Junto Capital Management LP Makes New Investment in Comcast Corporation $CMCSA

Key Points

• Junto Capital Management initiated a Comcast position by purchasing 1.67 million shares valued at approximately $41 million. Institutional investors collectively own 84.32% of CMCSA.
• Comcast exceeded quarterly earnings and revenue expectations, reporting $1.04 in EPS and $29.94 billion in revenue, though revenue declined 1.2% year over year. Analysts maintain a consensus “Hold” rating with a $32.96 price target.
• The company’s $0.33 quarterly dividend implies an annualized payout of $1.32 and a 5.4% yield, but ongoing broadband subscriber losses, intense fiber competition and weakness at Epic Universe remain key concerns.

Junto Capital Management LP bought a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,668,929 shares of the cable giant's stock, valued at approximately $40,972,000.

A number of other large investors have also modified their holdings of the stock. California State Teachers Retirement System boosted its holdings in Comcast by 2,287.5% in the 2nd quarter. California State Teachers Retirement System now owns 139,632,225 shares of the cable giant's stock worth $3,427,971,000 after acquiring an additional 133,783,856 shares during the period. Norges Bank acquired a new position in shares of Comcast during the fourth quarter worth $2,498,626,000. Capital World Investors lifted its position in shares of Comcast by 20.8% during the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant's stock worth $4,194,929,000 after purchasing an additional 24,166,881 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Comcast by 65.1% in the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant's stock valued at $1,663,825,000 after purchasing an additional 21,958,603 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of 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 purchasing an additional 10,359,800 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several analyst reports. Seaport Research Partners raised shares of Comcast from a "neutral" rating to a "buy" rating in a research note on Thursday, July 2nd. Sanford C. Bernstein reissued a "market perform" rating and issued a $28.00 price objective on shares of Comcast in a research report on Monday, July 13th. The Goldman Sachs Group lowered their target price on Comcast from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, July 2nd. UBS Group reaffirmed a "neutral" rating on shares of Comcast in a research report on Tuesday, June 23rd. Finally, New Street Research cut their price target on Comcast from $31.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, June 25th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $32.96.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $24.59 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $87.26 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 1.87 and a beta of 0.68. Comcast Corporation has a twelve month low of $21.28 and a twelve month high of $33.74. The business has a 50 day simple moving average of $24.95 and a 200-day simple moving average of $26.33.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.07. The firm had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The firm's revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 earnings per share. As a group, equities research analysts expect that Comcast Corporation will post 3.52 earnings per share for the current year.

Comcast Announces Dividend

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

More Comcast News

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

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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