Comcast Co. (NASDAQ:CMCSA) Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,939,981 shares of the cable giant’s stock after selling 195,281 shares during the quarter. Comcast makes up approximately 2.1% of Cullen Capital Management LLC’s holdings, making the stock its 20th biggest holding. Cullen Capital Management LLC owned about 0.13% of Comcast worth $185,397,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. McIlrath & Eck LLC raised its position in shares of Comcast by 14.8% in the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after acquiring an additional 282 shares during the period. 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 in the last quarter. Integrated Investment Consultants LLC raised its holdings in Comcast by 1.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock worth $622,000 after purchasing an additional 291 shares during the period. Five Oceans Advisors boosted its position in shares of Comcast by 2.5% during the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock worth $463,000 after purchasing an additional 298 shares in the last quarter. Finally, Kovack Advisors Inc. grew its holdings in shares of Comcast by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after buying an additional 300 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 6.6 %

Shares of NASDAQ:CMCSA opened at $33.38 on Friday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $126.21 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a 50-day simple moving average of $35.76 and a 200 day simple moving average of $38.87.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) 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%. Sell-side analysts forecast 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 given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.95%. Comcast’s dividend payout ratio is presently 31.81%.

Analyst Ratings Changes

Several research analysts have weighed in on CMCSA shares. UBS Group reduced their target price on Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, The Goldman Sachs Group dropped their target price on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.08.

Comcast 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.