Novare Capital Management LLC Decreases Holdings in Comcast Corporation $CMCSA

Novare Capital Management LLC cut its stake in Comcast Corporation (NASDAQ:CMCSA) by 95.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,341 shares of the cable giant’s stock after selling 185,895 shares during the quarter. Novare Capital Management LLC’s holdings in Comcast were worth $293,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital A Wealth Management LLC raised its holdings in shares of Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after buying an additional 436 shares during the period. Avalon Trust Co lifted its position in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in shares of Comcast during the second quarter worth $29,000. Princeton Global Asset Management LLC boosted its stake in shares of Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Comcast during the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CMCSA. Arete Research set a $23.00 price objective on shares of Comcast in a report on Tuesday, January 6th. Barclays set a $28.00 price target on Comcast and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Sanford C. Bernstein reduced their price objective on Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th. Evercore ISI lowered their target price on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Finally, Citigroup reduced their price target on shares of Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target of $35.47.

Key Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Xfinity will offer RealTime4K streaming for Super Bowl LX — a product/marketing push that can boost subscriber engagement and premium streaming usage around a marquee live event. Xfinity Introduces RealTime4K for Super Bowl LX
• Positive Sentiment: Versant Media Group spin‑off continues to reshape Comcast’s core business map — investors may view the separation as value‑unlocking and a way to sharpen Comcast’s focus on core broadband/entertainment operations. Is Comcast Quietly Redrawing Its Core Business Map With the Versant Spin-Off?
• Neutral Sentiment: Multiple preview pieces are setting expectations for Comcast’s upcoming Q4 earnings, highlighting revenue mix, ad trends and subscriber dynamics — these previews increase short‑term volatility around the print but don’t change fundamentals until results are released. Comcast Gears Up to Report Q4 Earnings
• Neutral Sentiment: Analysts and market commentaries see the stock potentially range‑bound after the spin‑off and recent technical setup — expect trading to be driven by quarterly results and subscriber/ad revenue data. Why Comcast Stock May Stay Tuned To A Range
• Neutral Sentiment: Reported short‑interest figures for late January show apparent large increases but the published totals contain zeros/NaN values — the data looks unreliable; if genuine, rising short interest would be a bearish signal, but the anomaly makes the item ambiguous for immediate trading decisions.
• Negative Sentiment: BNP Paribas Exane trimmed its price target slightly to $28.00 and maintained a “neutral” rating — this modest cut signals limited upside from current levels and may weigh on investor sentiment near the stock’s recent trading price. BNP Paribas Exane Adjusts Price Target on Comcast

Comcast Stock Performance

Shares of CMCSA opened at $28.41 on Thursday. The firm has a fifty day moving average of $28.31 and a 200-day moving average of $30.40. The company has a market cap of $103.52 billion, a price-to-earnings ratio of 4.73, a price-to-earnings-growth ratio of 2.02 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $37.97.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 30th. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $31.20 billion for the quarter, compared to analysts’ expectations of $30.74 billion. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. As a group, equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

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.