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

Cullen Frost Bankers Inc. lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,408 shares of the cable giant’s stock after selling 67,456 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Comcast were worth $16,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Wilmington Savings Fund Society FSB grew its holdings in Comcast by 55,334.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after buying an additional 8,258,128 shares during the period. FMR LLC lifted its stake in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after purchasing an additional 2,885,370 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Comcast by 31.7% in the 3rd quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock valued at $318,036,000 after purchasing an additional 1,833,453 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Comcast by 6.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after purchasing an additional 1,717,762 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $35.56 on Thursday. The business’s 50 day moving average is $36.17 and its two-hundred day moving average is $39.39. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The firm has a market cap of $134.45 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 1.78 and a beta of 1.00. 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 earnings results 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%. Analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.71%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is 31.81%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CMCSA shares. Morgan Stanley reduced their price objective on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research note on Friday, January 31st. Wells Fargo & Company reduced their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Macquarie reduced their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, 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. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.83.

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.