Rep. Jefferson Shreve Buys Comcast Co. (NASDAQ:CMCSA) Shares

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 Trading Up 0.7 %

NASDAQ CMCSA traded up $0.25 on Tuesday, reaching $34.40. The company had a trading volume of 17,983,515 shares, compared to its average volume of 21,710,718. Comcast Co. has a 52 week low of $32.20 and a 52 week high of $45.31. The stock’s 50 day moving average is $35.56 and its 200-day moving average is $38.46. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market cap of $130.07 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.78 and a beta of 0.94.

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, beating 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%. Equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.84%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

Institutional Investors Weigh In On Comcast

Hedge funds have recently added to or reduced their stakes in the business. Davis Investment Partners LLC boosted its holdings in shares of Comcast by 29.4% during the first quarter. Davis Investment Partners LLC now owns 37,692 shares of the cable giant’s stock worth $1,287,000 after acquiring an additional 8,569 shares during the period. Net Worth Advisory Group grew its holdings in Comcast by 29.1% in the 1st quarter. Net Worth Advisory Group now owns 17,917 shares of the cable giant’s stock valued at $661,000 after buying an additional 4,038 shares in the last quarter. apricus wealth LLC bought a new position in Comcast during the 1st quarter worth $1,825,000. Simon Quick Advisors LLC lifted its holdings in shares of Comcast by 41.7% during the first quarter. Simon Quick Advisors LLC now owns 29,182 shares of the cable giant’s stock worth $1,077,000 after buying an additional 8,582 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Comcast by 18.4% during the first quarter. Capital Advisors Ltd. LLC now owns 5,553 shares of the cable giant’s stock worth $205,000 after buying an additional 863 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several research analyst reports. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a report on Friday, January 31st. Morgan Stanley reduced their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, KeyCorp cut their price objective on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus 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.

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.