Comcast Corporation $CMCSA Shares Acquired by National Pension Service

Key Points

• National Pension Service increased its Comcast stake by 2.2% in the second quarter, acquiring 227,452 additional shares and bringing its total holding to 10.6 million shares valued at approximately $259.9 million.
• Comcast shares were trading at $24.59, down 6.6%, amid continued broadband subscriber losses, aggressive fiber pricing, and weakness at the Epic Universe theme park.
• The company reported quarterly EPS of $1.04, exceeding estimates, and declared a quarterly dividend of $0.33, equivalent to a 5.4% annualized yield. Analysts maintain a consensus “Hold” rating.

National Pension Service lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,585,616 shares of the cable giant's stock after acquiring an additional 227,452 shares during the quarter. National Pension Service owned 0.30% of Comcast worth $259,877,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Saudi Central Bank increased its position in shares of Comcast by 87.2% in the second quarter. Saudi Central Bank now owns 251,190 shares of the cable giant's stock valued at $6,167,000 after buying an additional 117,038 shares in the last quarter. North Dakota State Investment Board acquired a new stake in Comcast in the 4th quarter valued at $3,754,000. Inceptionr LLC acquired a new stake in Comcast in the 1st quarter valued at $660,000. Bank of America Corp DE increased its holdings in Comcast by 10.2% in the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant's stock worth $1,173,232,000 after acquiring an additional 3,783,234 shares in the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in Comcast by 7.7% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 875,247 shares of the cable giant's stock worth $21,487,000 after acquiring an additional 62,671 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Down 6.6%

Shares of CMCSA opened at $24.59 on Thursday. Comcast Corporation has a 52-week low of $21.28 and a 52-week high of $33.74. The stock has a market cap of $87.26 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 1.87 and a beta of 0.68. The firm's fifty day moving average is $24.95 and its two-hundred day moving average is $26.33. 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 (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.07. The business had revenue of $29.94 billion during the quarter, compared to analysts' expectations of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The company's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 earnings per share. Research analysts forecast that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a yield of 5.4%. Comcast's dividend payout ratio is presently 42.72%.

Comcast News Roundup

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

Analysts Set New Price Targets

Several equities analysts have issued reports on CMCSA shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $31.00 price objective on shares of Comcast in a report on Friday, July 24th. Sanford C. Bernstein reissued a "market perform" rating and set a $28.00 target price on shares of Comcast in a research note on Monday, July 13th. Scotiabank set a $29.00 price target on shares of Comcast in a research report on Friday, July 24th. Wells Fargo & Company set a $23.00 price target on shares of Comcast and gave the company an "underweight" rating in a research note on Friday, July 24th. Finally, BNP Paribas Exane lowered their price objective on Comcast from $25.00 to $22.00 and set an "underperform" rating on the stock in a report on Tuesday, July 14th. Eleven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $32.96.

About Comcast

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.

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