Amalgamated Bank increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 10.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 672,935 shares of the cable giant’s stock after purchasing an additional 60,961 shares during the quarter. Comcast accounts for about 0.6% of Amalgamated Bank’s investment portfolio, making the stock its 26th largest holding. Amalgamated Bank’s holdings in Comcast were worth $22,994,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in CMCSA. Halbert Hargrove Russell LLC increased its position in Comcast by 20.0% in the fourth quarter. Halbert Hargrove Russell LLC now owns 7,719 shares of the cable giant’s stock worth $309,000 after buying an additional 1,285 shares during the period. NTV Asset Management LLC increased its position in Comcast by 13.4% in the fourth quarter. NTV Asset Management LLC now owns 10,933 shares of the cable giant’s stock worth $438,000 after buying an additional 1,296 shares during the period. Brightworth increased its position in Comcast by 11.1% in the fourth quarter. Brightworth now owns 13,030 shares of the cable giant’s stock worth $522,000 after buying an additional 1,300 shares during the period. GM Advisory Group Inc. increased its position in Comcast by 24.3% in the fourth quarter. GM Advisory Group Inc. now owns 6,778 shares of the cable giant’s stock worth $271,000 after buying an additional 1,324 shares during the period. Finally, Alps Advisors Inc. increased its position in Comcast by 5.2% in the fourth quarter. Alps Advisors Inc. now owns 27,363 shares of the cable giant’s stock worth $1,096,000 after buying an additional 1,364 shares during the period. Hedge funds and other institutional investors own 81.49% of the company’s stock.
In other news, SVP Daniel C. Murdock sold 916 shares of the firm’s stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $33.20, for a total transaction of $30,411.20. Following the completion of the sale, the senior vice president now directly owns 2,120 shares of the company’s stock, valued at approximately $70,384. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 6,358 shares of the firm’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $33.69, for a total value of $214,201.02. Following the sale, the executive vice president now directly owns 72,758 shares of the company’s stock, valued at $2,451,217.02. The disclosure for this sale can be found here. Insiders have sold a total of 8,968 shares of company stock valued at $297,211 over the last 90 days. Corporate insiders own 1.31% of the company’s stock.
Shares of Comcast opened at $32.79 on Friday, according to MarketBeat Ratings. Comcast Co. has a one year low of $30.43 and a one year high of $44.00. The stock has a market cap of $152.39 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.98 and a quick ratio of 0.98.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, April 25th. The cable giant reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. Comcast had a return on equity of 16.14% and a net margin of 26.79%. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.74 billion. During the same period last year, the company posted $0.53 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. equities analysts expect that Comcast Co. will post 2.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 25th. Shareholders of record on Tuesday, July 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Monday, July 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 2.32%. Comcast’s payout ratio is presently 36.89%.
A number of research analysts have recently commented on the company. Raymond James lowered Comcast from an “outperform” rating to a “market perform” rating and raised their price target for the company from $44.00 to $63.00 in a report on Wednesday, June 13th. Cowen assumed coverage on Comcast in a report on Monday, March 26th. They set a “market perform” rating and a $39.00 price target on the stock. BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 24th. KeyCorp assumed coverage on Comcast in a report on Wednesday, May 16th. They set a “buy” rating and a $38.00 price target on the stock. They noted that the move was a valuation call. Finally, Nomura lowered their price target on Comcast to $40.00 and set a “neutral” rating on the stock in a report on Monday, April 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.57.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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