Lecap Asset Management Ltd. Decreases Stock Position in Comcast Corporation (NASDAQ:CMCSA)

Lecap Asset Management Ltd. lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 50.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,742 shares of the cable giant's stock after selling 26,275 shares during the period. Lecap Asset Management Ltd.'s holdings in Comcast were worth $950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Comcast during the 4th quarter worth $3,835,226,000. Raymond James Financial Inc. acquired a new stake in Comcast in the 4th quarter valued at about $743,681,000. Amundi increased its holdings in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after acquiring an additional 14,369,056 shares in the last quarter. Capital World Investors raised its position in Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after acquiring an additional 11,255,683 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 1.1%

CMCSA stock traded up $0.37 during trading on Thursday, reaching $35.21. 15,932,020 shares of the stock traded hands, compared to its average volume of 21,984,269. The business's 50 day moving average price is $34.55 and its 200-day moving average price is $35.70. The firm has a market capitalization of $131.46 billion, a PE ratio of 8.65, a P/E/G ratio of 1.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31.

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

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.75%. Comcast's payout ratio is 32.43%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CMCSA shares. Scotiabank reissued a "sector perform" rating and set a $44.50 price objective (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Barclays dropped their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. KeyCorp reduced their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. UBS Group set a $44.50 price objective on Comcast in a research report on Friday, April 25th. Finally, Morgan Stanley set a $37.00 target price on shares of Comcast in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Comcast has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast 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.