Bank of Nova Scotia Sells 442,896 Shares of Comcast Corporation $CMCSA

Bank of Nova Scotia lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 42.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 598,357 shares of the cable giant’s stock after selling 442,896 shares during the quarter. Bank of Nova Scotia’s holdings in Comcast were worth $17,179,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Comcast by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after buying an additional 2,160,829 shares during the last quarter. North Dakota State Investment Board acquired a new stake in shares of Comcast during the 4th quarter worth approximately $3,754,000. Vest Financial LLC lifted its stake in shares of Comcast by 72.1% in the 4th quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock valued at $6,961,000 after purchasing an additional 97,601 shares during the period. Axxcess Wealth Management LLC grew its position in shares of Comcast by 53.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 206,112 shares of the cable giant’s stock worth $6,161,000 after buying an additional 72,129 shares during the period. Finally, Invesco Ltd. increased its stake in Comcast by 10.0% in the fourth quarter. Invesco Ltd. now owns 43,332,228 shares of the cable giant’s stock valued at $1,295,200,000 after purchasing an additional 3,952,642 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Trading Up 1.7%

NASDAQ CMCSA opened at $22.30 on Friday. The stock has a 50 day moving average of $23.82 and a 200-day 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 market cap of $79.66 billion, a PE ratio of 7.22, a PEG ratio of 1.84 and a beta of 0.67. The company has a current ratio of 0.80, a quick ratio of 0.87 and a debt-to-equity ratio of 0.94.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results 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. The firm had revenue of $29.94 billion for the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 earnings per share. On average, equities research analysts anticipate that Comcast Corporation will post 3.47 EPS for the current fiscal year.

Comcast Announces Dividend

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

More Comcast News

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

Analyst Ratings Changes

CMCSA has been the topic of several research analyst reports. Seaport Research Partners upgraded shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Morgan Stanley set a $29.00 price objective on shares of Comcast in a research report on Friday. Sanford C. Bernstein restated a “market perform” rating and set a $28.00 price objective on shares of Comcast in a report on Monday, July 13th. Moffett Nathanson reduced their target price on shares of Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, June 16th. Finally, UBS Group reissued a “neutral” rating on shares of Comcast in a research note on Tuesday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.