Cullen Frost Bankers Inc. Grows Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Cullen Frost Bankers Inc. lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CMCSA. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Comcast by 17.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,316,171 shares of the cable giant’s stock worth $191,379,000 after purchasing an additional 634,878 shares in the last quarter. NBT Bank N A NY raised its holdings in Comcast by 11.4% in the third quarter. NBT Bank N A NY now owns 36,482 shares of the cable giant’s stock valued at $1,618,000 after acquiring an additional 3,731 shares in the last quarter. River Street Advisors LLC raised its holdings in Comcast by 3.1% in the third quarter. River Street Advisors LLC now owns 11,888 shares of the cable giant’s stock valued at $527,000 after acquiring an additional 361 shares in the last quarter. Chemung Canal Trust Co. raised its holdings in Comcast by 9.8% in the third quarter. Chemung Canal Trust Co. now owns 113,051 shares of the cable giant’s stock valued at $5,013,000 after acquiring an additional 10,088 shares in the last quarter. Finally, Advisor Partners II LLC raised its holdings in Comcast by 11.3% in the third quarter. Advisor Partners II LLC now owns 275,519 shares of the cable giant’s stock valued at $12,217,000 after acquiring an additional 28,042 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research reports. Citigroup decreased their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. BNP Paribas reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Scotiabank cut their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Price Performance

Shares of Comcast stock remained flat at $38.49 during midday trading on Tuesday. The stock had a trading volume of 30,572,214 shares, compared to its average volume of 21,058,799. The stock has a market cap of $151.02 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 0.97 and a beta of 0.99. The company’s fifty day simple moving average is $41.11 and its 200-day simple moving average is $42.29. 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 1-year low of $36.43 and a 1-year high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. Comcast’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 earnings per share. As a group, sell-side analysts predict that Comcast Co. will post 4.21 earnings per share for the current year.

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.