SeaCrest Wealth Management LLC Acquires 57,410 Shares of Comcast Corporation $CMCSA

Key Points

• SeaCrest Wealth Management acquired 57,410 Comcast shares in the third quarter, valued at approximately $1.25 million. Institutional investors collectively own 84.32% of the company.
• Comcast reported third-quarter adjusted EPS of $1.07, beating estimates, and revenue of $29.3 billion; however, revenue fell 6.1% year over year amid broadband and video subscriber losses.
• The company declared a quarterly dividend of $0.33 per share, representing a 5.8% indicated yield, while analysts maintain an overall “Hold” rating with an average price target of $30.69.

SeaCrest Wealth Management LLC bought a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 57,410 shares of the cable giant's stock, valued at approximately $1,249,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in Comcast by 10.2% during the first quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant's stock worth $1,173,232,000 after purchasing an additional 3,783,234 shares during the last quarter. Dimensional Fund Advisors LP grew its position 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 purchasing an additional 507,097 shares in the last quarter. First Trust Advisors LP increased its stake in Comcast by 4.9% in the 1st quarter. First Trust Advisors LP now owns 13,592,149 shares of the cable giant's stock valued at $390,231,000 after buying an additional 630,902 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Comcast by 824.4% in the 1st 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 buying an additional 10,359,800 shares during the last quarter. Finally, Swiss National Bank lifted its position in Comcast by 5.7% during the 1st quarter. Swiss National Bank now owns 10,666,200 shares of the cable giant's stock worth $306,227,000 after buying an additional 574,300 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Seaport Research Partners upgraded shares of Comcast from a "neutral" rating to a "buy" rating in a research note on Thursday, July 2nd. UBS Group reaffirmed a "neutral" rating and issued a $27.00 target price (down from $32.00) on shares of Comcast in a research report on Tuesday, September 15th. BNP Paribas Exane lowered their target price on Comcast from $25.00 to $22.00 and set an "underperform" rating on the stock in a research report on Tuesday, July 14th. Royal Bank Of Canada set a $26.00 target price on Comcast and gave the stock a "sector perform" rating in a report on Friday, July 24th. Finally, KeyCorp cut Comcast from a "sector weight" rating to an "underweight" rating and set a $18.00 price target for the company. in a research report on Thursday, September 24th. Eleven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $30.69.

Comcast News Summary

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 Stock Performance

CMCSA opened at $22.84 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. Comcast Corporation has a 12-month low of $20.48 and a 12-month high of $32.85. The business has a 50 day moving average of $23.87 and a 200-day moving average of $24.65. The stock has a market cap of $81.05 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 1.58 and a beta of 0.68.

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, topping analysts' consensus estimates 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 analyst estimates of $29.22 billion. During the same period in the previous year, the firm earned $1.12 EPS. The firm's revenue was down 6.1% compared to the same quarter last year. On average, equities research analysts expect that Comcast Corporation will post 3.49 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 27th. Stockholders of record on Wednesday, January 6th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Wednesday, January 6th. Comcast's dividend payout ratio (DPR) is currently 42.72%.

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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