Cullen Investment Group LTD. Has $9.04 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Cullen Investment Group LTD. boosted its position in Comcast Co. (NASDAQ:CMCSA) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 240,762 shares of the cable giant’s stock after acquiring an additional 3,005 shares during the period. Comcast accounts for about 1.3% of Cullen Investment Group LTD.’s holdings, making the stock its 19th biggest position. Cullen Investment Group LTD.’s holdings in Comcast were worth $9,036,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fairscale Capital LLC purchased a new stake in Comcast in the 2nd quarter worth approximately $26,000. McClarren Financial Advisors Inc. boosted its holdings in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in Comcast during the 3rd quarter valued at approximately $30,000. Iron Horse Wealth Management LLC raised its stake in shares of Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC lifted its holdings in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CMCSA shares. Pivotal Research increased their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Benchmark reissued a “buy” rating and set a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Price Performance

CMCSA stock opened at $36.45 on Tuesday. The firm has a 50-day moving average of $40.57 and a 200 day moving average of $40.25. Comcast Co. has a 1 year low of $36.24 and a 1 year high of $47.11. The company has a market cap of $139.48 billion, a P/E ratio of 9.80, a PEG ratio of 1.50 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the company earned $1.08 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.40%. Comcast’s dividend payout ratio is presently 33.33%.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

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.