Comcast Stake Jumps 79.6% to 906,516 Shares as BofA Upgrades to Buy

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Mediolanum International Funds Ltd boosted its Comcast stake by 79.6% to 906,516 shares valued at $28.55 million in Q3. Bank of America upgraded Comcast to a Buy rating and lifted its price target from $31 to $37 per share.

1. Comcast’s Project UP Drives National Expansion of Digital Literacy

Comcast’s $1 billion Project UP initiative will fund the scaling of Easter Seals Greater Houston’s BridgingApps® program to five new affiliates in 2026: Easterseals of Oak Hill (CT), Iowa, Delaware, Midwest and Evansville (IN). The program provides an App Search Tool and digital-literacy training, empowering disability-service providers to integrate accessible apps into recreation, mental health, early childhood, transition and employment settings. Phase I, completed in 2025, served affiliates in Indianapolis, Massachusetts, North Carolina/Virginia, Rio Grande Valley (TX) and Southeastern Pennsylvania.

2. Expansion Delivers Measurable Outcomes for Participants

BridgingApps® reviewers personally test hundreds of mobile apps each quarter to ensure reliable recommendations. Staff at new affiliates will learn to configure standard accessibility settings on smartphones, tablets and computers, customize technology for client home, work, learning and recreation activities, contribute app reviews and connect individuals to further digital-literacy support. Comcast projects that more than 3,000 service providers and 15,000 clients will benefit nationwide by the end of 2026.

3. Access Investment Management Increases Comcast Stake

During the most recent quarter, Access Investment Management LLC increased its Comcast share count by 40,360 shares, bringing its total holding to 177,365 shares and representing 1.5% of the firm’s portfolio (its 26th largest position). The added position was valued at $5.57 million on filing date. Institutional ownership of Comcast stands at 84.32%, and the company’s net margin for the latest quarter reached 16.17%.

4. Comcast Reports Q4 Results and Raises Dividend

Comcast’s latest quarterly report showed earnings of $0.84 per share, outperforming consensus by $0.09, on revenue of $32.31 billion, up 1.2% year-over-year. Return on equity was 16.86% and the dividend was set at $0.33 per share, equating to a 4.4% yield and a payout ratio of 21.96%. Management reaffirmed full-year EPS guidance of 4.33, reflecting confidence in continued cable broadband growth and NBCUniversal streaming subscriber gains.

Sources

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