Katamaran Capital LLP Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Katamaran Capital LLP acquired a new position in Comcast Co. (NASDAQ:CMCSA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,730 shares of the cable giant's stock, valued at approximately $1,003,000. Comcast accounts for about 1.3% of Katamaran Capital LLP's portfolio, making the stock its 23rd largest holding.

Several other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Comcast in the 4th quarter valued at $3,835,226,000. Geode Capital Management LLC grew its position in shares of Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after purchasing an additional 1,006,272 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Comcast by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock worth $1,279,813,000 after purchasing an additional 2,270,186 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Comcast by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant's stock worth $1,227,591,000 after purchasing an additional 838,366 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Comcast by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 24,725,355 shares of the cable giant's stock valued at $927,943,000 after buying an additional 158,639 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

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Comcast Trading Down 4.2 %

CMCSA traded down $1.47 during mid-day trading on Thursday, hitting $33.72. 15,198,536 shares of the stock were exchanged, compared to its average volume of 21,667,448. The firm's fifty day moving average is $35.55 and its two-hundred day moving average is $38.66. Comcast Co. has a 1-year low of $32.20 and a 1-year high of $45.31. The company has a market cap of $127.48 billion, a PE ratio of 8.13, a PEG ratio of 1.78 and a beta of 0.94. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.92%. This is an increase from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is currently 31.81%.

Analysts Set New Price Targets

A number of analysts have commented on CMCSA shares. Benchmark cut their price objective on shares of Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a report on Friday, January 31st. The Goldman Sachs Group cut their price target on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a report on Thursday. Morgan Stanley cut their target price on Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Finally, Macquarie dropped their price objective on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $42.90.

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.