Rep. Kevin Hern Unloads Comcast Corporation (NASDAQ:CMCSA) Shares

Key Points

• Rep. Kevin Hern sold Comcast shares valued between $1,001 and $15,000 on August 5 through the HERN FAMILY FOUNDATION account. He also sold similarly valued positions in six other companies, including Diageo, Estée Lauder and Mondelez.
• Comcast shares were trading at $25.65, up 1.8%, while the company’s latest quarterly results exceeded expectations with adjusted earnings of $1.04 per share and revenue of $29.94 billion, although revenue declined 1.2% year over year.
• Comcast declared a quarterly dividend of $0.33, equivalent to an annualized yield of approximately 5.1%. Analysts’ consensus rating is “Hold,” with an average price target of $32.96.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Comcast Corporation NASDAQ: CMCSA. In a filing disclosed on August 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Comcast stock on August 5th. The trade occurred in the Representative's "HERN FAMILY FOUNDATION" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Diageo NYSE: DEO on 8/5/2026.
• Sold $1,001 - $15,000 in shares of Estee Lauder Companies NYSE: EL on 8/5/2026.
• Sold $1,001 - $15,000 in shares of Organon & Co. NYSE: OGN on 8/5/2026.
• Sold $1,001 - $15,000 in shares of Mondelez International NASDAQ: MDLZ on 8/5/2026.
• Sold $1,001 - $15,000 in shares of Versant NASDAQ: VSNT on 8/5/2026.
• Sold $1,001 - $15,000 in shares of Kenvue NYSE: KVUE on 8/5/2026.

Comcast Trading Up 1.8%

NASDAQ:CMCSA opened at $25.65 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $91.02 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. Comcast Corporation has a 52 week low of $21.28 and a 52 week high of $34.45. The firm has a 50-day moving average price of $23.70 and a two-hundred day moving average price of $26.95.

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

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast's dividend payout ratio is presently 42.72%.

Hedge Funds Weigh In On Comcast

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMCSA. Allied Private Wealth LLC purchased a new stake in shares of Comcast during the 2nd quarter valued at approximately $26,000. Imprint Wealth LLC purchased a new position in Comcast in the 3rd quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Comcast during the 4th quarter valued at $27,000. Whipplewood Advisors LLC lifted its position in shares of Comcast by 75.5% during the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant's stock worth $27,000 after acquiring an additional 401 shares in the last quarter. Finally, Main Street Group LTD bought a new position in shares of Comcast in the first quarter worth $27,000. Institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised Comcast from a "hold" rating to a "buy" rating and decreased their price target for the company from $34.00 to $32.00 in a research report on Tuesday, June 30th. Sanford C. Bernstein restated a "market perform" rating and issued a $28.00 price objective on shares of Comcast in a research note on Monday, July 13th. Scotiabank set a $29.00 target price on Comcast in a research report on Friday, July 24th. Rosenblatt Securities reissued a "buy" rating and issued a $31.00 price target on shares of Comcast in a report on Friday, July 24th. Finally, Citigroup dropped their price objective on Comcast from $35.50 to $32.00 and set a "buy" rating on the stock in a research note on Monday, June 29th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Comcast currently has an average rating of "Hold" and a consensus price target of $32.96.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

Comcast Company Profile

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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