Eagle Capital Management Reduces $124M in Comcast Corporation ($CMCSA)
The firm trimmed its Comcast position by 5 million shares in its latest 13F filing.
Key Points
- Eagle Capital Management cut its Comcast stake by 5 million shares, now holding 37.6 million shares valued at $900.7 million.
- Comcast shares are trading near $23.97 with a market cap of $87.5 billion and a P/E ratio of 4.8.
- Recent insider transactions included buys and sells by key executives, with analysts maintaining varied ratings and price targets.
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Eagle Capital Management has reduced its stake in Comcast Corporation (NasdaqGS: CMCSA) by 5,009,202 shares, according to its latest 13F filing with the SEC dated May 15, 2026. The firm now holds 37,575,087 shares, valued at approximately $900.7 million. This represents an 11.76% decrease from its previous holding of 42,584,289 shares.
What Changed in Eagle Capital Management's Comcast Position
Eagle Capital Management trimmed its position in Comcast by over 5 million shares, bringing its total to 37.6 million shares. This reduction reflects an 11.76% cut in their holdings. The shares are now valued at about $900.7 million, down from the previous stake value.
Other Institutional Activity in Comcast
Several other major funds also adjusted their positions in Comcast. BlackRock, Inc. reduced its holdings by 21,955,369 shares, ending with 314,985,765 shares valued at roughly $9.04 billion. Vanguard Capital Management LLC added a significant amount, now holding 233,154,772 shares worth around $6.69 billion. State Street Corp cut its stake by 16,585,908 shares, resulting in 182,735,113 shares valued at $5.25 billion. Meanwhile, Capital World Investors increased its holdings by 32,395,372 shares to a total of 182,141,779 shares valued at $5.23 billion. Charles Schwab Investment Management Inc made a notable addition of 80,034,371 shares, bringing its total to 121,558,654 shares valued at $3.49 billion.
Comcast Corporation Stock Down 8.8%
Shares of Comcast Corporation (NasdaqGS: CMCSA) traded near $23.97. The company has a market capitalization of $87.5 billion and a P/E ratio of 4.8. Comcast's stock has seen a 52-week low of $23.13 and a high of $34.36, with a 50-day moving average of $26.41 and a 200-day moving average of $28.12. 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% year-over-year. The company's EPS stands at $5.10, and it maintains a net margin of 15.0% with a return on equity of 20.92%. Comcast is set to release its next earnings report 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 offers an annual dividend rate of $1.32 per share, yielding 5.51% with a payout ratio of 25.88%. This makes it an attractive option for income-focused investors.
Insider Buying and Selling at Comcast Corporation
Recent insider transactions at Comcast include Brian Roberts, Chairman of the Board & Co-CEO, selling 202,500 shares on May 19, 2026. Edward Breen purchased 32,440 shares on May 11, 2026. Daniel Murdock, EVP & Chief Accounting Officer, made several transactions on April 3, 2026, including selling 5,268 shares and buying 5,268 shares.
Analysts Set New Price Targets
On June 12, 2026, Freedom Broker initiated coverage of Comcast with a 'hold' rating and a $29 price target. Rosenblatt maintained its 'hold' rating with a $24 target on June 5, 2026. Citigroup maintained its 'buy' rating, setting a $35.5 target on April 24, 2026. The consensus among 20 analysts is a 'hold' with an average target price of $32.58.
About Comcast Corporation
Comcast Corporation is a global media and technology company headquartered in Philadelphia, Pennsylvania. It operates through several segments, including Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks. The company provides broadband and wireless services, operates NBCUniversal and Sky networks, and runs Universal theme parks. Comcast is led by CEO Brian L. Roberts and employs 179,000 people worldwide.
Bottom Line
Eagle Capital Management's reduction in its Comcast stake highlights shifting institutional sentiment. Investors closely watch 13F filings to gauge the confidence of large funds. While Comcast's stock has faced challenges, its diverse operations and solid dividend continue to attract attention. As always, remember that 13F filings reflect past positions and may not indicate current holdings.
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