Texas Bank & Trust Co Buys New Holdings in Comcast Co. (NASDAQ:CMCSA)

Texas Bank & Trust Co acquired a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,588 shares of the cable giant's stock, valued at approximately $773,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of Comcast during the fourth quarter valued at approximately $743,681,000. Bfsg LLC grew its position in Comcast by 752.8% in the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock valued at $3,129,000 after acquiring an additional 73,590 shares during the last quarter. Mission Wealth Management LP lifted its position in shares of Comcast by 8.3% during the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock worth $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Robinson Value Management Ltd. boosted its stake in shares of Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after purchasing an additional 59,107 shares during the period. Finally, Private Management Group Inc. grew its holdings in shares of Comcast by 3.0% in the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant's stock worth $32,118,000 after purchasing an additional 24,827 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Stock Down 0.0%

Shares of Comcast stock traded down $0.00 during trading on Friday, reaching $34.59. The company's stock had a trading volume of 4,637,258 shares, compared to its average volume of 21,874,198. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The company has a 50-day simple moving average of $34.87 and a two-hundred day simple moving average of $37.12. 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 company has a market cap of $129.15 billion, a price-to-earnings ratio of 8.33, 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 results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share. As a group, equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

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

Wall Street Analyst Weigh In

CMCSA has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $37.00 to $31.00 in a report on Monday, April 14th. BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a report on Thursday, April 10th. Scotiabank reiterated a "sector perform" rating and issued a $44.50 target price (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Finally, Barclays dropped their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Comcast 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.