Voyager Global Management LP Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Voyager Global Management LP raised its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 59.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,300,000 shares of the cable giant's stock after acquiring an additional 2,725,000 shares during the quarter. Comcast makes up 10.9% of Voyager Global Management LP's portfolio, making the stock its 3rd largest holding. Voyager Global Management LP owned about 0.19% of Comcast worth $273,969,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. World Investment Advisors LLC grew its stake in Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock worth $10,632,000 after buying an additional 229,192 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Comcast during the fourth quarter valued at approximately $743,681,000. Bfsg LLC grew its stake in shares of Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock valued at $3,129,000 after purchasing an additional 73,590 shares during the last quarter. Mission Wealth Management LP grew its stake in shares of Comcast by 8.3% during the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock valued at $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Finally, Robinson Value Management Ltd. grew its stake in shares of Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after purchasing an additional 59,107 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Down 0.4 %

Shares of NASDAQ:CMCSA traded down $0.13 during midday trading on Monday, reaching $33.77. 27,894,383 shares of the company were exchanged, compared to its average volume of 21,843,929. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a fifty day simple moving average of $35.35 and a two-hundred day simple moving average of $38.03. The firm has a market cap of $127.69 billion, a PE ratio of 8.14, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 earnings per share. As a group, sell-side analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd were paid a $0.33 dividend. This is a positive change from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.91%. Comcast's dividend payout ratio is currently 32.43%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a research note on Friday, January 31st. The Goldman Sachs Group cut their price objective on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. StockNews.com upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Loop Capital cut their price objective on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Finally, Morgan Stanley set a $37.00 price objective on shares of Comcast in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $41.88.

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.