Comcast (NASDAQ:CMCSA) Stock Unloaded Rep. Jefferson Shreve

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 Stock Down 4.8%

Shares of CMCSA stock traded down $1.69 on Friday, hitting $33.68. The stock had a trading volume of 32,913,775 shares, compared to its average volume of 24,323,596. The firm has a market capitalization of $125.75 billion, a price-to-earnings ratio of 8.28, a P/E/G ratio of 1.74 and a beta of 0.95. The stock's 50 day moving average is $35.04 and its 200-day moving average is $35.27. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31.

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

Comcast Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after acquiring an additional 99,986 shares during the last quarter. Waterfront Wealth Inc. increased its stake in Comcast by 28.5% during the 4th quarter. Waterfront Wealth Inc. now owns 6,404 shares of the cable giant's stock worth $240,000 after purchasing an additional 1,421 shares in the last quarter. Compass Capital Corp MA ADV bought a new stake in Comcast during the 4th quarter worth approximately $232,000. Hudson Edge Investment Partners Inc. increased its stake in Comcast by 9.3% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 165,988 shares of the cable giant's stock worth $6,230,000 after purchasing an additional 14,157 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its position in Comcast by 27.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 15,551 shares of the cable giant's stock worth $584,000 after acquiring an additional 3,362 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on CMCSA. Citigroup reduced their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Bernstein Bank reduced their price target on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Evercore ISI reduced their price target on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. UBS Group set a $44.50 price objective on shares of Comcast in a research report on Friday, April 25th. Finally, Moffett Nathanson lifted their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.

About Comcast

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.