Victory Capital Management Adds $13M in Comcast Corporation ($CMCSA)
Victory Capital Management has increased its position in Comcast Corporation by 5.8%.
Key Points
- Victory Capital Management boosted its stake in Comcast by 5.8%, adding 525,134 shares to hold a total of 9,539,298 shares.
- Comcast's stock traded near $25.20 on Tuesday, with a market cap of $82.8 billion and a P/E ratio of 4.5.
- Insiders and analysts show mixed activity, with recent insider trades and a range of analyst price targets from $24 to $39.
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Victory Capital Management increased its stake in Comcast Corporation (NasdaqGS: CMCSA) by 5.8% as of the latest Form 13F filing with the SEC. The fund added 525,134 shares during the period, bringing its total holdings to 9,539,298 shares, valued at approximately $240.4 million.
What Changed in Victory Capital Management's Comcast Position
Victory Capital Management boosted its position in Comcast by 5.8%. Previously holding 9,014,164 shares, the fund now owns 9,539,298 shares. This increase reflects a strong commitment to the media and technology company, with the total stake valued at around $240.4 million.
Other Institutional Activity in Comcast
BlackRock, Inc. reduced its Comcast holdings by 21,955,369 shares, ending with 314,985,765 shares valued at about $9.04 billion, a 6.5% decrease. Vanguard Capital Management LLC opened a new position with 233,154,772 shares, valued at $6.69 billion. State Street Corp cut its stake by 16,585,908 shares to 182,735,113, a reduction of 8.3%. Capital World Investors increased its holdings by 32,395,372 shares, now holding 182,141,779 shares worth $5.23 billion, a 21.6% rise. Charles Schwab Investment Management Inc significantly expanded its position by 80,034,371 shares, a 192.7% increase, totaling 121,558,654 shares valued at $3.49 billion.
Comcast Corporation Stock Down 6.9%
Shares of Comcast traded near $25.20 on Tuesday. The company has a market cap of $82.8 billion and a P/E ratio of 4.5. Comcast's stock has seen a 52-week low of $22.13 and a high of $34.36. Its 50-day moving average stands at $25.42, with a 200-day moving average of $27.69. The company maintains a current ratio of 0.865 and a quick ratio of 0.707, with a debt-to-equity ratio of 106.9.
$CMCSA stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Comcast reported revenue of $125.3 billion, reflecting a growth of 5.3%. The company's net margin is 15%, with a return on equity (ROE) of 20.9%. Comcast's 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 of $1.32 per share, yielding 5.7%. The company's dividend payout ratio is 25.88%.
Insider Buying and Selling at Comcast Corporation
Notable insider activity includes Chairman Brian Roberts selling 202,500 shares on May 19, 2026. Edward Breen purchased 32,440 shares on May 11, 2026. EVP & Chief Accounting Officer Daniel Murdock sold 2,073 shares at an average price of $27.93 on April 3, 2026, while also buying 5,268 shares the same day.
Analysts Set New Price Targets
On June 12, 2026, Freedom Broker initiated coverage on Comcast with a 'hold' rating and a $29.00 price target. Rosenblatt maintained its 'hold' rating with a $24.00 target on June 5, 2026. Citigroup maintained a 'buy' rating, setting a $35.50 target on April 24, 2026. The overall analyst consensus is a 'hold', with an average target price of $32.36 based on 21 opinions.
About Comcast Corporation
Comcast Corporation, headquartered in Philadelphia, PA, operates as a media and technology company globally. It provides broadband, wireless, and video services through its Residential and Business Services Connectivity segments. The company also owns NBCUniversal and the Sky brand, offering television networks, streaming services, and theme parks. Under the leadership of CEO Brian L. Roberts, Comcast employs about 179,000 people.
Bottom Line
Victory Capital Management's decision to increase its stake in Comcast by 5.8% demonstrates its confidence in the company's future. Investors closely watch such filings for insights into fund managers' strategies. However, it's important to remember that 13F filings reflect past positions and may not indicate current holdings.
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