Kintegral Advisory LLC Reduces Position in Comcast Corporation (NASDAQ:CMCSA)

Kintegral Advisory LLC decreased its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 32.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,299 shares of the cable giant's stock after selling 11,917 shares during the period. Kintegral Advisory LLC's holdings in Comcast were worth $897,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. IFM Investors Pty Ltd boosted its stake in Comcast by 9.0% during 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 last quarter. GF Fund Management CO. LTD. raised its holdings 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 worth $27,174,000 after acquiring an additional 13,010 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings 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 worth $2,565,000 after acquiring an additional 4,015 shares in the last quarter. Calamos Advisors LLC boosted its position 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 acquiring an additional 9,190 shares during the last quarter. Finally, Conning Inc. grew its holdings in shares of Comcast by 11.1% in the first 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 in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CMCSA shares. Moffett Nathanson lifted their target price on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Citigroup reduced their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, KeyCorp dropped their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $40.96.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.10 during trading hours on Friday, reaching $35.93. The stock had a trading volume of 10,160,934 shares, compared to its average volume of 22,020,615. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The stock has a fifty day moving average of $34.81 and a 200 day moving average of $35.52. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $134.13 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95.

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

Comcast Dividend Announcement

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

Comcast Company Profile

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.