Rep. Robert Bresnahan, Jr. Purchases Shares of Comcast Co. (NASDAQ:CMCSA)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Comcast Co. NASDAQ: CMCSA. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Comcast stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.

Comcast Trading Up 1.1%

Shares of CMCSA stock traded up $0.39 during trading hours on Thursday, hitting $34.95. 1,978,177 shares of the company were exchanged, compared to its average volume of 21,836,886. The company has a 50 day simple moving average of $34.90 and a two-hundred day simple moving average of $37.42. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The firm has a market cap of $130.50 billion, a P/E ratio of 8.42, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share. Equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Institutional Investors Weigh In On Comcast

Several hedge funds have recently modified their holdings of CMCSA. Promus Capital LLC acquired a new stake in shares of Comcast during the 4th quarter worth about $25,000. Winch Advisory Services LLC grew its stake in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after buying an additional 502 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in shares of Comcast during the first quarter worth $26,000. Roxbury Financial LLC purchased a new position in Comcast in the 4th quarter valued at about $27,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the 4th quarter valued at approximately $28,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMCSA has been the topic of several research reports. StockNews.com upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Bank of America downgraded Comcast from a "buy" rating to a "neutral" rating and lowered their price target for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Benchmark cut their price objective on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a report on Friday, January 31st. Scotiabank restated a "sector perform" rating and issued a $44.50 target price (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Finally, Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.