Comcast Co. (NASDAQ:CMCSA) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 31.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,520,213 shares of the cable giant’s stock after buying an additional 601,657 shares during the period. Bessemer Group Inc.’s holdings in Comcast were worth $94,584,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. World Investment Advisors LLC grew its stake in Comcast by 904.0% during the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after acquiring an additional 229,192 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $743,681,000. Bfsg LLC increased its holdings in shares of Comcast by 752.8% in the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock valued at $3,129,000 after purchasing an additional 73,590 shares during the last quarter. Mission Wealth Management LP lifted its position in 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 buying an additional 3,344 shares in the last quarter. Finally, Robinson Value Management Ltd. boosted its stake in 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 buying an additional 59,107 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 7.1 %

Shares of CMCSA stock opened at $35.18 on Thursday. The stock has a market capitalization of $133.02 billion, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. Comcast Co. has a fifty-two week low of $32.20 and a fifty-two week high of $45.31. 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 company has a 50 day moving average price of $35.55 and a 200 day moving average price of $38.66.

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

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

Analysts Set New Price Targets

Several research firms have recently commented on CMCSA. JPMorgan Chase & Co. reduced their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research note on Friday, January 31st. Citigroup dropped their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Loop Capital decreased their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group cut their target price on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.10.

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.