Comcast Corporation $CMCSA Shares Sold by DAVENPORT & Co LLC

25 Mar 2026, 08:45 by Tristan Rich · The Markets Daily

DAVENPORT & Co LLC reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) by 5.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,103,716 shares of the cable giant’s stock after selling 231,790 shares during the period. DAVENPORT & Co LLC’s holdings in Comcast were worth $114,912,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Capital A Wealth Management LLC lifted its stake in Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after acquiring an additional 436 shares in the last quarter. Imprint Wealth LLC acquired a new position in Comcast in the 3rd quarter valued at about $26,000. United Financial Planning Group LLC acquired a new position in Comcast in the 3rd quarter valued at about $28,000. Howard Hughes Medical Institute purchased a new stake in Comcast during the second quarter worth about $29,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Comcast during the second quarter worth about $31,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $30.00 price objective on shares of Comcast in a research note on Friday, January 30th. Citigroup reaffirmed a “buy” rating and set a $33.00 target price (up from $32.79) on shares of Comcast in a research note on Friday, January 30th. Zacks Research cut shares of Comcast from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Bank of America upgraded shares of Comcast from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $31.00 to $37.00 in a research note on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Comcast has a consensus rating of “Hold” and an average price target of $34.87.

Read Our Latest Analysis on CMCSA

Insider Activity at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the transaction, the chief executive officer owned 622,336 shares in the company, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.26% of the company’s stock.

Comcast Stock Up 0.7%

CMCSA stock opened at $29.22 on Wednesday. The company’s 50 day moving average price is $30.29 and its 200 day moving average price is $29.60. The firm has a market capitalization of $105.13 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 2.26 and a beta of 0.79. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $37.72. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

Comcast (NASDAQ:CMCSA – Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s payout ratio is 24.58%.

Comcast Profile

(Free Report)

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.