Kintegral Advisory LLC Sells 11,917 Shares of Comcast Corporation (NASDAQ:CMCSA)

Kintegral Advisory LLC reduced its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 32.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,299 shares of the cable giant's stock after selling 11,917 shares during the quarter. Kintegral Advisory LLC's holdings in Comcast were worth $897,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CMCSA. IFM Investors Pty Ltd raised its stake in shares of Comcast by 9.0% in the first quarter. IFM Investors Pty Ltd now owns 837,993 shares of the cable giant's stock valued at $30,922,000 after buying an additional 69,105 shares during the period. GF Fund Management CO. LTD. raised its stake in shares of Comcast by 1.8% during the 1st quarter. GF Fund Management CO. LTD. now owns 736,435 shares of the cable giant's stock valued at $27,174,000 after purchasing an additional 13,010 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of Comcast by 6.1% during the 1st quarter. OneDigital Investment Advisors LLC now owns 69,514 shares of the cable giant's stock valued at $2,565,000 after purchasing an additional 4,015 shares during the period. Calamos Advisors LLC raised its stake in shares of Comcast by 1.1% during the 1st quarter. Calamos Advisors LLC now owns 826,418 shares of the cable giant's stock valued at $30,495,000 after purchasing an additional 9,190 shares during the period. Finally, Conning Inc. raised its stake in shares of Comcast by 11.1% during the 1st quarter. Conning Inc. now owns 1,006,310 shares of the cable giant's stock valued at $37,133,000 after purchasing an additional 100,435 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CMCSA shares. BNP Paribas Exane reduced their target price on Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Friday, April 25th. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a research report on Thursday, April 10th. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Oppenheimer reduced their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, UBS Group set a $44.50 target price on Comcast in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $40.96.

Comcast Price Performance

Shares of Comcast stock traded up $0.10 during trading on Friday, reaching $35.93. 10,160,934 shares of the stock traded hands, compared to its average volume of 22,060,166. The company has a market capitalization of $134.13 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 1.74 and a beta of 0.95. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The business has a fifty day simple moving average of $34.81 and a two-hundred day simple moving average of $35.50.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm's revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.04 earnings per share. Sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.67%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.