Amalgamated Bank Sells 25,354 Shares of Comcast Co. (NASDAQ:CMCSA)

Amalgamated Bank lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 763,872 shares of the cable giant’s stock after selling 25,354 shares during the quarter. Amalgamated Bank’s holdings in Comcast were worth $31,907,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Koshinski Asset Management Inc. increased its holdings in shares of Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after buying an additional 249 shares during the last quarter. Regent Peak Wealth Advisors LLC raised its position in Comcast by 3.1% in the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after purchasing an additional 257 shares during the period. Abich Financial Wealth Management LLC grew its holdings in shares of Comcast by 4.7% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after purchasing an additional 260 shares during the period. Greenwich Wealth Management LLC lifted its position in Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after buying an additional 261 shares during the last quarter. Finally, Saxon Interests Inc. increased its position in shares of Comcast by 2.0% during the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after acquiring an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 2.4 %

Shares of NASDAQ:CMCSA opened at $42.53 on Tuesday. The firm has a fifty day moving average price of $40.85 and a 200 day moving average price of $39.60. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The stock has a market capitalization of $164.70 billion, a PE ratio of 11.43, a P/E/G ratio of 1.14 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same period in the previous year, the company earned $1.08 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts expect that Comcast Co. will post 4.27 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent analyst reports. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $47.75 to $48.00 in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday. KeyCorp increased their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company boosted their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.75.

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.