HB Wealth Management LLC Reduces Holdings in Comcast Corporation $CMCSA

Key Points

• HB Wealth Management LLC trimmed its stake by 20.2% in Comcast in Q4, selling 58,893 shares and leaving 233,309 shares worth about $6.97 million.
• Comcast beat Q1 estimates with revenue of $31.46 billion (vs. $30.42B est.) and adjusted EPS of $0.79 (vs. $0.73 est.), sending the stock up roughly 7.7% amid ad-sales strength, narrower broadband losses and stronger wireless adds, and management expects Peacock to approach profitability and to convert many free wireless lines to paid in 2H 2026.
• Analyst sentiment is mixed with an average rating of "Hold" and a $34.85 consensus price target (10 Buy / 16 Hold / 2 Sell), while insider activity included CEO Michael Cavanagh selling 57,947 shares and institutions now owning about 84.32% of the stock.

HB Wealth Management LLC trimmed its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 233,309 shares of the cable giant's stock after selling 58,893 shares during the period. HB Wealth Management LLC's holdings in Comcast were worth $6,974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Lakeshore Capital Group Inc. lifted its position in shares of Comcast by 2.6% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant's stock worth $428,000 after purchasing an additional 343 shares during the period. Hengehold Capital Management LLC lifted its position in shares of Comcast by 0.5% in the 3rd quarter. Hengehold Capital Management LLC now owns 82,778 shares of the cable giant's stock worth $2,601,000 after purchasing an additional 372 shares during the period. Commonwealth Financial Services LLC lifted its position in shares of Comcast by 4.6% in the 3rd quarter. Commonwealth Financial Services LLC now owns 8,429 shares of the cable giant's stock worth $265,000 after purchasing an additional 372 shares during the period. FSA Advisors Inc. lifted its position in shares of Comcast by 5.5% in the 3rd quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant's stock worth $226,000 after purchasing an additional 376 shares during the period. Finally, First National Trust Co lifted its position in shares of Comcast by 0.8% in the 3rd quarter. First National Trust Co now owns 47,047 shares of the cable giant's stock worth $1,478,000 after purchasing an additional 387 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several research analyst reports. Sanford C. Bernstein dropped their target price on shares of Comcast from $34.00 to $32.00 and set a "market perform" rating for the company in a research report on Thursday, January 15th. Zacks Research raised shares of Comcast from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $29.00 target price on shares of Comcast in a research report on Thursday. Royal Bank Of Canada dropped their target price on shares of Comcast from $32.00 to $31.00 and set a "sector perform" rating for the company in a research report on Friday, January 16th. Finally, Wall Street Zen upgraded shares of Comcast to a "hold" rating in a research note on Saturday, March 14th. Ten equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $34.85.

Comcast Stock Up 7.7%

Shares of Comcast stock opened at $31.64 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company has a 50-day moving average of $29.81 and a 200 day moving average of $29.11. The firm has a market cap of $113.84 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 2.44 and a beta of 0.80. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $36.66.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. Comcast's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $1.09 EPS. As a group, sell-side analysts anticipate that Comcast Corporation will post 3.46 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Wednesday, April 1st. Comcast's dividend payout ratio (DPR) is presently 24.58%.

Insider Activity

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. This trade represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.32% of the stock is currently owned by insiders.

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.

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.

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