Cullen Investment Group LTD. Increases Holdings in Comcast Co. (NASDAQ:CMCSA)

Cullen Investment Group LTD. lifted its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 5.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,302 shares of the cable giant's stock after acquiring an additional 13,540 shares during the period. Comcast makes up about 1.4% of Cullen Investment Group LTD.'s holdings, making the stock its 18th largest holding. Cullen Investment Group LTD.'s holdings in Comcast were worth $9,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in CMCSA. Sculati Wealth Management LLC lifted its holdings in shares of Comcast by 0.9% in the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock valued at $1,156,000 after buying an additional 285 shares during the period. Five Oceans Advisors increased its holdings in Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock valued at $463,000 after buying an additional 298 shares in the last quarter. Kovack Advisors Inc. raised its holdings in Comcast by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after purchasing an additional 300 shares during the period. Beck Mack & Oliver LLC raised its holdings in Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after purchasing an additional 300 shares during the period. Finally, Avitas Wealth Management LLC raised its holdings in Comcast by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant's stock worth $2,195,000 after purchasing an additional 328 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Trading Down 1.2%

CMCSA stock traded down $0.43 during midday trading on Monday, hitting $34.15. 7,144,206 shares of the company's stock were exchanged, compared to its average volume of 21,926,931. The business has a 50-day simple moving average of $34.64 and a two-hundred day simple moving average of $36.63. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The stock has a market capitalization of $127.49 billion, a PE ratio of 8.23, a P/E/G ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. The company's revenue was down .6% on a year-over-year basis. On average, sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.87%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CMCSA shares. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a report on Thursday, April 10th. Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Barclays reduced their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Argus cut Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $42.10.

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.