Tpg Gp A LLC Boosts Position in Comcast Co. (NASDAQ:CMCSA)

Tpg Gp A LLC increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 26.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,438,194 shares of the cable giant’s stock after acquiring an additional 298,472 shares during the quarter. Comcast comprises approximately 0.9% of Tpg Gp A LLC’s investment portfolio, making the stock its 23rd largest holding. Tpg Gp A LLC’s holdings in Comcast were worth $53,975,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Comcast in the fourth quarter valued at approximately $743,681,000. Bfsg LLC raised 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 worth $3,129,000 after purchasing an additional 73,590 shares during the last quarter. Mission Wealth Management LP raised 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 worth $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Robinson Value Management Ltd. raised 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 worth $3,842,000 after purchasing an additional 59,107 shares during the last quarter. Finally, Private Management Group Inc. raised its stake in shares of Comcast by 3.0% during the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock worth $32,118,000 after purchasing an additional 24,827 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.4%

Comcast stock opened at $35.48 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $132.47 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The stock’s fifty day moving average is $34.88 and its two-hundred day moving average is $37.25.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Comcast’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share. Analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several analyst reports. Barclays cut their price target on Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Oppenheimer cut their price target on Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Citigroup cut their price target on Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Rosenblatt Securities restated a “neutral” rating and set a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Finally, Morgan Stanley set a $37.00 price target on Comcast in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast 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.