CI Investments Inc. Sells 42,980 Shares of Comcast Corporation $CMCSA

CI Investments Inc. lessened its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 70.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,149 shares of the cable giant’s stock after selling 42,980 shares during the quarter. CI Investments Inc.’s holdings in Comcast were worth $521,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after purchasing an additional 2,160,829 shares during the period. North Dakota State Investment Board bought a new position in Comcast in the fourth quarter worth approximately $3,754,000. Vest Financial LLC boosted its stake in shares of Comcast by 72.1% during the 4th quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock worth $6,961,000 after acquiring an additional 97,601 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake 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 acquiring an additional 72,129 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Comcast by 10.0% during the 4th quarter. Invesco Ltd. now owns 43,332,228 shares of the cable giant’s stock valued at $1,295,200,000 after acquiring an additional 3,952,642 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of several analyst reports. Wells Fargo & Company set a $23.00 price objective on Comcast and gave the stock an “underweight” rating in a research note on Friday. Citigroup lowered their target price on Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Rosenblatt Securities reissued a “buy” rating and set a $31.00 price target on shares of Comcast in a report on Friday. Freedom Capital upgraded Comcast to a “hold” rating in a research report on Friday, June 12th. Finally, Seaport Research Partners raised Comcast from a “neutral” rating to a “buy” rating in a research note on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus price target of $32.96.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $22.30 on Friday. The stock has a market cap of $79.66 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 1.84 and a beta of 0.67. Comcast Corporation has a 1 year low of $21.28 and a 1 year high of $34.45. The firm has a fifty day moving average price of $23.82 and a 200-day moving average price of $27.26. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.87.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. Comcast’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 EPS. Equities analysts anticipate that Comcast Corporation will post 3.47 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders 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 yield of 5.9%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

Key Headlines Impacting Comcast

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

About Comcast

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.