Amalgamated Bank Decreases Position in Comcast Co. (NASDAQ:CMCSA)

Amalgamated Bank lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 735,929 shares of the cable giant’s stock after selling 27,943 shares during the quarter. Amalgamated Bank’s holdings in Comcast were worth $27,619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CMCSA. AMF Tjanstepension AB raised its stake in Comcast by 18.9% in the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after buying an additional 132,442 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Comcast by 10.6% during the third quarter. Arkadios Wealth Advisors now owns 23,070 shares of the cable giant’s stock worth $964,000 after purchasing an additional 2,211 shares during the last quarter. Smith Salley Wealth Management increased its stake in Comcast by 1.3% in the third quarter. Smith Salley Wealth Management now owns 26,323 shares of the cable giant’s stock valued at $1,100,000 after purchasing an additional 337 shares during the last quarter. First Financial Bankshares Inc increased its stake in Comcast by 1.7% in the third quarter. First Financial Bankshares Inc now owns 819,590 shares of the cable giant’s stock valued at $34,234,000 after purchasing an additional 13,418 shares during the last quarter. Finally, Hibernia Wealth Partners LLC acquired a new stake in Comcast during the third quarter worth approximately $203,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of CMCSA opened at $36.30 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a 50-day simple moving average of $36.52 and a 200-day simple moving average of $39.57. The company has a market capitalization of $137.25 billion, a PE ratio of 8.75, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities research analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.64%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 31.81%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CMCSA shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $48.00 to $44.50 in a report on Monday, February 3rd. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.83.

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.