Comcast Corporation $CMCSA Stock: Wedbush Securities Inc. Lowers Holdings

Wedbush Securities Inc. reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 66.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,544 shares of the cable giant’s stock after selling 48,184 shares during the quarter. Wedbush Securities Inc.’s holdings in Comcast were worth $534,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC increased its position in Comcast by 16.6% during the third quarter. Douglas Lane & Associates LLC now owns 2,549,714 shares of the cable giant’s stock worth $55,482,000 after buying an additional 363,552 shares during the last quarter. Saudi Central Bank raised its stake in Comcast by 87.2% in the second quarter. Saudi Central Bank now owns 251,190 shares of the cable giant’s stock valued at $6,167,000 after buying an additional 117,038 shares during the period. Nykredit A S acquired a new stake in shares of Comcast in the second quarter valued at approximately $137,515,000. Inceptionr LLC acquired a new stake in shares of Comcast in the first quarter valued at approximately $660,000. Finally, Bank of America Corp DE lifted its position in shares of Comcast by 10.2% in the first quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock valued at $1,173,232,000 after buying an additional 3,783,234 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Bank of America reiterated a “buy” rating and set a $35.00 target price (down from $37.00) on shares of Comcast in a research note on Wednesday, September 16th. Barclays set a $24.00 price target on Comcast and gave the company an “equal weight” rating in a research note on Tuesday, September 29th. Wells Fargo & Company set a $23.00 price target on Comcast and gave the company an “underweight” rating in a report on Friday, July 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $23.00 price objective on shares of Comcast in a research report on Thursday, October 22nd. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Comcast in a research report on Friday, October 2nd. Eleven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.37.

Comcast News Summary

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast expanded Xfinity and Comcast Business high-speed internet service to nearly 1,100 additional homes and businesses across DeKalb, Whitley and Huntington counties in Indiana. The expansion could support future customer and revenue growth. Xfinity and Comcast Business High-Speed Internet Now Available to Nearly 1,100 Homes and Businesses in Northeast Indiana
• Positive Sentiment: Third-quarter earnings-call highlights pointed to Peacock’s continuing profitability and wireless growth. Adjusted EBITDA rose approximately 1% on a pro forma basis, suggesting some businesses are offsetting weakness in the core broadband operation. Comcast Q3 2026 Earnings Call Highlights
• Neutral Sentiment: Reported short-interest data showed zero shares short and a zero-day days-to-cover ratio. While this does not indicate meaningful bearish positioning, the unusual figure may limit its usefulness as a trading signal.
• Neutral Sentiment: Comcast has attracted increased investor attention as a trending stock, but the coverage did not identify a new fundamental catalyst. Why Comcast Is a Trending Stock
• Negative Sentiment: Freedom Broker lowered its price target from $29 to $25 and reiterated a “hold” rating. Although the revised target implies potential upside, the reduction signals more cautious expectations. Oppenheimer also issued a hold rating.
• Negative Sentiment: Q3 results showed Peacock and wireless gains being offset by widening broadband losses. Connectivity and Platforms revenue declined 2.6%, while overall revenue was flat on a pro forma basis, reinforcing concerns about Comcast’s mature cable business. Comcast Q3 Results Show Peacock and Wireless Gains Amid Widening Broadband Losses

Comcast Price Performance

NASDAQ:CMCSA opened at $21.84 on Wednesday. The stock has a 50 day simple moving average of $23.64 and a 200 day simple moving average of $26.18. Comcast Corporation has a 1-year low of $20.48 and a 1-year high of $32.85.

Comcast (NASDAQ:CMCSA) last released 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 firm had revenue of $29.30 billion during the quarter, compared to the consensus estimate of $29.22 billion. During the same quarter last year, the firm earned $1.12 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, research analysts forecast that Comcast Corporation will post 3.54 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 27th. Stockholders of record on Wednesday, January 6th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.0%.

About Comcast

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.