Texas Bank & Trust Co Increases Stock Holdings in Comcast Corporation $CMCSA

Texas Bank & Trust Co increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 11.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 30,649 shares of the cable giant’s stock after acquiring an additional 3,185 shares during the period. Texas Bank & Trust Co’s holdings in Comcast were worth $1,094,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Nuveen LLC purchased a new stake in shares of Comcast during the first quarter valued at approximately $940,015,000. Dodge & Cox grew its holdings in Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Pacer Advisors Inc. increased its stake in Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after buying an additional 12,586,329 shares during the period. Acadian Asset Management LLC lifted its holdings in Comcast by 119.1% in the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after buying an additional 4,128,434 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Comcast by 76.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 9,440,738 shares of the cable giant’s stock worth $348,363,000 after buying an additional 4,096,382 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Benchmark reduced their price target on Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday. Citigroup cut their target price on Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday. TD Cowen decreased their price target on shares of Comcast from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Friday. Evercore ISI dropped their price target on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Comcast in a report on Friday. Eleven analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus target price of $36.74.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $27.83 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $102.75 billion, a price-to-earnings ratio of 4.63, a price-to-earnings-growth ratio of 1.89 and a beta of 0.94. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $45.31. The business has a 50 day simple moving average of $31.40 and a 200-day simple moving average of $33.32.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion during the quarter. As a group, equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. Comcast’s payout ratio is 21.96%.

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.