Simmons Bank Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Simmons Bank raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 48.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 63,112 shares of the cable giant’s stock after purchasing an additional 20,739 shares during the period. Simmons Bank’s holdings in Comcast were worth $2,767,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Everett Harris & Co. CA raised its stake in shares of Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after acquiring an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. increased its stake in Comcast by 1.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after purchasing an additional 1,486 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in Comcast by 10.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock valued at $5,065,000 after purchasing an additional 10,936 shares in the last quarter. Altus Wealth Group LLC increased its stake in Comcast by 8.3% during the 4th quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock valued at $823,000 after purchasing an additional 1,432 shares in the last quarter. Finally, PFG Advisors increased its stake in Comcast by 28.8% during the 4th quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after purchasing an additional 5,159 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA remained flat at $38.49 during midday trading on Tuesday. 30,572,214 shares of the company’s stock traded hands, compared to its average volume of 21,058,799. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market cap of $151.02 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The stock’s 50-day moving average price is $41.11 and its 200 day moving average price is $42.29.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. Equities research analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CMCSA shares. Wells Fargo & Company cut their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Citigroup cut their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 10th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average target price of $49.60.

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.