Legal & General Group Plc Increases Stake in Comcast Corporation

Institutional investor raises ownership of cable giant's shares by 2.9% in Q3

Published on Mar. 10, 2026

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Legal & General Group Plc, a major institutional investor, increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 2.9% during the third quarter of 2026, according to a recent SEC filing. The fund now owns 24,104,774 shares of the cable company's stock, representing 0.66% ownership.

Why it matters

Comcast is one of the largest media and communications companies in the United States, providing cable TV, internet, and phone services to millions of customers. Institutional investors like Legal & General closely monitor and adjust their positions in major companies like Comcast, which can signal broader market trends and investor sentiment.

The details

According to the 13F filing, Legal & General Group Plc purchased an additional 686,520 shares of Comcast during the third quarter, bringing its total position to 24,104,774 shares. This represents a 2.9% increase in the fund's ownership stake in the cable giant. Legal & General is now the beneficial owner of 0.66% of Comcast's outstanding shares.

  • Legal & General Group Plc filed the 13F report disclosing the increased Comcast stake on March 10, 2026.
  • The additional 686,520 Comcast shares were purchased by Legal & General during the third quarter of 2026.

The players

Legal & General Group Plc

A major global investment management firm headquartered in the United Kingdom, with over $1.5 trillion in assets under management.

Comcast Corporation

A diversified global media and technology company based in Philadelphia, Pennsylvania, providing cable TV, internet, and phone services to millions of customers.

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The takeaway

The increased stake by Legal & General Group in Comcast signals continued institutional investor confidence in the cable provider's long-term growth prospects, despite some recent stock price volatility. This move aligns with broader trends of major funds closely monitoring and adjusting positions in large-cap media and communications companies.