Y Intercept Hong Kong Ltd Has $8.86 Million Holdings in Comcast Corporation $CMCSA

Y Intercept Hong Kong Ltd grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 603.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 248,292 shares of the cable giant’s stock after buying an additional 212,989 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Comcast were worth $8,862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Foster Group Inc. lifted its holdings in Comcast by 4.0% in the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after purchasing an additional 282 shares during the last quarter. Argyle Capital Management LLC lifted its stake in shares of Comcast by 0.5% in the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after buying an additional 300 shares during the last quarter. Clearstead Trust LLC lifted its stake in shares of Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after buying an additional 305 shares during the last quarter. Webster Bank N. A. lifted its stake in shares of Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after buying an additional 305 shares during the last quarter. Finally, United Asset Strategies Inc. lifted its stake in shares of Comcast by 2.2% in the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after buying an additional 308 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMCSA. Barclays cut their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Loop Capital cut their price objective on Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Royal Bank Of Canada initiated coverage on Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price objective for the company. Bank of America cut their price target on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Finally, Scotiabank reiterated a “sector perform” rating and set a $45.50 price target (up from $45.00) on shares of Comcast in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $39.76.

Comcast Trading Down 0.1%

Comcast stock opened at $29.28 on Monday. The business has a 50 day moving average price of $31.92 and a two-hundred day moving average price of $33.52. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a market cap of $108.11 billion, a price-to-earnings ratio of 4.84, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. Comcast Corporation has a 12 month low of $29.15 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. As a group, equities analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

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.