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

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 during trading hours on Friday, hitting $36.62. 23,323,616 shares of the company’s stock were exchanged, compared to its average volume of 21,396,726. The firm has a market cap of $138.46 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. 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 stock has a 50-day simple moving average of $35.89 and a 200 day simple moving average of $38.99.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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 net margin of 13.09% and a return on equity of 19.98%. On average, equities analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CMCSA shares. Barclays lowered their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Loop Capital dropped their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. UBS Group lowered their target price on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday. Benchmark cut their price target on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $48.00 to $44.50 in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

Hedge Funds Weigh In On Comcast

Several institutional investors and hedge funds have recently bought and sold shares of CMCSA. Milestone Asset Management Group LLC purchased a new stake in Comcast during the fourth quarter valued at about $372,000. Chancellor Financial Group WB LP purchased a new stake in shares of Comcast during the 4th quarter valued at approximately $343,000. 111 Capital purchased a new position in Comcast in the 4th quarter valued at approximately $2,886,000. Wealth Enhancement Advisory Services LLC raised its holdings in Comcast by 12.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 740,084 shares of the cable giant’s stock valued at $27,775,000 after acquiring an additional 81,082 shares during the period. Finally, NorthCrest Asset Manangement LLC lifted its position in shares of Comcast by 2.3% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 382,234 shares of the cable giant’s stock worth $14,345,000 after acquiring an additional 8,661 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

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.

Comcast Company Profile

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.