Comcast Corporation $CMCSA Stake Increased by Vest Financial LLC

Key Points

• Vest Financial LLC increased its Comcast stake by 10.7% in the third quarter, adding 51,559 shares to hold 534,884 shares valued at approximately $11.6 million.
• Comcast’s third-quarter adjusted EPS of $1.07 exceeded estimates, but revenue fell 6.1% year over year as broadband and video subscriber losses pressured its connectivity business.
• The company declared a quarterly dividend of $0.33 per share, while planning a potential $1 billion restructuring charge and layoffs as it prepares for the NBCUniversal separation.

Vest Financial LLC raised its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 10.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 534,884 shares of the cable giant's stock after purchasing an additional 51,559 shares during the quarter. Vest Financial LLC's holdings in Comcast were worth $11,639,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC lifted its holdings in shares of Comcast by 48.2% in the 1st quarter. Cedar Mountain Advisors LLC now owns 1,196 shares of the cable giant's stock worth $34,000 after purchasing an additional 389 shares in the last quarter. PFG Investments LLC raised its holdings in Comcast by 0.9% during the first quarter. PFG Investments LLC now owns 41,771 shares of the cable giant's stock worth $1,199,000 after buying an additional 391 shares during the last quarter. Simmons Bank raised its holdings in Comcast by 2.3% during the first quarter. Simmons Bank now owns 17,795 shares of the cable giant's stock worth $511,000 after buying an additional 400 shares during the last quarter. Whipplewood Advisors LLC lifted 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 valued at $27,000 after buying an additional 401 shares in the last quarter. Finally, Bollard Group LLC lifted its stake in shares of Comcast by 1.1% in the first quarter. Bollard Group LLC now owns 37,607 shares of the cable giant's stock valued at $1,080,000 after buying an additional 405 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Key Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast reported third-quarter adjusted EPS of $1.07, above the roughly $0.99 consensus estimate, while revenue of $29.3 billion was slightly ahead of expectations. Comcast earnings beat
• Positive Sentiment: Peacock reached profitability, wireless growth continued, and Universal’s film slate—including The Odyssey—helped offset weakness in the connectivity business and supported momentum ahead of the NBCUniversal spinoff. Comcast media results
• Positive Sentiment: The board declared a quarterly dividend of $0.33 per share, equivalent to $1.32 annually and an indicated yield of about 5.8%. The dividend is payable January 27, 2027, to shareholders of record January 6. Comcast dividend announcement
• Neutral Sentiment: Management said employees are energized about separating NBCUniversal from the broadband, pay-TV and wireless operations. The transaction could unlock value, but execution and the standalone performance of both businesses remain important uncertainties. NBCUniversal separation
• Negative Sentiment: Domestic broadband and video subscriber losses continued, reflecting aggressive low-priced fiber competition and putting pressure on Comcast’s core connectivity business. Adjusted EPS fell from $1.12 a year earlier, while revenue declined 6.1% year over year. Comcast broadband losses
• Negative Sentiment: Comcast expects to record a fourth-quarter restructuring charge of approximately $1 billion, including layoffs, as it overhauls its connectivity operations. The near-term cost and workforce reductions highlight the severity of the business pressure. Comcast restructuring charge

Comcast Trading Up 3.4%

NASDAQ:CMCSA opened at $22.84 on Friday. Comcast Corporation has a 52 week low of $20.48 and a 52 week high of $32.85. The firm has a 50-day moving average price of $23.87 and a two-hundred day moving average price of $24.65. The firm has a market cap of $81.05 billion, a price-to-earnings ratio of 5.83, a price-to-earnings-growth ratio of 1.58 and a beta of 0.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The cable giant reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.08. Comcast had a return on equity of 14.77% and a net margin of 8.97%. The business had revenue of $29.30 billion for the quarter, compared to analysts' expectations of $29.22 billion. During the same quarter in the previous year, the firm earned $1.12 earnings per share. The business's revenue was down 6.1% on a year-over-year basis. On average, equities analysts expect that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Wednesday, January 6th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 6th. This represents a $1.32 annualized dividend and a yield of 5.8%. Comcast's payout ratio is currently 42.72%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMCSA. Zacks Research cut shares of Comcast from a "hold" rating to a "strong sell" rating in a report on Friday, October 16th. BNP Paribas Exane dropped their price target on shares of Comcast from $25.00 to $22.00 and set an "underperform" rating on the stock in a research report on Tuesday, July 14th. Scotiabank cut their price target on Comcast from $29.00 to $27.50 and set a "sector perform" rating for the company in a research note on Friday, October 2nd. Sanford C. Bernstein reiterated a "market perform" rating and set a $23.00 price target on shares of Comcast in a research note on Tuesday, October 13th. Finally, Weiss Ratings lowered Comcast from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, July 28th. Eleven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of "Hold" and a consensus target price of $30.69.

Comcast 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.

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