SeaCrest Wealth Management LLC Purchases 57,410 Shares of Comcast Corporation $CMCSA

SeaCrest Wealth Management LLC acquired a new stake in Comcast Corporation (NASDAQ:CMCSA) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 57,410 shares of the cable giant’s stock, valued at approximately $1,249,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Culbertson A N & Co. Inc. raised its stake in Comcast by 11.0% in the 3rd quarter. Culbertson A N & Co. Inc. now owns 20,504 shares of the cable giant’s stock worth $446,000 after purchasing an additional 2,037 shares in the last quarter. NBT Bank N.A. acquired a new position in shares of Comcast during the 3rd quarter worth approximately $517,000. SBI Securities Co. Ltd. grew its position in shares of Comcast by 15.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 5,978 shares of the cable giant’s stock worth $130,000 after purchasing an additional 779 shares in the last quarter. Vest Financial LLC grew its position in shares of Comcast by 10.7% during the 3rd quarter. Vest Financial LLC now owns 534,884 shares of the cable giant’s stock worth $11,639,000 after purchasing an additional 51,559 shares in the last quarter. Finally, PFS Partners LLC increased its holdings in shares of Comcast by 32.7% during the third quarter. PFS Partners LLC now owns 3,547 shares of the cable giant’s stock worth $77,000 after purchasing an additional 874 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast reported third-quarter adjusted EPS of $1.07, above the roughly $0.99 consensus estimate, while revenue of $29.3 billion was slightly ahead of expectations. Comcast earnings beat
• Positive Sentiment: Peacock reached profitability, wireless growth continued, and Universal’s film slate—including The Odyssey—helped offset weakness in the connectivity business and supported momentum ahead of the NBCUniversal spinoff. Comcast media results
• Positive Sentiment: The board declared a quarterly dividend of $0.33 per share, equivalent to $1.32 annually and an indicated yield of about 5.8%. The dividend is payable January 27, 2027, to shareholders of record January 6. Comcast dividend announcement
• Neutral Sentiment: Management said employees are energized about separating NBCUniversal from the broadband, pay-TV and wireless operations. The transaction could unlock value, but execution and the standalone performance of both businesses remain important uncertainties. NBCUniversal separation
• Negative Sentiment: Domestic broadband and video subscriber losses continued, reflecting aggressive low-priced fiber competition and putting pressure on Comcast’s core connectivity business. Adjusted EPS fell from $1.12 a year earlier, while revenue declined 6.1% year over year. Comcast broadband losses
• Negative Sentiment: Comcast expects to record a fourth-quarter restructuring charge of approximately $1 billion, including layoffs, as it overhauls its connectivity operations. The near-term cost and workforce reductions highlight the severity of the business pressure. Comcast restructuring charge

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Scotiabank dropped 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. Zacks Research cut Comcast from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Morgan Stanley reduced their price target on Comcast from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, September 25th. Barclays set a $24.00 price objective on Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, September 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $23.00 price objective on shares of Comcast in a report on Thursday. Eleven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus price target of $30.69.

Comcast Trading Up 3.4%

CMCSA opened at $22.84 on Friday. The company’s 50 day moving average is $23.87 and its 200-day moving average is $24.65. Comcast Corporation has a 1-year low of $20.48 and a 1-year high of $32.85. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The company has a market cap of $81.05 billion, a P/E ratio of 7.39, a PEG ratio of 1.58 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 22nd. The cable giant reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.08. The company had revenue of $29.30 billion for the quarter, compared to analyst estimates of $29.22 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The firm’s revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 EPS. Equities research analysts predict that Comcast Corporation will post 3.49 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Wednesday, January 6th will be given a $0.33 dividend. The ex-dividend date is Wednesday, January 6th. This represents a $1.32 dividend on an annualized basis and a yield of 5.8%. Comcast’s dividend payout ratio (DPR) is currently 42.72%.

Comcast Profile

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.