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

Y Intercept Hong Kong Ltd lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 46.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Comcast in the second quarter worth about $3,528,361,000. Dodge & Cox boosted its stake in shares of Comcast by 18.1% in the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after purchasing an additional 17,054,579 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Comcast by 133.1% in the 2nd quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock valued at $363,580,000 after purchasing an additional 5,817,614 shares during the last quarter. Worldquant Millennium Advisors LLC grew its position in shares of Comcast by 554.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after buying an additional 4,240,876 shares during the period. Finally, State Street Corp raised its stake in shares of Comcast by 2.5% during the second quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after buying an additional 4,231,140 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent research reports. BNP Paribas Exane raised their price objective 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 cut their price target on Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. TD Cowen restated a “buy” rating on shares of Comcast in a research report on Friday, October 31st. JPMorgan Chase & Co. dropped their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Daiwa Capital Markets reduced their target price on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Eleven equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and an average target price of $35.53.

Comcast Trading Up 0.2%

NASDAQ:CMCSA opened at $29.30 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The business’s 50-day simple moving average is $28.21 and its 200-day simple moving average is $30.50. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $38.40. The stock has a market capitalization of $106.77 billion, a PE ratio of 4.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 30th. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.10 by $0.02. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $31.20 billion for the quarter, compared to the consensus estimate of $30.74 billion. During the same period last year, the company posted $1.12 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. Sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

About Comcast

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.