Bank OZK Has $591,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Bank OZK lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,474 shares of the cable giant’s stock after selling 433 shares during the quarter. Bank OZK’s holdings in Comcast were worth $591,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. NewSquare Capital LLC increased its stake in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after buying an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its holdings in shares of Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after buying an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in shares of Comcast during the 4th quarter worth $34,000. Lipe & Dalton bought a new stake in shares of Comcast during the 4th quarter worth $37,000. Finally, First Personal Financial Services bought a new stake in shares of Comcast during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.18% of the stock is currently owned by corporate insiders.

Comcast Trading Up 1.8 %

CMCSA stock traded up $0.70 during midday trading on Friday, reaching $38.57. The stock had a trading volume of 29,783,241 shares, compared to its average volume of 21,514,964. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The firm has a market cap of $153.19 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.92 and a beta of 0.98. The business has a fifty day simple moving average of $41.58 and a two-hundred day simple moving average of $42.57.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) 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 company had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, research analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Analysts Set New Price Targets

CMCSA has been the subject of several recent analyst reports. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Scotiabank cut their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 10th. Wells Fargo & Company lowered their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $49.45.

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.