Goldman Sachs Group Inc. Sells 912,887 Shares of Comcast Corporation (NASDAQ:CMCSA)

Goldman Sachs Group Inc. cut its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,518,972 shares of the cable giant's stock after selling 912,887 shares during the quarter. Goldman Sachs Group Inc. owned 0.66% of Comcast worth $904,750,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CMCSA. Brighton Jones LLC lifted its stake 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 acquiring an additional 99,986 shares during the period. FIL Ltd boosted its position in Comcast by 5.4% during the fourth quarter. FIL Ltd now owns 556,273 shares of the cable giant's stock valued at $20,877,000 after acquiring an additional 28,527 shares during the last quarter. Advisory Services Network LLC lifted its stake in shares of Comcast by 25.2% in the 4th quarter. Advisory Services Network LLC now owns 72,912 shares of the cable giant's stock valued at $2,736,000 after purchasing an additional 14,671 shares during the period. Bessemer Group Inc. grew its stake in Comcast by 31.4% during the fourth quarter. Bessemer Group Inc. now owns 2,520,213 shares of the cable giant's stock worth $94,584,000 after purchasing an additional 601,657 shares during the period. Finally, Phoenix Financial Ltd. lifted its stake in Comcast by 9.0% in the fourth quarter. Phoenix Financial Ltd. now owns 45,442 shares of the cable giant's stock valued at $1,706,000 after buying an additional 3,771 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $32.16 on Thursday. The company has a 50-day moving average price of $34.66 and a two-hundred day moving average price of $35.03. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. 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 firm has a market capitalization of $120.08 billion, a PE ratio of 5.32, a P/E/G ratio of 1.95 and a beta of 0.92.

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

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio is 21.82%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research reports. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a report on Thursday, April 10th. UBS Group cut their target price on Comcast from $40.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, August 1st. TD Cowen lowered their price objective on shares of Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $40.73.

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.

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