Rep. Jefferson Shreve Sells Comcast Co. (NASDAQ:CMCSA) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of Comcast Co. (NASDAQ:CMCSA). In a filing disclosed on March 09th, the Representative disclosed that they had sold between $15,001 and $50,000 in Comcast stock on February 24th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Royal Gold (NASDAQ:RGLD) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of QUALCOMM (NASDAQ:QCOM) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 2/24/2025.
• Sold $15,001 – $50,000 in shares of Norfolk Southern (NYSE:NSC) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of CoStar Group (NASDAQ:CSGP) on 2/24/2025.
• Purchased $50,001 – $100,000 in shares of AbbVie (NYSE:ABBV) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of The Cigna Group (NYSE:CI) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 2/24/2025.

Comcast Price Performance

Shares of CMCSA traded down $0.16 during mid-day trading on Tuesday, reaching $35.95. The stock had a trading volume of 32,226,831 shares, compared to its average volume of 27,759,602. The business has a fifty day moving average of $36.10 and a 200 day moving average of $39.32. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $135.93 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.67%. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Hedge Funds Weigh In On Comcast

A number of hedge funds have recently added to or reduced their stakes in CMCSA. Aegis Wealth Management LLC bought a new stake in shares of Comcast in the 4th quarter valued at about $303,000. Smith Shellnut Wilson LLC ADV grew its position in shares of Comcast by 6.6% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 5,645 shares of the cable giant’s stock worth $212,000 after buying an additional 350 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $104,000. Total Wealth Planning & Management Inc. purchased a new stake in Comcast during the fourth quarter valued at approximately $803,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Comcast during the fourth quarter worth $139,227,000. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Macquarie dropped their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Citigroup cut their price target on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $48.00 to $44.50 in a research report on Monday, February 3rd. Finally, Morgan Stanley reduced their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average price target of $43.83.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.