Cullen Investment Group LTD. Cuts Stock Position in Comcast Corporation $CMCSA

Cullen Investment Group LTD. trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 25.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,001 shares of the cable giant’s stock after selling 65,544 shares during the quarter. Cullen Investment Group LTD.’s holdings in Comcast were worth $5,871,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CMCSA. Brighton Jones LLC grew 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 in the last quarter. Aptus Capital Advisors LLC boosted its holdings in Comcast by 0.4% in the first quarter. Aptus Capital Advisors LLC now owns 236,426 shares of the cable giant’s stock valued at $8,724,000 after purchasing an additional 865 shares during the period. Financial Advisors Network Inc. acquired a new position in Comcast during the 1st quarter worth $299,000. Senator Investment Group LP acquired a new stake in Comcast in the 1st quarter valued at about $55,350,000. Finally, Legacy Financial Advisors Inc. raised its position in Comcast by 1.6% in the 1st quarter. Legacy Financial Advisors Inc. now owns 45,457 shares of the cable giant’s stock valued at $1,677,000 after purchasing an additional 702 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on CMCSA shares. Williams Trading set a $40.00 target price on shares of Comcast in a research note on Friday, October 31st. Loop Capital lowered their price target on shares of Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 31st. Rosenblatt Securities reduced their price objective on shares of Comcast from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, December 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $30.00 price objective (down from $39.00) on shares of Comcast in a research report on Friday, October 31st. Finally, KeyCorp cut Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.78.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $29.73 on Wednesday. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $39.12. The firm has a market capitalization of $108.33 billion, a P/E ratio of 4.95, a P/E/G ratio of 1.94 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company’s fifty day moving average price is $28.02 and its 200 day moving average price is $31.70.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. As a group, sell-side analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.4%. Comcast’s dividend payout ratio (DPR) is 21.96%.

Comcast Company 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.