Y Intercept Hong Kong Ltd Sells 114,164 Shares of Comcast Corporation $CMCSA

by · The Markets Daily

Y Intercept Hong Kong Ltd lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) by 46.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 134,128 shares of the cable giant’s stock after selling 114,164 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Comcast were worth $4,214,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. QRG Capital Management Inc. raised its holdings in Comcast by 13.0% in the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after acquiring an additional 83,631 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Comcast by 39.9% during the second quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock valued at $37,954,000 after purchasing an additional 300,898 shares during the period. Vanguard Group Inc. raised its stake in shares of Comcast by 0.3% in the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after purchasing an additional 1,257,196 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Comcast by 47.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 532,315 shares of the cable giant’s stock valued at $18,998,000 after purchasing an additional 171,929 shares in the last quarter. Finally, Aberdeen Group plc lifted its position in Comcast by 5.4% in the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after purchasing an additional 147,231 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.2%

Shares of CMCSA opened at $29.30 on Monday. The company has a market capitalization of $106.77 billion, a P/E ratio of 4.88, a PEG ratio of 2.06 and a beta of 0.81. Comcast Corporation has a one year low of $25.75 and a one year high of $38.40. The business’s 50 day simple moving average is $28.21 and its 200-day simple moving average is $30.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. The firm had revenue of $31.20 billion during the quarter, compared to the consensus estimate of $30.74 billion. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS. As a group, sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s payout ratio is currently 21.96%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their price target on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 10th. BNP Paribas Exane upped their target price on shares of Comcast from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Citigroup dropped their price target on shares of Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. decreased their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Barclays set a $28.00 price objective on Comcast and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Eleven investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.53.

Get Our Latest Report on CMCSA

Comcast Profile

(Free Report)

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.

See Also

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