Headlands Technologies LLC Buys New Holdings in Comcast Corporation $CMCSA

Headlands Technologies LLC purchased a new position in Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 115,273 shares of the cable giant’s stock, valued at approximately $2,830,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Brighton Jones LLC grew its holdings in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Voya Financial Advisors Inc. raised its holdings in Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after buying an additional 2,593 shares during the last quarter. United Bank boosted its position in Comcast by 11.3% during the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after buying an additional 4,290 shares during the period. HUB Investment Partners LLC grew its holdings in Comcast by 119.4% in the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock worth $606,000 after acquiring an additional 9,236 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in Comcast by 66.8% in the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after acquiring an additional 15,865 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Trending Headlines about Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast’s planned separation of NBCUniversal and Sky could help unlock value by reducing the conglomerate discount and allowing investors to value its connectivity and media businesses separately. Peacock’s first reported profit strengthens the case that the media assets may be more attractive as a standalone company. Did Comcast’s NBCU Spin-off and Peacock Profit Just Shift Comcast’s Investment Narrative? Comcast At Book Value: Separation Could End Conglomerate Discount
• Positive Sentiment: Value-focused investor Greenlight Capital added Comcast during a pullback, providing a favorable signal for investors who view the stock as undervalued after years of underperformance. Greenlight Capital Added Comcast Amid Pullback
• Positive Sentiment: Analysts point to Xfinity Mobile growth, Comcast’s low-cost Verizon roaming arrangement, selective network investment, and resilient NBCUniversal content and theme parks as potential new profit drivers as broadband competition intensifies. After A Decade Of Underperformance, Comcast Is Finally Ready To Rebound
• Positive Sentiment: A partnership with Tracer will create a unified operational layer for Universal Ads, supporting centralized campaign management, real-time measurement, and future AI-driven self-service advertising products. Comcast Builds Unified TV Ad Platform To Expand AI Driven Advertising
• Neutral Sentiment: Comcast received a consensus analyst rating of “Hold,” indicating that Wall Street remains cautious despite the company’s low valuation and restructuring potential. Comcast Given Consensus Rating of Hold by Analysts
• Neutral Sentiment: Executives are scheduled to present at Goldman Sachs and BofA Securities investor conferences in September, creating possible near-term catalysts for updates on the spin-off, broadband trends, and advertising strategy. Goldman Sachs Investor Conference BofA Securities Investor Conference
• Negative Sentiment: Broadband demand remains a concern as Comcast’s historical market position erodes, while recent public-relations issues and skepticism about the turnaround could limit the stock’s rebound.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMCSA. Freedom Capital raised shares of Comcast to a “hold” rating in a research note on Friday, June 12th. Sanford C. Bernstein reissued a “market perform” rating and issued a $28.00 target price on shares of Comcast in a research note on Monday, July 13th. Citigroup reduced their price target on Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Scotiabank set a $29.00 price objective on Comcast in a report on Friday, July 24th. Finally, Seaport Research Partners upgraded Comcast from a “neutral” rating to a “buy” rating in a research report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.96.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $27.06 on Monday. Comcast Corporation has a 1 year low of $21.28 and a 1 year high of $34.45. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a 50-day moving average of $24.47 and a 200 day moving average of $26.64. The stock has a market cap of $96.03 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter in the prior year, the company earned $1.25 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that Comcast Corporation will post 3.52 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders 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 dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s payout ratio is currently 42.72%.

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.