Bank of The Ozarks Boosts Holdings in Comcast Co. (CMCSA)
Bank of The Ozarks boosted its position in Comcast Co. (NASDAQ:CMCSA) by 3.9% in the fourth quarter, HoldingsChannel reports. The firm owned 39,058 shares of the cable giant’s stock after buying an additional 1,467 shares during the quarter. Bank of The Ozarks’ holdings in Comcast were worth $1,565,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Wealthcare Advisory Partners LLC bought a new position in shares of Comcast during the third quarter valued at $104,000. Vigilant Capital Management LLC increased its holdings in shares of Comcast by 474.2% during the fourth quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after acquiring an additional 2,134 shares in the last quarter. Clear Perspective Advisors LLC increased its holdings in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC bought a new position in shares of Comcast during the second quarter valued at $107,000. Finally, Tower View Investment Management & Research LLC bought a new position in shares of Comcast during the fourth quarter valued at $109,000. Institutional investors and hedge funds own 83.59% of the company’s stock.
Several equities analysts have recently weighed in on the company. Pivotal Research restated a “buy” rating and set a $52.00 price target on shares of Comcast in a report on Wednesday, January 24th. Bank of America raised their price target on Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, January 25th. TD Securities raised their price target on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Wells Fargo & Co raised their price target on Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Barclays set a $43.00 price target on Comcast and gave the company a “buy” rating in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $50.39.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.89 earnings per share. analysts predict that Comcast Co. will post 2.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.09%. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is presently 30.00%.
In other Comcast news, EVP David N. Watson sold 131,447 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $36.79, for a total value of $4,835,935.13. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the transaction, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders sold 915,605 shares of company stock worth $35,906,374 over the last three months. Insiders own 1.28% of the company’s stock.
Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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