Texas Bank & Trust Co Makes New $773,000 Investment in Comcast Co. (NASDAQ:CMCSA)

Texas Bank & Trust Co acquired a new stake in Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent 13F filing 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 hedge funds and other institutional investors have also modified their holdings of the company. Capital World Investors lifted its holdings in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after buying an additional 11,255,683 shares during the last quarter. Norges Bank acquired a new stake in shares of Comcast during the 4th quarter worth about $3,835,226,000. Geode Capital Management LLC lifted its stake in Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares during the last quarter. Dodge & Cox boosted its holdings in Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock valued at $2,968,723,000 after purchasing an additional 5,039,823 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ:CMCSA opened at $35.48 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $132.47 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The firm’s fifty day moving average price is $34.88 and its 200 day moving average price is $37.30. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 earnings per share. On average, sell-side analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on CMCSA shares. The Goldman Sachs Group reduced 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 cut shares of Comcast from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $37.00 to $31.00 in a research report on Monday, April 14th. JPMorgan Chase & Co. dropped their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Citigroup reduced their target price on Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Oppenheimer dropped their price target on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock 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.