Comcast Corporation $CMCSA Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 32.9% in the 2nd quarter, Holdings Channel reports. The firm owned 71,249 shares of the cable giant’s stock after selling 34,991 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Comcast were worth $1,749,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CMCSA. Norges Bank purchased a new position in Comcast in the 4th quarter valued at $2,498,626,000. Capital World Investors grew its holdings in shares of Comcast by 20.8% during the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock worth $4,194,929,000 after buying an additional 24,166,881 shares in the last quarter. Capital Research Global Investors raised its position in shares of Comcast by 65.1% in the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock valued at $1,663,825,000 after buying an additional 21,958,603 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Comcast by 824.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock valued at $333,509,000 after buying an additional 10,359,800 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after buying an additional 7,917,335 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Down 0.7%

Shares of NASDAQ CMCSA opened at $25.47 on Thursday. The company has a market capitalization of $90.38 billion, a P/E ratio of 8.24, a P/E/G ratio of 1.46 and a beta of 0.67. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The company has a 50 day simple moving average of $23.74 and a 200-day simple moving average of $26.92. Comcast Corporation has a 1 year low of $21.28 and a 1 year high of $34.45.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 earnings per share. On average, equities research analysts predict that Comcast Corporation will post 3.52 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.2%. Comcast’s dividend payout ratio is currently 42.72%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $31.00 price objective on shares of Comcast in a research note on Friday, July 24th. UBS Group restated a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. Royal Bank Of Canada set a $26.00 price target on Comcast and gave the company a “sector perform” rating in a report on Friday, July 24th. Morgan Stanley set a $29.00 price objective on Comcast in a research note on Friday, July 24th. Finally, Freedom Capital upgraded Comcast to a “hold” rating in a report on Friday, June 12th. Eleven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $32.96.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.