61,586 Shares in Comcast Corporation $CMCSA Bought by Voleon Capital Management LP

Key Points

• Voleon Capital Management LP has acquired 61,586 shares of Comcast Corporation, valued at approximately $2,273,000, as reported in their 13F filing with the SEC.
• Analysts have varied opinions on Comcast's stock, with a consensus rating of "Hold" and a price target averaging around $40.63, while several firms have lowered their targets recently.
• Comcast announced a quarterly dividend of $0.33 per share, which reflects a 3.9% annual yield and indicates a payout ratio of 21.82%.

Voleon Capital Management LP purchased a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,586 shares of the cable giant's stock, valued at approximately $2,273,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Brighton Jones LLC raised its holdings in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after buying an additional 99,986 shares during the period. Hudson Bay Capital Management LP raised its holdings in shares of Comcast by 902.2% in the fourth quarter. Hudson Bay Capital Management LP now owns 65,780 shares of the cable giant's stock worth $2,469,000 after buying an additional 73,980 shares during the period. Jefferies Financial Group Inc. raised its holdings in shares of Comcast by 427.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 245,568 shares of the cable giant's stock worth $9,216,000 after buying an additional 199,038 shares during the period. Laurion Capital Management LP raised its holdings in shares of Comcast by 1.1% in the fourth quarter. Laurion Capital Management LP now owns 555,945 shares of the cable giant's stock worth $20,865,000 after buying an additional 5,945 shares during the period. Finally, MJP Associates Inc. ADV grew its stake in Comcast by 265.8% in the fourth quarter. MJP Associates Inc. ADV now owns 18,279 shares of the cable giant's stock worth $686,000 after purchasing an additional 13,282 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Down 1.0%

Shares of Comcast stock traded down $0.34 during trading on Friday, reaching $33.06. The company's stock had a trading volume of 23,842,060 shares, compared to its average volume of 19,553,770. 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 company has a market cap of $122.06 billion, a price-to-earnings ratio of 5.46, a P/E/G ratio of 2.00 and a beta of 0.93. Comcast Corporation has a 1-year low of $31.03 and a 1-year high of $45.31. The company has a 50-day simple moving average of $33.79 and a two-hundred day simple moving average of $34.60.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to analysts' expectations of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. As a group, equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. Comcast's dividend payout ratio (DPR) is presently 21.82%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Arete Research raised Comcast to a "hold" rating in a research note on Tuesday, July 8th. UBS Group dropped their price objective on Comcast from $40.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Barclays dropped their price objective on Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Moffett Nathanson increased their price objective on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Finally, Royal Bank Of Canada assumed coverage on Comcast in a research note on Monday, September 8th. They issued a "sector perform" rating and a $38.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.56.

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.