Comcast Corporation $CMCSA Stock: Blume Capital Management Inc. Raises Stake

Key Points

• Blume Capital Management increased its Comcast stake by 30.4% in the third quarter, bringing its holdings to 524,840 shares valued at approximately $11.4 million. Institutional investors collectively own 84.32% of the company.
• Comcast’s latest quarter beat expectations with adjusted earnings of $1.07 per share and revenue of $29.30 billion, though revenue fell 6.1% year over year. Peacock profitability and wireless growth helped offset continued broadband and connectivity weakness.
• The stock offered a 6.0% indicated dividend yield based on a $0.33 quarterly payout, but analyst sentiment remained cautious: Comcast carried a consensus “Hold” rating and an average price target of $30.37, while several firms recently lowered their targets.

Blume Capital Management Inc. raised its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 30.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 524,840 shares of the cable giant's stock after buying an additional 122,435 shares during the quarter. Comcast accounts for 1.7% of Blume Capital Management Inc.'s investment portfolio, making the stock its 22nd largest holding. Blume Capital Management Inc.'s holdings in Comcast were worth $11,421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE raised its stake in Comcast by 10.2% during 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 buying an additional 3,783,234 shares during the period. Dimensional Fund Advisors LP grew its stake in Comcast by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 29,461,308 shares of the cable giant's stock valued at $845,919,000 after acquiring an additional 507,097 shares during the period. First Trust Advisors LP grew its stake in Comcast by 4.9% in the first quarter. First Trust Advisors LP now owns 13,592,149 shares of the cable giant's stock valued at $390,231,000 after acquiring an additional 630,902 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Comcast by 824.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant's stock valued at $333,509,000 after acquiring an additional 10,359,800 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Comcast by 5.7% during the first quarter. Swiss National Bank now owns 10,666,200 shares of the cable giant's stock valued at $306,227,000 after acquiring an additional 574,300 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA opened at $22.05 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day moving average price of $23.80 and a two-hundred day moving average price of $26.24. The firm has a market capitalization of $78.25 billion, a P/E ratio of 6.98, a P/E/G ratio of 1.61 and a beta of 0.68. Comcast Corporation has a 52 week low of $20.48 and a 52 week high of $32.85.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, October 22nd. The cable giant reported $1.07 earnings per share for the quarter, beating 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 company had revenue of $29.30 billion for the quarter, compared to analyst estimates of $29.22 billion. During the same quarter last year, the company earned $1.12 earnings per share. The company's revenue for the quarter was down 6.1% on a year-over-year basis. Equities analysts forecast that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Wednesday, January 6th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 6th. This represents a $1.32 annualized dividend and a yield of 6.0%. Comcast's dividend payout ratio is 41.77%.

Trending Headlines about Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Third-quarter updates highlighted Peacock’s continued profitability and wireless customer growth. These gains, along with approximately 1% pro forma adjusted EBITDA growth, helped offset some weakness in the company’s connectivity businesses. Comcast Q3 2026 Earnings Call Highlights
• Positive Sentiment: Comcast’s latest reported quarter included adjusted earnings of $1.07 per share, ahead of the $0.99 consensus estimate, while revenue of $29.30 billion was slightly above expectations. The earnings beat provides some support for the stock’s valuation, although year-over-year revenue declined.
• Neutral Sentiment: Reported short interest was zero shares as of October 26, implying no measurable days-to-cover exposure. This suggests limited evidence of a significant short-selling buildup, but the unusual figure may warrant verification.
• Neutral Sentiment: Oppenheimer maintained a “hold” stance, while Comcast’s recent visibility among Zacks users reflects increased investor attention rather than a clear change in fundamentals. Oppenheimer Hold Rating
• Negative Sentiment: Broadband pressure remains the main concern: connectivity and platforms revenue fell 2.6%, and Comcast is experiencing widening broadband losses. Analysts are focused on whether Peacock and wireless growth can sustainably offset deterioration in the core cable business. Comcast Q3 Results
• Negative Sentiment: Freedom Broker cut its price target from $29 to $25 and assigned a “hold” rating. Although the revised target implies potential upside from the referenced price, the reduction signals less confidence in Comcast’s near-term recovery. TD Cowen has also issued a pessimistic forecast. Freedom Broker Comcast Rating

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Scotiabank lowered their target price on Comcast from $29.00 to $27.50 and set a "sector perform" rating on the stock in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft raised shares of Comcast from a "hold" rating to a "buy" rating and reduced their price target for the company from $34.00 to $32.00 in a research report on Tuesday, June 30th. Royal Bank Of Canada set a $26.00 price target on shares of Comcast and gave the company a "sector perform" rating in a research note on Friday, July 24th. Morgan Stanley lowered their price objective on shares of Comcast from $29.00 to $27.00 and set an "equal weight" rating on the stock in a report on Friday, September 25th. Finally, Weiss Ratings downgraded shares of Comcast from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday. Eleven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $30.37.

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.

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