Bessemer Group Inc. Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Bessemer Group Inc. increased its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 31.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,520,213 shares of the cable giant's stock after purchasing an additional 601,657 shares during the period. Bessemer Group Inc. owned 0.07% of Comcast worth $94,584,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Promus Capital LLC purchased a new stake in shares of Comcast during the 4th quarter valued at about $25,000. Winch Advisory Services LLC raised its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC bought a new stake in shares of Comcast in the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast in the 4th quarter worth approximately $28,000. Finally, OFI Invest Asset Management bought a new position in shares of Comcast during the 4th quarter valued at approximately $37,000. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

CMCSA traded up $0.45 during trading on Tuesday, hitting $34.60. The company's stock had a trading volume of 6,955,577 shares, compared to its average volume of 21,666,522. The firm has a market capitalization of $130.82 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 1.78 and a beta of 0.94. Comcast Co. has a twelve month low of $32.20 and a twelve month high of $45.31. The business's fifty day simple moving average is $35.57 and its 200 day simple moving average is $38.49. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

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Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.82%. This is a positive change from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's dividend payout ratio is presently 31.81%.

Analyst Ratings Changes

Several research firms have commented on CMCSA. Bank of America lowered shares of Comcast from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Rosenblatt Securities cut their price target on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Macquarie reduced their price objective on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group dropped their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, Scotiabank increased their target price on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.

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.