Bessemer Group Inc. Grows Stake in Comcast Co. (CMCSA)

Bessemer Group Inc. grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 49.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,735 shares of the cable giant’s stock after buying an additional 22,725 shares during the period. Bessemer Group Inc.’s holdings in Comcast were worth $2,340,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Acima Private Wealth LLC bought a new stake in Comcast during the 4th quarter valued at about $25,000. Litman Gregory Asset Management LLC bought a new stake in Comcast during the 4th quarter valued at about $30,000. Ironwood Financial llc bought a new stake in Comcast during the 4th quarter valued at about $32,000. IMS Capital Management bought a new stake in Comcast during the 3rd quarter valued at about $38,000. Finally, Ipswich Investment Management Co. Inc. bought a new stake in Comcast during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 81.15% of the company’s stock.

Shares of Comcast stock traded down $0.14 on Friday, reaching $42.43. The stock had a trading volume of 13,959,321 shares, compared to its average volume of 14,530,851. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.48. Comcast Co. has a 1 year low of $30.43 and a 1 year high of $42.83. The company has a market cap of $197.07 billion, a P/E ratio of 16.64, a PEG ratio of 1.19 and a beta of 1.10.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The firm had revenue of $27.85 billion for the quarter, compared to the consensus estimate of $27.56 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 26.1% compared to the same quarter last year. As a group, equities research analysts forecast that Comcast Co. will post 2.84 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given a $0.21 dividend. The ex-dividend date is Tuesday, April 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.98%. This is an increase from Comcast’s previous quarterly dividend of $0.19. Comcast’s payout ratio is presently 32.94%.

In other Comcast news, CAO Daniel C. Murdock sold 919 shares of Comcast stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $40.36, for a total transaction of $37,090.84. Following the completion of the sale, the chief accounting officer now directly owns 3,453 shares in the company, valued at approximately $139,363.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Daniel C. Murdock sold 1,038 shares of Comcast stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $42.00, for a total transaction of $43,596.00. Following the sale, the senior vice president now owns 3,707 shares of the company’s stock, valued at $155,694. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,290,226 shares of company stock worth $49,311,328. 1.31% of the stock is owned by insiders.

A number of research analysts have commented on CMCSA shares. BidaskClub raised shares of Comcast from a “hold” rating to a “buy” rating in a research report on Thursday. TD Securities raised their target price on shares of Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 24th. Credit Suisse Group reissued a “buy” rating and set a $44.00 target price on shares of Comcast in a research report on Tuesday, January 22nd. Macquarie reissued a “hold” rating and set a $39.00 target price on shares of Comcast in a research report on Monday, December 24th. Finally, ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $44.45.

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About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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