Matrix Asset Advisors Inc. NY Lowers Stake in Comcast Corporation $CMCSA

Matrix Asset Advisors Inc. NY decreased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 29.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 600,301 shares of the cable giant’s stock after selling 246,396 shares during the period. Comcast accounts for about 1.6% of Matrix Asset Advisors Inc. NY’s portfolio, making the stock its 24th biggest holding. Matrix Asset Advisors Inc. NY’s holdings in Comcast were worth $17,943,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Capital A Wealth Management LLC increased its stake in Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after acquiring an additional 436 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Comcast during the second quarter worth $29,000. Imprint Wealth LLC bought a new stake in Comcast during the 3rd quarter valued at about $26,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Comcast in the second quarter valued at approximately $31,000. Finally, United Financial Planning Group LLC purchased a new stake in shares of Comcast in the 3rd quarter worth $28,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

More Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Bank of America re‑affirmed Comcast as a “Buy,” signaling institutional conviction despite short‑term weakness — this supports a longer‑term thesis for the stock. BofA Reiterates Comcast
• Positive Sentiment: Comcast is expanding rural and suburban multi‑gig broadband and launched “Total Solutions Advantage,” bundled connectivity + cybersecurity plans for small businesses — initiatives that can drive ARPU growth and enterprise penetration over time. Rural Upgrades & Bundled Cybersecurity
• Positive Sentiment: Comcast Advertising partnered with DISQO to add deterministic TV/streaming attribution, strengthening ad measurement capabilities — a revenue/cross‑sell catalyst for the advertising unit. DISQO Partnership
• Neutral Sentiment: Brokerage consensus remains centered around “Hold”; coverage is mixed which can limit near‑term conviction despite product and network progress. Consensus Hold
• Neutral Sentiment: The stock saw an earlier intraday uptick tied to the SMB plans and network expansion news; that bullish reaction has partially reversed as traders reassess momentum. Intraday Move Explained
• Negative Sentiment: A price‑target cut from Scotiabank (from $35.25 to $34.00) and its “sector perform” stance reduce near‑term upside confidence for some investors, contributing to selling pressure. Scotiabank Lowers PT
• Negative Sentiment: Headline coverage flagged the stock’s pullback as markets broadly gained, reinforcing the narrative of short‑term underperformance and analyst caution (only ~30% of analysts bullish), which pressures sentiment. Zacks: Stock Sinks

Wall Street Analyst Weigh In

Several research firms recently weighed in on CMCSA. Pivotal Research downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Scotiabank dropped their target price on shares of Comcast from $35.25 to $34.00 and set a “sector perform” rating on the stock in a report on Wednesday. Bank of America upgraded shares of Comcast from a “neutral” rating to a “buy” rating and boosted their price target for the company from $31.00 to $37.00 in a report on Monday, January 12th. UBS Group lowered their price target on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Finally, Arete Research set a $23.00 price objective on shares of Comcast in a research note on Tuesday, January 6th. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and an average target price of $34.71.

Comcast Stock Performance

Shares of CMCSA stock opened at $28.05 on Thursday. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $36.66. The business’s fifty day simple moving average is $30.33 and its 200-day simple moving average is $29.42. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market cap of $100.92 billion, a PE ratio of 5.22, a PEG ratio of 2.28 and a beta of 0.80.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter last year, the firm earned $0.96 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is currently 24.58%.

Insider Buying and Selling at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.32% of the company’s stock.

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.