Comcast Co. (NASDAQ:CMCSA) is Voyager Global Management LP’s 7th Largest Position

Voyager Global Management LP cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 23.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,575,000 shares of the cable giant’s stock after selling 1,425,000 shares during the quarter. Comcast makes up about 8.3% of Voyager Global Management LP’s investment portfolio, making the stock its 7th largest position. Voyager Global Management LP owned approximately 0.12% of Comcast worth $191,098,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC raised its holdings in Comcast by 4.5% in the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares in the last quarter. Parnassus Investments LLC raised its holdings in Comcast by 3.7% in the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock worth $80,232,000 after purchasing an additional 68,139 shares in the last quarter. Douglas Lane & Associates LLC raised its holdings in Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after purchasing an additional 15,807 shares in the last quarter. Wulff Hansen & CO. raised its holdings in Comcast by 3,816.0% in the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock worth $21,866,000 after purchasing an additional 544,123 shares in the last quarter. Finally, Darsana Capital Partners LP raised its holdings in Comcast by 26.7% in the second quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock worth $372,020,000 after purchasing an additional 2,000,000 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CMCSA shares. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. TD Cowen cut their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Pivotal Research upped their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.

Comcast Trading Up 0.6 %

Shares of NASDAQ:CMCSA opened at $42.79 on Friday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The firm has a market capitalization of $163.74 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 1.62 and a beta of 0.99. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The business’s 50 day moving average price is $42.45 and its 200-day moving average price is $40.26.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the prior year, the company earned $1.08 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

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.