Rep. Jefferson Shreve Sells Comcast Corporation (NASDAQ:CMCSA) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of Comcast Corporation NASDAQ: CMCSA. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Comcast stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Comcast Trading Down 4.8%

NASDAQ:CMCSA traded down $1.69 during trading hours on Friday, reaching $33.68. 32,916,863 shares of the stock were exchanged, compared to its average volume of 16,759,902. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The business has a 50-day moving average of $35.01 and a two-hundred day moving average of $35.22. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a market capitalization of $125.75 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.63 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. On average, equities analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is 32.43%.

Hedge Funds Weigh In On Comcast

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Promus Capital LLC purchased a new position in shares of Comcast during the fourth quarter worth about $25,000. Inlight Wealth Management LLC purchased a new position in shares of Comcast during the first quarter worth about $26,000. Global Trust Asset Management LLC grew its holdings in shares of Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant's stock worth $27,000 after buying an additional 671 shares during the last quarter. Cranbrook Wealth Management LLC grew its holdings in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant's stock worth $27,000 after buying an additional 350 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new position in shares of Comcast during the first quarter worth about $29,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of several analyst reports. New Street Research reduced their price objective on Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Rothschild & Co Redburn reduced their price objective on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a research note on Thursday, April 10th. The Goldman Sachs Group reduced their price objective on Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Benchmark reiterated a "buy" rating on shares of Comcast in a research note on Friday, July 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Comcast has an average rating of "Hold" and an average target price of $41.13.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.