106,240 Shares in Comcast Corporation $CMCSA Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 106,240 shares of the cable giant’s stock, valued at approximately $3,050,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after acquiring an additional 2,160,829 shares in the last quarter. State Street Corp raised its stake in Comcast by 3.4% during the 4th quarter. State Street Corp now owns 186,805,081 shares of the cable giant’s stock valued at $5,583,604,000 after purchasing an additional 6,117,946 shares during the period. Capital World Investors lifted its holdings in shares of Comcast by 20.8% in the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after purchasing an additional 24,166,881 shares in the last quarter. Dodge & Cox boosted its position in shares of Comcast by 0.4% in the fourth quarter. Dodge & Cox now owns 112,967,514 shares of the cable giant’s stock worth $3,376,599,000 after buying an additional 399,596 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Comcast by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock worth $2,680,747,000 after buying an additional 1,465,428 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ:CMCSA traded up $0.31 during midday trading on Tuesday, reaching $23.69. The stock had a trading volume of 10,133,599 shares, compared to its average volume of 34,637,414. The stock has a market capitalization of $84.62 billion, a P/E ratio of 4.66, a PEG ratio of 1.95 and a beta of 0.67. The firm’s fifty day simple moving average is $24.75 and its 200-day simple moving average is $27.92. Comcast Corporation has a 1-year low of $22.13 and a 1-year high of $36.06. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 EPS. On average, equities research analysts forecast that Comcast Corporation will post 3.5 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.6%. Comcast’s payout ratio is 25.98%.

Comcast News Roundup

Here are the key news stories impacting Comcast this week:

• Negative Sentiment: Morgan Stanley lowered its price target on Comcast to $30 from $33 and kept an equal-weight rating, suggesting more limited near-term upside despite still being above the current share price. Morgan Stanley cuts Comcast price target
• Negative Sentiment: Wells Fargo cut its price target to $28 from $29 and maintained an underweight rating, reinforcing a cautious view on Comcast’s outlook. Wells Fargo lowers Comcast price target
• Neutral Sentiment: Comcast’s Sky unit agreed to buy ITV’s media and entertainment business for up to $2.14 billion, a strategic deal that could strengthen Sky’s content portfolio but also adds execution and integration considerations. Reuters on ITV sale to Sky
• Neutral Sentiment: Recent coverage also noted Comcast has been heavily watched by investors and described the stock as weak versus the broader market, which may reflect ongoing concerns about growth and sentiment rather than a fresh catalyst. Yahoo Finance on Comcast stock weakness

Analyst Ratings Changes

CMCSA has been the subject of a number of research reports. Wall Street Zen raised shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. UBS Group restated a “neutral” rating on shares of Comcast in a research note on Tuesday, June 23rd. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Freedom Capital upgraded Comcast to a “hold” rating in a report on Friday, June 12th. Finally, Wells Fargo & Company lowered their price target on Comcast from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Comcast has a consensus rating of “Hold” and a consensus target price of $34.04.

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.