Comcast (NASDAQ:CMCSA) Stock Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of Comcast Co. (NASDAQ:CMCSA). In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Comcast stock on March 31st. 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 Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

Comcast Stock Performance

Shares of Comcast stock traded up $0.25 during trading on Tuesday, hitting $34.40. 17,983,515 shares of the stock were exchanged, compared to its average volume of 21,710,718. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average price of $35.57 and a 200-day moving average price of $38.49. The stock has a market capitalization of $130.07 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. Comcast Co. has a 1-year low of $32.20 and a 1-year high of $45.31.

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

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.84%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CMCSA. Morse Asset Management Inc acquired a new position in shares of Comcast during the third quarter worth $451,000. Soltis Investment Advisors LLC increased its holdings in Comcast by 8.9% in the 3rd quarter. Soltis Investment Advisors LLC now owns 9,325 shares of the cable giant’s stock worth $390,000 after purchasing an additional 766 shares in the last quarter. Invst LLC raised its position in Comcast by 8.4% in the third quarter. Invst LLC now owns 39,839 shares of the cable giant’s stock valued at $1,664,000 after purchasing an additional 3,077 shares during the last quarter. McIlrath & Eck LLC boosted its stake in shares of Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after purchasing an additional 282 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in shares of Comcast by 6.4% during the third quarter. SkyView Investment Advisors LLC now owns 12,580 shares of the cable giant’s stock worth $525,000 after purchasing an additional 759 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on CMCSA. Macquarie dropped their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays cut their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company downgraded shares of Comcast from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $37.00 to $31.00 in a research report on Monday. Finally, Loop Capital decreased their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average price target of $42.50.

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.