Comcast Corporation $CMCSA Shares Sold by Arizona State Retirement System

Key Points

• Arizona State Retirement System trimmed its Comcast stake by 4.6%, selling 49,613 shares and leaving 1,037,999 shares worth about $31.03 million.
• Comcast beat Q1 estimates with $31.46 billion in revenue and $0.79 adjusted EPS, lifting the stock ~7.7% as ad sales (Olympics/Super Bowl), narrowing broadband losses, strong wireless adds, and Peacock nearing profitability point to operational momentum.
• CEO Michael Cavanagh sold 57,947 shares (an 8.52% reduction in his position); institutional investors own roughly 84.32% of Comcast, while analysts' consensus is "Hold" with a $34.85 target and the stock yields about 4.2%.

Arizona State Retirement System lessened its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,037,999 shares of the cable giant's stock after selling 49,613 shares during the period. Arizona State Retirement System's holdings in Comcast were worth $31,026,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its position in Comcast by 22.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 42,045 shares of the cable giant's stock valued at $1,257,000 after acquiring an additional 7,641 shares during the period. Diversified Enterprises LLC increased its position in Comcast by 11.0% in the 4th quarter. Diversified Enterprises LLC now owns 19,210 shares of the cable giant's stock valued at $574,000 after acquiring an additional 1,898 shares during the period. WPG Advisers LLC increased its position in Comcast by 15.9% in the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant's stock valued at $84,000 after acquiring an additional 384 shares during the period. Chicago Partners Investment Group LLC increased its position in Comcast by 115.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 48,458 shares of the cable giant's stock valued at $1,420,000 after acquiring an additional 25,954 shares during the period. Finally, Quent Long Short Global Small Cap Fund LP acquired a new position in Comcast in the 4th quarter valued at about $379,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Trending Headlines about Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Q1 beat — Comcast reported Q1 revenue of about $31.46B and adjusted EPS of $0.79, topping Street estimates and prompting the rally. Read More.
• Positive Sentiment: Big-event advertising lift — Ad sales were boosted by the Milan Cortina Winter Olympics and Super Bowl LX, lifting Content/advertising revenue for the quarter. Read More.
• Positive Sentiment: Connectivity momentum — Broadband subscriber losses narrowed (net loss ~65k) and wireless additions were strong (hundreds of thousands of net wireless line adds), signaling stabilization in core services. Read More.
• Positive Sentiment: Wireless product push — Xfinity Mobile launched new premium plans (Mobile Plus and Mobile Select) aimed at higher ARPU and retention. Read More.
• Positive Sentiment: Streaming & conversion catalysts — Management expects Peacock to approach profitability next quarter and plans to convert the majority of free wireless lines to paid in 2H 2026, both of which could lift margins. Read More.
• Neutral Sentiment: Valuation view — Some DCF and P/E analyses argue CMCSA may trade below intrinsic value, supporting upside if execution continues; this is analyst-driven context rather than a company action. Read More.
• Negative Sentiment: Year-over-year profit drop and longer-term share slump — EPS declined from $1.09 a year ago to $0.79 this quarter and the stock had been down roughly 10% over the past year, underscoring that challenges remain. Read More.
• Negative Sentiment: Insider and institutional activity — Recent insider sales and large institutional position changes have been noted by market trackers, which can be viewed as a near-term headwind for sentiment. Read More.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent analyst reports. Scotiabank dropped their price target on shares of Comcast from $35.25 to $34.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 1st. Rosenblatt Securities reaffirmed a "neutral" rating and set a $30.00 price target on shares of Comcast in a research note on Friday, January 30th. Bank of America raised shares of Comcast from a "neutral" rating to a "buy" rating and upped their price target for the stock from $31.00 to $37.00 in a research note on Monday, January 12th. BNP Paribas Exane lowered their target price on Comcast from $26.00 to $25.00 and set an "underperform" rating on the stock in a report on Wednesday, April 8th. Finally, Barclays set a $28.00 target price on Comcast and gave the company an "equal weight" rating in a report on Tuesday, January 13th. Ten research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Comcast presently has a consensus rating of "Hold" and a consensus target price of $34.85.

Comcast Stock Up 7.7%

Comcast stock opened at $31.64 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $113.84 billion, a price-to-earnings ratio of 5.89, a price-to-earnings-growth ratio of 2.44 and a beta of 0.80. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $36.66. The stock's fifty day moving average is $29.81 and its two-hundred day moving average is $29.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to analysts' expectations of $30.42 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.Comcast's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 EPS. Analysts predict that Comcast Corporation will post 3.46 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Wednesday, April 1st. Comcast's dividend payout ratio is 24.58%.

Insider Buying and Selling

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the sale, the chief executive officer owned 622,336 shares in the company, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.32% of the company's stock.

About Comcast

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.