Y Intercept Hong Kong Ltd Sells 61,771 Shares of Comcast Corporation (NASDAQ:CMCSA)

Y Intercept Hong Kong Ltd trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 63.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,303 shares of the cable giant's stock after selling 61,771 shares during the period. Y Intercept Hong Kong Ltd's holdings in Comcast were worth $1,303,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CMCSA. Norges Bank bought a new stake in shares of Comcast during the 4th quarter worth $3,835,226,000. Capital World Investors boosted its holdings in shares of Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after buying an additional 11,255,683 shares during the period. KBC Group NV boosted its holdings in shares of Comcast by 724.7% during the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant's stock worth $374,927,000 after buying an additional 8,928,641 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after buying an additional 5,402,377 shares during the period. Finally, Dodge & Cox boosted its holdings in shares of Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after buying an additional 5,039,823 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of CMCSA traded down $0.14 during trading hours on Monday, hitting $33.55. The stock had a trading volume of 4,764,446 shares, compared to its average volume of 24,180,906. The company's fifty day moving average is $35.01 and its two-hundred day moving average is $35.22. 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. The stock has a market capitalization of $125.25 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 1.63 and a beta of 0.95.

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

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CMCSA shares. Rosenblatt Securities upped their target price on shares of Comcast from $36.00 to $37.00 and gave the company a "neutral" rating in a research note on Friday. TD Cowen cut their target price on shares of Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Citigroup cut their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a research note on Thursday, April 10th. Finally, Morgan Stanley set a $40.00 target price on shares of Comcast and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $41.13.

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.