Comcast Corporation $CMCSA Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 22.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,159,312 shares of the cable giant’s stock after selling 1,184,511 shares during the period. Cullen Capital Management LLC owned approximately 0.11% of Comcast worth $124,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Lowe Brockenbrough & Co. Inc. raised its stake in shares of Comcast by 4.9% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock worth $225,000 after purchasing an additional 352 shares during the period. Cora Capital Advisors LLC raised its stake in shares of Comcast by 3.4% during the 4th quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock worth $329,000 after purchasing an additional 362 shares during the period. FSA Advisors Inc. raised its stake in shares of Comcast by 5.5% during the 3rd quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock worth $226,000 after purchasing an additional 376 shares during the period. Oakworth Capital Inc. raised its stake in shares of Comcast by 7.4% during the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock worth $164,000 after purchasing an additional 377 shares during the period. Finally, WPG Advisers LLC raised its stake in shares of Comcast by 15.9% during the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock worth $84,000 after purchasing an additional 384 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 2.2%

Shares of CMCSA opened at $24.50 on Friday. The business has a 50-day moving average of $26.32 and a 200 day moving average of $28.31. Comcast Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $36.66. The firm has a market cap of $87.52 billion, a P/E ratio of 4.82, a price-to-earnings-growth ratio of 1.95 and a beta of 0.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. During the same quarter last year, the firm posted $1.09 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, research analysts forecast that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is presently 25.98%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CMCSA shares. Morgan Stanley lifted their target price on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. New Street Research lowered their target price on Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Royal Bank Of Canada lifted their target price on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Evercore lifted their target price on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Rosenblatt Securities lowered their target price on Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $34.56.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.