Amalgamated Bank Lowers Position in Comcast Corporation $CMCSA

Amalgamated Bank lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 723,746 shares of the cable giant’s stock after selling 12,174 shares during the period. Amalgamated Bank’s holdings in Comcast were worth $25,830,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CMCSA. QRG Capital Management Inc. grew its holdings in Comcast by 13.0% in the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after purchasing an additional 83,631 shares during the last quarter. Advisor OS LLC raised its position in Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after acquiring an additional 8,841 shares during the last quarter. Aberdeen Group plc raised its position in Comcast by 5.4% during the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after acquiring an additional 147,231 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position in Comcast by 10.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after acquiring an additional 118,839 shares during the last quarter. Finally, Davidson Investment Advisors raised its position in Comcast by 37.4% during the second quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock worth $16,335,000 after acquiring an additional 124,484 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $28.53 on Thursday. The company has a market capitalization of $105.34 billion, a PE ratio of 4.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. The firm has a fifty day simple moving average of $31.65 and a 200-day simple moving average of $33.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a twelve month low of $28.46 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. Equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 target price for the company. KeyCorp cut their target price on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Rosenblatt Securities cut their price objective on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.52.

Comcast 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.