Rep. Robert Bresnahan, Jr. Sells Off Shares of Comcast Co. (NASDAQ:CMCSA)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Comcast Co. (NASDAQ:CMCSA). In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in Comcast stock on February 25th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 3/7/2025.
• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/6/2025.
• Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/5/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Twilio (NYSE:TWLO) on 3/4/2025.
• Sold $15,001 – $50,000 in shares of Alibaba Group (NYSE:BABA) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Zoom Video Communications (NASDAQ:ZM) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 3/3/2025.
• Purchased $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 3/3/2025.

Comcast Trading Down 2.0 %

NASDAQ:CMCSA traded down $0.75 on Friday, reaching $36.62. 23,323,616 shares of the company’s stock were exchanged, compared to its average volume of 21,396,726. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The business has a fifty day moving average of $35.89 and a 200-day moving average of $38.99. The firm has a market capitalization of $138.46 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 31.81%.

Institutional Trading of Comcast

Hedge funds and other institutional investors have recently made changes to their positions in the company. Promus Capital LLC purchased a new stake in Comcast in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its stake in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new position in Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast in the fourth quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the third quarter valued at $30,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CMCSA shares. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Loop Capital lowered their price target on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Wells Fargo & Company reduced their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research note on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.64.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.