Cullen Frost Bankers Inc. Sells 71,283 Shares of Comcast Corporation (NASDAQ:CMCSA)

Cullen Frost Bankers Inc. lessened its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 16.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 363,125 shares of the cable giant's stock after selling 71,283 shares during the period. Cullen Frost Bankers Inc.'s holdings in Comcast were worth $13,399,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. OMNI 360 Wealth Inc. acquired a new stake in Comcast in the 1st quarter valued at approximately $335,000. Aviva PLC increased its position in shares of Comcast by 7.2% during the 4th quarter. Aviva PLC now owns 2,327,702 shares of the cable giant's stock valued at $87,359,000 after purchasing an additional 156,986 shares during the period. DAVENPORT & Co LLC increased its position in shares of Comcast by 41.7% during the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock valued at $157,766,000 after purchasing an additional 1,261,278 shares during the period. Geode Capital Management LLC increased its position in shares of Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after purchasing an additional 1,006,272 shares during the period. Finally, Transcend Capital Advisors LLC increased its position in shares of Comcast by 21.7% during the 1st quarter. Transcend Capital Advisors LLC now owns 76,791 shares of the cable giant's stock valued at $2,834,000 after purchasing an additional 13,678 shares during the period. Institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

CMCSA stock traded down $0.16 during mid-day trading on Friday, hitting $34.54. 14,787,636 shares of the company were exchanged, compared to its average volume of 21,925,448. The business has a 50 day simple moving average of $35.00 and a 200-day simple moving average of $35.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $128.96 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.68 and a beta of 0.95. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results 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 net margin of 12.72% and a return on equity of 19.70%. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The firm's quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CMCSA. Scotiabank raised their price objective on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Bernstein Bank decreased their target price on Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. Rosenblatt Securities restated a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a report on Monday, April 28th. Rothschild & Co Redburn cut their target price on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Finally, New Street Research dropped their price objective on Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of "Hold" and a consensus price target of $41.10.

Comcast Company 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.