Cullen Capital Management LLC Has $167.90 Million Position in Comcast Corporation $CMCSA

Cullen Capital Management LLC lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 10.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,343,823 shares of the cable giant’s stock after purchasing an additional 505,115 shares during the quarter. Comcast comprises 1.8% of Cullen Capital Management LLC’s holdings, making the stock its 24th biggest position. Cullen Capital Management LLC owned approximately 0.14% of Comcast worth $167,903,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Capital A Wealth Management LLC raised its holdings in Comcast by 173.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 436 shares during the period. Avalon Trust Co boosted its stake in shares of Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Comcast during the 2nd quarter valued at $29,000. Princeton Global Asset Management LLC boosted its position in Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Comcast in the 2nd quarter valued at about $31,000. 84.32% of the stock is owned by institutional investors.

Comcast Trading Up 2.5%

NASDAQ CMCSA opened at $30.50 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company’s fifty day simple moving average is $28.61 and its 200-day simple moving average is $30.23. The stock has a market cap of $111.14 billion, a P/E ratio of 5.68, a PEG ratio of 2.27 and a beta of 0.81. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $37.97.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. The business had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 earnings per share. Equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMCSA. Daiwa Capital Markets cut their target price on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. BNP Paribas Exane dropped their target price on shares of Comcast from $28.10 to $28.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 27th. Williams Trading set a $40.00 price target on shares of Comcast in a research note on Friday, October 31st. Exane BNP Paribas reiterated a “neutral” rating on shares of Comcast in a research note on Tuesday, January 27th. Finally, TD Cowen lowered their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.90.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.