Cullen Capital Management LLC cut its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,939,981 shares of the cable giant's stock after selling 195,281 shares during the quarter. Comcast comprises about 2.1% of Cullen Capital Management LLC's portfolio, making the stock its 20th biggest holding. Cullen Capital Management LLC owned approximately 0.13% of Comcast worth $185,397,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Promus Capital LLC bought a new position in Comcast during the 4th quarter worth $25,000. Winch Advisory Services LLC increased its position in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC acquired a new position in Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Comcast in the 3rd quarter valued at about $30,000. Institutional investors own 84.32% of the company's stock.
Comcast Trading Down 5.0 %
Comcast stock traded down $1.75 during trading hours on Thursday, reaching $33.43. 13,983,739 shares of the company's stock were exchanged, compared to its average volume of 21,663,034. The firm's 50 day simple moving average is $35.55 and its 200 day simple moving average is $38.66. Comcast Co. has a twelve month low of $32.20 and a twelve month high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $126.40 billion, a PE ratio of 8.06, a PEG ratio of 1.78 and a beta of 0.94.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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%. Research analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.
Comcast Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.95%. This is a positive change from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio is currently 31.81%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on CMCSA. Bank of America lowered shares of Comcast from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Macquarie decreased their price target on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Barclays reduced their price objective on Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Rosenblatt Securities lowered their target price on Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Finally, Seaport Res Ptn raised shares of Comcast from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Comcast currently has an average rating of "Moderate Buy" and a consensus target price of $42.90.
Read Our Latest Analysis on Comcast
About Comcast
(
Free Report)
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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