Bank OZK Sells 433 Shares of Comcast Co. (NASDAQ:CMCSA)

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

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

Comcast Price Performance

NASDAQ:CMCSA traded up $0.70 during midday trading on Friday, hitting $38.57. The company had a trading volume of 29,783,241 shares, compared to its average volume of 21,514,964. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The stock’s fifty day moving average price is $41.58 and its 200-day moving average price is $42.57. The company has a market capitalization of $153.19 billion, a PE ratio of 10.20, a P/E/G ratio of 0.92 and a beta of 0.98. 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 (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $29.83 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s quarterly 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 earnings per share for the current year.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on CMCSA. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Scotiabank lowered their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday. Evercore ISI reissued an “outperform” rating and set a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Citigroup boosted their target price on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.45.

Comcast 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.