Katamaran Capital LLP Invests $1 Million in Comcast Co. (NASDAQ:CMCSA)

Katamaran Capital LLP purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 26,730 shares of the cable giant’s stock, valued at approximately $1,003,000. Comcast accounts for approximately 1.3% of Katamaran Capital LLP’s investment portfolio, making the stock its 23rd largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Aviva PLC raised its position in Comcast by 7.2% in the fourth quarter. Aviva PLC now owns 2,327,702 shares of the cable giant’s stock worth $87,359,000 after acquiring an additional 156,986 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Comcast in the 4th quarter valued at about $1,170,000. Oarsman Capital Inc. lifted its stake in shares of Comcast by 5.6% in the fourth quarter. Oarsman Capital Inc. now owns 24,746 shares of the cable giant’s stock valued at $929,000 after purchasing an additional 1,312 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in Comcast during the fourth quarter worth about $43,724,000. Finally, Islay Capital Management LLC grew its position in Comcast by 2.5% during the fourth quarter. Islay Capital Management LLC now owns 38,601 shares of the cable giant’s stock worth $1,449,000 after buying an additional 953 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research reports. Rosenblatt Securities reduced their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a research note on Friday, January 31st. Finally, Morgan Stanley cut their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.08.

Comcast Trading Down 6.6 %

CMCSA opened at $33.38 on Friday. The firm’s 50 day moving average is $35.76 and its 200-day moving average is $38.87. Comcast Co. has a 52-week low of $32.50 and a 52-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 firm has a market capitalization of $126.21 billion, a P/E ratio of 8.04, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued 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 3.95%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is currently 31.81%.

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.