Cullen Frost Bankers Inc. Cuts Position in Comcast Co. (NASDAQ:CMCSA)

Cullen Frost Bankers Inc. trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 434,408 shares of the cable giant’s stock after selling 67,456 shares during the period. Cullen Frost Bankers Inc.’s holdings in Comcast were worth $16,303,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Winch Advisory Services LLC increased its stake in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in Comcast in the third quarter valued at approximately $30,000. Roxbury Financial LLC purchased a new position in Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast in the fourth quarter valued at approximately $28,000. Finally, Dunhill Financial LLC increased its stake in Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of several recent analyst reports. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, The Goldman Sachs Group lowered their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.83.

Comcast Trading Up 0.2 %

Shares of CMCSA stock opened at $35.56 on Thursday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The stock has a market cap of $134.45 billion, a P/E ratio of 8.57, a P/E/G ratio of 1.78 and a beta of 1.00. The business has a fifty day simple moving average of $36.17 and a 200-day simple moving average of $39.39. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating 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%. On average, analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business 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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.71%. 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 currently 31.81%.

About Comcast

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.