Cannell & Spears LLC Has $19.18 Million Position in Comcast Corporation $CMCSA

Cannell & Spears LLC cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 12.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 665,460 shares of the cable giant’s stock after selling 98,845 shares during the period. Cannell & Spears LLC’s holdings in Comcast were worth $19,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Imprint Wealth LLC bought a new stake in Comcast in the third quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast during the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC grew its position in shares of Comcast by 75.5% during the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after buying an additional 401 shares during the period. Main Street Group LTD bought a new stake in shares of Comcast in the 1st quarter valued at $27,000. Finally, Olistico Wealth LLC bought a new stake in shares of Comcast in the 4th quarter valued at $29,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Seaport Research Partners raised shares of Comcast from a “neutral” rating to a “buy” rating in a research note on Thursday, July 2nd. Morgan Stanley set a $29.00 price target on shares of Comcast in a research note on Friday. UBS Group reiterated a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. New Street Research reduced their target price on Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $31.00 target price on shares of Comcast in a research report on Friday. Eleven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $32.96.

Comcast Stock Performance

NASDAQ CMCSA opened at $22.30 on Friday. The company has a fifty day simple moving average of $23.82 and a 200 day simple moving average of $27.26. Comcast Corporation has a 12-month low of $21.28 and a 12-month high of $34.45. The company has a current ratio of 0.80, a quick ratio of 0.87 and a debt-to-equity ratio of 0.94. The company has a market cap of $79.66 billion, a P/E ratio of 7.22, a PEG ratio of 1.81 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share 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 the consensus estimate of $29.24 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. Sell-side analysts predict that Comcast Corporation will post 3.48 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 annualized dividend and a dividend yield of 5.9%. Comcast’s payout ratio is presently 25.98%.

Comcast News Summary

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast beat second-quarter estimates, with adjusted EPS of $1.04 and revenue of $29.94 billion, both above Wall Street expectations. The beat was supported by record wireless additions, stronger studio performance, and improving broadband trends. Comcast Reports 2nd Quarter 2026 Results
• Positive Sentiment: Peacock turned profitable for the first time, adding 2 million paid subscribers to reach 48 million, which is boosting sentiment around Comcast’s media and streaming turnaround. Comcast’s Peacock records first ever profit on World Cup, ‘Love Island USA’ boost
• Positive Sentiment: Management said broadband repositioning, wireless growth, and the planned NBCUniversal/Sky separation are progressing, while Rosenblatt reiterated a Buy rating and a $31 price target, implying meaningful upside from recent levels. CMCSA Q2 Earnings Call Highlights Broadband Pivot and Wireless Growth
• Neutral Sentiment: Comcast declared a quarterly dividend of $0.33 per share, reinforcing its income profile, but this is unlikely to be the main driver of the stock’s move today.
• Neutral Sentiment: Recent short-interest data was effectively flat at zero, so there is no clear short-squeeze or bearish positioning signal helping explain the move.
• Negative Sentiment: Offsetting the positives, domestic broadband customer losses continued and second-quarter profit was lower year over year, which keeps pressure on Comcast’s core connectivity business. Comcast Reports Lower Profit, Narrows Domestic Broadband Subscriber Losses
• Negative Sentiment: Some investors were also disappointed that Comcast paused share repurchases while it prepares for the planned business separation, reducing a prior source of stock support. Comcast slips as broadband losses and buyback pause overshadow Q2 beat

Comcast 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.