Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 8.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,305,685 shares of the cable giant's stock after selling 214,528 shares during the period. Bessemer Group Inc. owned approximately 0.06% of Comcast worth $85,078,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Promus Capital LLC bought a new position in shares of Comcast during the fourth quarter valued at approximately $25,000. Inlight Wealth Management LLC bought a new position in Comcast in the 1st quarter valued at $26,000. Retirement Wealth Solutions LLC increased its stake in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after purchasing an additional 448 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in shares of Comcast during the fourth quarter worth $33,000. Finally, Global Wealth Strategies & Associates boosted its stake in shares of Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research analyst reports. UBS Group set a $44.50 price target on shares of Comcast in a research note on Friday, April 25th. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Citigroup lowered their target price on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. Morgan Stanley set a $37.00 price target on Comcast in a research note on Friday, April 25th. Finally, Barclays lowered their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded up $0.37 on Thursday, hitting $35.21. 15,953,947 shares of the company were exchanged, compared to its average volume of 21,984,270. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock's 50 day moving average price is $34.55 and its 200 day moving average price is $35.70. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The firm has a market capitalization of $131.46 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly 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. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the previous year, the business earned $1.04 EPS. The company's quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.75%. Comcast's payout ratio is currently 32.43%.

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.