Amalgamated Bank lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 575,752 shares of the cable giant’s stock after selling 14,091 shares during the period. Amalgamated Bank’s holdings in Comcast were worth $20,387,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Alps Advisors Inc. increased its position in shares of Comcast by 76.7% during the 2nd quarter. Alps Advisors Inc. now owns 27,363 shares of the cable giant’s stock valued at $1,096,000 after purchasing an additional 11,878 shares during the last quarter. Kovack Advisors Inc. bought a new position in shares of Comcast during the 2nd quarter valued at about $343,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Comcast by 5.6% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,715,731 shares of the cable giant’s stock valued at $121,913,000 after purchasing an additional 197,926 shares during the last quarter. Integrated Investment Consultants LLC increased its position in shares of Comcast by 13.7% during the 2nd quarter. Integrated Investment Consultants LLC now owns 13,154 shares of the cable giant’s stock valued at $432,000 after purchasing an additional 1,584 shares during the last quarter. Finally, TCW Group Inc. increased its position in shares of Comcast by 0.9% during the 2nd quarter. TCW Group Inc. now owns 4,634,328 shares of the cable giant’s stock valued at $152,053,000 after purchasing an additional 42,958 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.
In other Comcast news, EVP Arthur R. Block sold 6,448 shares of the stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total value of $228,775.04. Following the completion of the sale, the executive vice president now owns 74,644 shares in the company, valued at approximately $2,648,369.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Arthur R. Block sold 1,082 shares of the stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $35.94, for a total value of $38,887.08. Following the completion of the sale, the executive vice president now owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. Company insiders own 1.31% of the company’s stock.
NASDAQ CMCSA opened at $37.41 on Friday. Comcast Co. has a fifty-two week low of $30.43 and a fifty-two week high of $44.00. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $175.05 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. Comcast had a return on equity of 15.79% and a net margin of 27.33%. The business had revenue of $22.14 billion during the quarter, compared to analysts’ expectations of $21.75 billion. As a group, research analysts expect that Comcast Co. will post 2.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.03%. The ex-dividend date is Monday, December 31st. Comcast’s dividend payout ratio (DPR) is currently 36.89%.
CMCSA has been the topic of several recent research reports. Pivotal Research reiterated a “buy” rating on shares of Comcast in a research report on Friday, August 10th. ValuEngine upgraded Comcast from a “strong sell” rating to a “sell” rating in a research report on Monday, September 17th. UBS Group lowered Comcast from an “outperform” rating to a “market perform” rating in a research report on Monday, September 24th. Oppenheimer restated a “market perform” rating and set a $42.00 price target on shares of Comcast in a research report on Monday, September 24th. Finally, Moffett Nathanson restated a “neutral” rating and set a $36.00 price target on shares of Comcast in a research report on Monday, September 24th. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $44.61.
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Comcast Company Profile
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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