMENT SYSTEMS ET Al Invests $3.37 Million in Comcast Corporation $CMCSA

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 137,100 shares of the cable giant’s stock, valued at approximately $3,366,000.

Other large investors have also bought and sold shares of the company. Allied Private Wealth LLC bought a new position in shares of Comcast in the second quarter worth about $26,000. Imprint Wealth LLC bought a new stake in shares of Comcast during the 3rd quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Comcast during the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC lifted its stake in Comcast by 75.5% in the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 401 shares during the last quarter. Finally, Main Street Group LTD bought a new position in Comcast in the 1st quarter valued at approximately $27,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $28.00 target price on shares of Comcast in a research note on Monday, July 13th. The Goldman Sachs Group dropped their price target on Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Seaport Research Partners upgraded Comcast from a “neutral” rating to a “buy” rating in a research report on Thursday, July 2nd. Citigroup lowered their target price on Comcast from $35.50 to $32.00 and set a “buy” rating for the company in a report on Monday, June 29th. Finally, Wells Fargo & Company set a $23.00 target price 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, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $32.96.

Comcast News Summary

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: New iPhone lineup supports wireless ambitions. Xfinity Mobile and Comcast Business Mobile will offer Apple’s iPhone Duo, iPhone 18 Pro and iPhone 18 Pro Max. The launch could help Comcast attract and retain wireless customers, although the financial impact is likely to develop over time. Xfinity Mobile, Comcast Business Mobile to Offer iPhone Duo, iPhone 18 Pro, and iPhone 18 Pro Max
• Neutral Sentiment: NBCUniversal separation remains on track. At the Goldman Sachs Communacopia + Technology Conference, CFO Jason Armstrong defended the planned separation of NBCUniversal from Comcast’s connectivity operations. The restructuring could eventually clarify the value of the company’s businesses, but it does not immediately resolve operating pressures. Comcast CFO Notes Ongoing Epic Universe Softness, Dinging Stock; NBCU Split on Track
• Negative Sentiment: Broadband outlook deteriorated. Comcast indicated it expects no improvement in third-quarter broadband trends, with continued subscriber losses weighing on its core connectivity business. Armstrong also described fiber broadband pricing as “irrational,” highlighting aggressive competition and pressure on customer economics. Comcast drops 7% on persistent broadband losses and irrational fiber pricing
• Negative Sentiment: Theme-park weakness added to investor concerns. The CFO also noted ongoing softness at Epic Universe, creating another headwind for NBCUniversal’s growth outlook while the company prepares the planned spinoff. Comcast CFO Notes Ongoing Epic Universe Softness, Dinging Stock; NBCU Split on Track

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $24.59 on Thursday. The company has a market capitalization of $87.26 billion, a PE ratio of 7.96, a P/E/G ratio of 1.87 and a beta of 0.68. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. Comcast Corporation has a twelve month low of $21.28 and a twelve month high of $33.74. The firm has a fifty day simple moving average of $24.95 and a 200 day simple moving average of $26.33.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share 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 firm had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same period last year, the business posted $1.25 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Comcast Corporation will post 3.52 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 annualized dividend and a yield of 5.4%. Comcast’s dividend payout ratio (DPR) is currently 42.72%.

Comcast Profile

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company that provides broadband, wireless, video, voice and related services to residential and business customers. Through its connectivity businesses, Comcast offers internet access, mobile service, pay television, telephone service, and home security and automation products, primarily under the Xfinity brand in the United States.

Comcast also operates a broad portfolio of entertainment and media businesses. NBCUniversal includes the NBC and Telemundo broadcast networks, cable networks, film and television studios, the Peacock streaming service, and a collection of theme parks.