37,148 Comcast Corporation $CMCSA Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.5% during the third quarter, Holdings Channel.com reports. The firm owned 1,444,020 shares of the cable giant’s stock after selling 37,148 shares during the period. Crossmark Global Holdings Inc.’s holdings in Comcast were worth $31,422,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Douglas Lane & Associates LLC increased its position in Comcast by 16.6% in the third quarter. Douglas Lane & Associates LLC now owns 2,549,714 shares of the cable giant’s stock worth $55,482,000 after purchasing an additional 363,552 shares during the period. Saudi Central Bank raised its holdings in Comcast by 87.2% during the 2nd quarter. Saudi Central Bank now owns 251,190 shares of the cable giant’s stock worth $6,167,000 after purchasing an additional 117,038 shares during the last quarter. Nykredit A S bought a new stake in Comcast during the 2nd quarter worth about $137,515,000. Inceptionr LLC acquired a new position in Comcast during the 1st quarter valued at about $660,000. Finally, Bank of America Corp DE lifted its position in Comcast by 10.2% during the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock valued at $1,173,232,000 after purchasing an additional 3,783,234 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on CMCSA shares. Wells Fargo & Company set a $23.00 target price on shares of Comcast and gave the company an “underweight” rating in a research note on Friday, July 24th. Scotiabank lowered their price target on shares of Comcast from $29.00 to $27.50 and set a “sector perform” rating for the company in a research report on Friday, October 2nd. Raymond James Financial reissued a “market perform” rating on shares of Comcast in a research note on Friday, October 2nd. Morgan Stanley cut their price objective on shares of Comcast from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, September 25th. Finally, Bank of America restated a “buy” rating and issued a $35.00 price objective (down from $37.00) on shares of Comcast in a report on Wednesday, September 16th. Eleven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.81.

Comcast Price Performance

Shares of CMCSA opened at $22.08 on Thursday. 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 stock has a 50 day simple moving average of $23.94 and a 200 day simple moving average of $24.68. Comcast Corporation has a 52-week low of $20.48 and a 52-week high of $32.85. The firm has a market capitalization of $78.35 billion, a PE ratio of 7.15, a P/E/G ratio of 1.60 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $29.94 billion during the quarter, compared to analysts’ expectations of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%. Comcast’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 EPS. Sell-side analysts predict that Comcast Corporation will post 3.49 EPS for the current fiscal year.

Key Headlines Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast trades at roughly six times earnings and offers a dividend yield near 6%, which could appeal to income-oriented and value investors. A potential spinoff may also unlock value if the separated businesses improve their strategic positioning. Comcast Trades at 6 Times Earnings and Yields 6%
• Positive Sentiment: Recent institutional activity was mixed but included sizeable purchases by Invesco, Arrowstreet Capital, JPMorgan and Capital Research, suggesting some large investors view CMCSA’s depressed valuation as attractive.
• Neutral Sentiment: Investors are awaiting third-quarter results, with broadband subscriber trends, revenue, margins and management’s outlook expected to be the main catalysts. Comcast is scheduled to report on October 22. Comcast Q3 2026 Earnings Preview
• Negative Sentiment: Comcast is reportedly planning significant job cuts as part of a restructuring of its cable-TV, broadband and wireless operations. While the reductions could lower costs, they also signal pressure on the company’s core businesses. Comcast Planning Significant Job Cuts
• Negative Sentiment: Management previously indicated that third-quarter broadband subscriber losses were unlikely to improve year over year, amid aggressive, low-priced fiber competition. Investor concerns about another weak broadband quarter have weighed on the stock. Comcast Falls as Investors Brace for Another Tough Broadband Quarter
• Negative Sentiment: Options activity also reflected bearish positioning, with put purchases more than doubling the average daily volume on October 20.

About Comcast

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.