Cullinan Associates Inc. Has $4.72 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Cullinan Associates Inc. reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 125,690 shares of the cable giant’s stock after selling 5,396 shares during the quarter. Cullinan Associates Inc.’s holdings in Comcast were worth $4,717,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. AMF Tjanstepension AB increased its holdings in shares of Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after purchasing an additional 132,442 shares during the period. Czech National Bank boosted its position in Comcast by 5.5% in the third quarter. Czech National Bank now owns 786,946 shares of the cable giant’s stock valued at $32,871,000 after buying an additional 41,061 shares in the last quarter. GAMMA Investing LLC boosted its stake in Comcast by 41.9% in the third quarter. GAMMA Investing LLC now owns 55,912 shares of the cable giant’s stock worth $2,335,000 after purchasing an additional 16,507 shares in the last quarter. Diversified Trust Co raised its holdings in Comcast by 16.7% during the 3rd quarter. Diversified Trust Co now owns 208,262 shares of the cable giant’s stock worth $8,699,000 after purchasing an additional 29,730 shares during the last quarter. Finally, Miracle Mile Advisors LLC lifted its holdings in Comcast by 6.1% in the third quarter. Miracle Mile Advisors LLC now owns 8,058 shares of the cable giant’s stock valued at $337,000 after buying an additional 466 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $48.00 to $44.50 in a research note on Monday. KeyCorp boosted their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a report on Friday. Finally, Loop Capital dropped their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Comcast Stock Performance

NASDAQ:CMCSA opened at $33.19 on Tuesday. The company has a market capitalization of $127.00 billion, a P/E ratio of 8.00, a P/E/G ratio of 1.23 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.38. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72. The business has a fifty day simple moving average of $38.61 and a two-hundred day simple moving average of $40.07.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, analysts expect that Comcast Co. will post 4.4 earnings per share for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 29.88%.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on 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 in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

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.