North Star Asset Management Inc. Takes $701,000 Position in Comcast Corporation $CMCSA

North Star Asset Management Inc. purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,555 shares of the cable giant’s stock, valued at approximately $701,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Imprint Wealth LLC bought a new stake in shares of Comcast during the 3rd quarter valued at $26,000. Allied Private Wealth LLC bought a new position in shares of Comcast in the second quarter worth $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Comcast in the fourth quarter worth $27,000. Whipplewood Advisors LLC raised its stake in Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 401 shares in the last quarter. Finally, Main Street Group LTD acquired a new position in Comcast in the first quarter valued at about $27,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Key Comcast News

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.

Comcast Trading Up 2.5%

CMCSA opened at $27.06 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. Comcast Corporation has a fifty-two week low of $21.28 and a fifty-two week high of $34.45. The company’s 50 day moving average price is $24.47 and its two-hundred day moving average price is $26.68. The firm has a market capitalization of $96.03 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 1.50 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 earnings per share. As a group, research analysts predict that Comcast Corporation will post 3.52 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders 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 is Wednesday, October 7th. Comcast’s payout ratio is 42.72%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $34.00 to $32.00 in a research note on Tuesday, June 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $28.00 price target on shares of Comcast in a report on Monday, July 13th. BNP Paribas Exane reduced their price target on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating on the stock in a research report on Tuesday, July 14th. New Street Research decreased their price objective on shares of Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Finally, Seaport Research Partners upgraded Comcast from a “neutral” rating to a “buy” rating in a research report on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus price target of $32.96.

Comcast Company 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.