Cullen Frost Bankers Inc. Acquires 16,672 Shares of Comcast Co. (NASDAQ:CMCSA)

Cullen Frost Bankers Inc. increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 510,474 shares of the cable giant’s stock after purchasing an additional 16,672 shares during the period. Cullen Frost Bankers Inc.’s holdings in Comcast were worth $22,384,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Greenwich Wealth Management LLC boosted its holdings in Comcast by 2.6% in the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock valued at $372,000 after purchasing an additional 219 shares during the period. Legend Financial Advisors Inc. raised its position in shares of Comcast by 17.5% during the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after buying an additional 220 shares in the last quarter. Beaumont Asset Management L.L.C. raised its position in shares of Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after buying an additional 226 shares in the last quarter. Keystone Financial Services raised its position in shares of Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after buying an additional 229 shares in the last quarter. Finally, Forum Financial Management LP raised its position in shares of Comcast by 0.4% during the 3rd quarter. Forum Financial Management LP now owns 57,388 shares of the cable giant’s stock valued at $2,545,000 after buying an additional 247 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA remained flat at $38.49 during trading hours on Tuesday. 30,572,214 shares of the stock were exchanged, compared to its average volume of 21,058,799. The firm has a 50 day moving average price of $41.11 and a two-hundred day moving average price of $42.29. The stock has a market cap of $151.02 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts expect that Comcast Co. will post 4.21 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on CMCSA shares. Scotiabank lowered their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday, April 26th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Friday, April 26th. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Wells Fargo & Company lowered their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.60.

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.