Truist Financial Reduces $1M in Comcast Corporation ($CMCSA)
Truist Financial reduced its stake in Comcast by 54,361 shares, reflecting a 5.96% decrease.
Key Points
- Truist Financial reduced its stake in Comcast Corporation by 54,361 shares, bringing its total to 857,942 shares valued at approximately $21.17 million.
- Comcast's stock traded at $24.67 on Wednesday, with a market cap of roughly $87.7 billion and a P/E ratio of 4.81.
- Analyst ratings for Comcast include upgrades from Rosenblatt and Deutsche Bank, both now with 'buy' ratings and price targets of $31 and $32, respectively.
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Truist Financial has trimmed its stake in Comcast Corporation (NasdaqGS: CMCSA) by 54,361 shares, according to the latest Form 13F filing with the SEC. This reduction, reflecting a 5.96% decrease, leaves Truist with 857,942 shares valued at approximately $21.17 million. The filing details holdings as of the end of the reporting period and may not represent the current position.
Truist Financial vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Truist Financial's Comcast Position
Truist Financial reduced its holdings in Comcast by 54,361 shares, bringing its total to 857,942 shares. The shares are valued at about $21.17 million. This adjustment marks a 5.96% decrease from its previous position of 912,303 shares.
Other Institutional Activity in Comcast
BlackRock, Inc. reduced its holdings in Comcast by 21,955,369 shares, now holding 314,985,765 shares worth about $9.04 billion, reflecting a 6.5% decrease. Vanguard Capital Management LLC opened a new position in Comcast with 233,154,772 shares valued at approximately $6.69 billion. State Street Corp also trimmed its stake by 16,585,908 shares, bringing its total to 182,735,113 shares valued at $5.25 billion, marking an 8.3% decrease. Capital World Investors increased its holdings by 32,395,372 shares, totaling 182,141,779 shares valued at about $5.23 billion, a 21.6% increase. Charles Schwab Investment Management Inc significantly boosted its position by 80,034,371 shares, now holding 121,558,654 shares valued at $3.49 billion, a 192.7% increase.
Comcast Corporation Stock Down 8.8%
Shares of Comcast Corporation traded near $24.67 on Wednesday. The company has a market capitalization of approximately $87.7 billion and a P/E ratio of 4.81. Comcast's stock has seen a 52-week low of $22.13 and a high of $34.36. The 50-day moving average is $25.32, while the 200-day moving average is $27.65. The company's beta is 0.658, indicating lower volatility compared to the market.
$CMCSA stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Comcast reported revenue of $125.28 billion, with a revenue growth of 5.3%. The company's net margin stands at 15.0%, and it achieved a return on equity of 20.9%. Comcast's earnings per share (EPS) is $5.10. The next earnings report is expected on July 23, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 5.1%. Revenue met estimates.
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Profit surprise
EBITDA missed by 3 percent. Operating income missed by 4 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
2 target raises.
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Earnings quality
Gross margin down 6.4 points. Operating margin down 5.8 points. Positive free cash flow.
Earnings Call Summary
Comcast reported first quarter revenue of $31.5 billion, up 11 percent year over year, beating consensus by $120 million. The company delivered earnings per share of $0.79, beating consensus of $0.73 by $0.06. Broadband customer losses improved significantly to 65,000 from 182,000 a year ago, marking the first improvement since late 2020. Wireless achieved record net additions of 435,000 lines, with nearly half coming from free line offers. Leadership highlighted strategic momentum from their restructured go-to-market approach, leveraging the Legendary February sports events to drive brand awareness and customer acquisition across connectivity products.
Guidance Management did not provide specific forward guidance for full year or next quarter. They stated expectations for continued broadband ARPU pressure in the second quarter but relief as the year exits. Peacock is expected to approach profitability in the second quarter. Free wireless lines will begin monetizing in the second half of the year, which should benefit convergence revenue growth.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Comcast pays an annual dividend rate of $1.32, yielding 5.38%. The dividend payout ratio is 25.88%.
Insider Buying and Selling at Comcast Corporation
On May 19, 2026, Chairman and Co-CEO Brian Roberts sold 202,500 shares. On May 11, 2026, Edward Breen purchased 32,440 shares. Daniel Murdock, EVP & Chief Accounting Officer, sold 2,073 shares at $27.93 on April 3, 2026, and also bought 5,268 shares on the same day. Jeffrey Honickman acquired 1,524 shares on March 31, 2026.
Analysts Set New Price Targets
On June 30, 2026, Rosenblatt upgraded Comcast to a 'buy' rating with a $31 price target. Deutsche Bank also upgraded the stock to 'buy' with a $32 target on the same day. On June 12, 2026, Freedom Broker initiated coverage with a 'hold' rating and a $29 target. Citigroup maintained its 'buy' rating with a $35.5 target on April 24, 2026. The consensus recommendation for Comcast is 'hold', with a mean price target of $32.19 from 21 analyst opinions.
About Comcast Corporation
Comcast Corporation, headquartered in Philadelphia, PA, is a global media and technology company. It operates through several segments including Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks. The company offers broadband, wireless services, and entertainment networks. Comcast also owns NBCUniversal and operates Universal theme parks in multiple locations worldwide. Brian L. Roberts serves as the company's CEO, and it employs approximately 179,000 people.
Bottom Line
Truist Financial's recent reduction in its Comcast holdings is part of broader institutional activity in the company. Investors keep a close eye on these filings to gauge institutional sentiment. Remember, 13F filings are backward-looking and may not reflect current positions.
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