Dodge & Cox Reduces $178M in Comcast Corporation ($CMCSA)
Dodge & Cox trimmed its holdings in Comcast by 7.4 million shares, reflecting a 6.16% reduction.
Key Points
- Dodge & Cox reduced its stake in Comcast by 7.4 million shares, bringing its total to 113.1 million shares.
- Comcast has a market cap of approximately $86.75 billion, with a P/E ratio of 4.76 and a forward P/E of 6.42.
- Comcast pays an annual dividend rate of $1.32, yielding 5.51%, with a payout ratio of 25.88%.
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Dodge & Cox, a well-known investment management firm, has trimmed its holdings in Comcast Corporation (NasdaqGS: CMCSA) by approximately 7.4 million shares. This move, reported in a recent filing with the SEC, represents a 6.16% decrease in its stake. As of the end of the reporting period, Dodge & Cox holds about 113.1 million shares valued at roughly $2.71 billion.
What Changed in Dodge & Cox's Comcast Position
Dodge & Cox's decision to reduce its position in Comcast saw the firm cut its shares from 120.5 million to 113.1 million. This adjustment reflects a reduction of 7.4 million shares, or a 6.16% decrease. The value of the remaining shares, according to the filing, stands at approximately $2.71 billion.
Comcast Corporation Stock Down 10.0%
Shares of Comcast (NasdaqGS: CMCSA) traded near $23.97 recently. The company boasts a market capitalization of about $86.75 billion. Comcast's stock has a P/E ratio of 4.76 and a forward P/E of 6.42, indicating relatively low valuation metrics. The stock's beta is 0.658, suggesting lower volatility compared to the broader market. Comcast's 52-week range spans from $23.13 to $34.36, with a 50-day moving average of $26.41 and a 200-day moving average of $28.12. The company maintains a current ratio of 0.865 and a quick ratio of 0.707, with a debt-to-equity ratio of 106.86.
$CMCSA stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Comcast reported revenues of approximately $125.28 billion, reflecting a growth rate of 5.3%. The company achieved a net margin of 15% and a return on equity of 20.92%. Comcast's earnings per share (EPS) was noted at $5.10. The next earnings report is anticipated 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 provides a dividend rate of $1.32 per share, yielding 5.51% annually. The company's dividend payout ratio stands at 25.88%, indicating a sustainable dividend policy. The ex-dividend date was not specified in the available data.
About Comcast
Comcast Corporation, headquartered in Philadelphia, Pennsylvania, is a global media and technology company. It operates through various segments, including Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks. The company offers broadband, wireless, and video services, operates NBCUniversal and Sky networks, and runs Universal theme parks worldwide. Comcast, led by CEO Brian L. Roberts, employs about 179,000 people.
Bottom Line
Dodge & Cox's decision to trim its stake in Comcast highlights the dynamic nature of institutional investment strategies. Investors often track such filings to gauge institutional sentiment, though these reports reflect positions as of the reporting period and may not indicate current holdings. As Comcast continues to navigate its diverse operations, its financial metrics and dividend yield remain points of interest for investors.
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