Comcast Corporation $CMCSA Shares Newly Purchased by NBT Bank N.A.

NBT Bank N.A. acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,754 shares of the cable giant’s stock, valued at approximately $517,000.

Other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC grew its stake in shares of Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after purchasing an additional 401 shares during the last quarter. Main Street Group LTD bought a new position in Comcast during the 1st quarter valued at approximately $27,000. GKV Capital Management Co. Inc. bought a new position in Comcast during the 1st quarter valued at approximately $32,000. Financial Freedom LLC lifted its holdings in Comcast by 72.8% in the 1st quarter. Financial Freedom LLC now owns 1,104 shares of the cable giant’s stock worth $32,000 after buying an additional 465 shares during the period. Finally, Allied Private Wealth LLC purchased a new stake in Comcast in the 2nd quarter worth approximately $26,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent analyst reports. Bank of America reiterated a “buy” rating and issued a $35.00 price objective (down from $37.00) on shares of Comcast in a research report on Wednesday, September 16th. KeyCorp downgraded Comcast from a “sector weight” rating to an “underweight” rating and set a $18.00 target price for the company. in a report on Thursday, September 24th. Wells Fargo & Company set a $23.00 price target on Comcast and gave the stock an “underweight” rating in a research note on Friday, July 24th. UBS Group reaffirmed a “neutral” rating and issued a $27.00 price target (down from $32.00) on shares of Comcast in a research note on Tuesday, September 15th. Finally, TD Cowen cut their price target on shares of Comcast from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Friday. Eleven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.58.

Trending Headlines about Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast reported third-quarter adjusted earnings of $1.07 per share, above the roughly $0.99 analyst consensus, while revenue of $29.3 billion was broadly in line with expectations. Wireless growth, improved Peacock profitability and strong film performance helped offset weakness elsewhere. Comcast beats earnings expectations as media revenue offsets weakness in connectivity
• Positive Sentiment: Management said approximately 70% of wireless trial lines converted to paid accounts, indicating that the wireless business may be gaining traction as Comcast seeks to diversify beyond broadband. Peacock also reached profitability, supporting momentum ahead of the planned NBCUniversal spinoff. Comcast: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Comcast declared a quarterly dividend of $0.33 per share, or $1.32 annually, offering an approximately 5.8% yield based on the reported share price. The payout may appeal to income-oriented investors, although the yield also reflects broader concerns about the stock’s growth outlook. Comcast Declares Quarterly Dividend
• Neutral Sentiment: The proposed separation of NBCUniversal from Comcast’s broadband, pay-TV and wireless operations could unlock value by allowing each business to pursue a more focused strategy. However, execution and the final structure of the transaction remain important uncertainties. Comcast Co-CEO Brian Roberts Touts Staffers’ Energy and Excitement About Pending NBCUniversal Split
• Negative Sentiment: Domestic broadband and video subscriber losses continued, with satellite and other competitors intensifying pressure on Comcast’s core connectivity business. Revenue fell about 6% year over year, and adjusted earnings declined from the prior-year quarter despite the EPS beat. Comcast broadband losses deepen as competition pressures core business
• Negative Sentiment: Comcast expects a fourth-quarter restructuring charge exceeding $1 billion, including layoffs, as it overhauls its connectivity operations. Analysts including TD Cowen, Goldman Sachs and Citi lowered price targets, underscoring investor concern that broadband weakness may persist. Comcast Flags $1 Billion Q4 Charge for Layoffs and Restructuring

Comcast Stock Performance

Shares of CMCSA opened at $22.69 on Friday. The company has a 50-day simple moving average of $23.80 and a two-hundred day simple moving average of $24.63. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.82 and a quick ratio of 0.80. The firm has a market capitalization of $80.52 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 1.63 and a beta of 0.68. Comcast Corporation has a one year low of $20.48 and a one year high of $32.85.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 22nd. The cable giant reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. Comcast had a return on equity of 14.64% and a net margin of 9.20%. The firm had revenue of $29.30 billion for the quarter, compared to the consensus estimate of $29.22 billion. During the same quarter in the prior year, the business earned $1.12 EPS. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, analysts anticipate that Comcast Corporation will post 3.52 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Wednesday, January 6th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 6th. This represents a $1.32 annualized dividend and a dividend yield of 5.8%. Comcast’s payout ratio is currently 42.72%.

Comcast Company Profile

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.