Toronto Dominion Bank Grows Stock Position in Comcast Co. (NASDAQ:CMCSA)

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Toronto Dominion Bank increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,372,303 shares of the cable giant’s stock after buying an additional 4,050 shares during the quarter. Toronto Dominion Bank owned about 0.10% of Comcast worth $141,849,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CMCSA. Rockbridge Investment Management LCC purchased a new stake in shares of Comcast during the 2nd quarter valued at approximately $29,000. Asset Advisors Investment Management LLC acquired a new stake in Comcast in the 2nd quarter valued at approximately $32,000. Financial Management Professionals Inc. acquired a new stake in Comcast in the 2nd quarter valued at approximately $33,000. Evolution Wealth Advisors LLC increased its holdings in Comcast by 68.5% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 841 shares of the cable giant’s stock valued at $33,000 after purchasing an additional 342 shares during the last quarter. Finally, Disciplined Investments LLC increased its holdings in Comcast by 59.1% in the 1st quarter. Disciplined Investments LLC now owns 1,088 shares of the cable giant’s stock valued at $37,000 after purchasing an additional 404 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on CMCSA shares. Citigroup lifted their target price on shares of Comcast from $48.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a report on Friday. Deutsche Bank lifted their target price on shares of Comcast from $47.00 to $53.00 in a report on Monday, August 3rd. Benchmark reiterated a “buy” rating and issued a $54.00 target price on shares of Comcast in a report on Friday, May 22nd. Finally, Pivotal Research restated a “buy” rating and issued a $52.00 price target on shares of Comcast in a research note on Thursday, July 30th. Nine research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $48.41.

Shares of CMCSA stock traded up $1.19 on Tuesday, reaching $46.46. 18,414,723 shares of the stock were exchanged, compared to its average volume of 22,663,068. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.25. The business’s 50 day moving average price is $43.72 and its 200 day moving average price is $39.84. The company has a market capitalization of $206.80 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.91 and a beta of 0.95. Comcast Co. has a twelve month low of $31.70 and a twelve month high of $47.74.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 30th. The cable giant reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The firm had revenue of $23.72 billion during the quarter, compared to the consensus estimate of $23.56 billion. Comcast had a net margin of 10.91% and a return on equity of 16.66%. The company’s revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Equities research analysts forecast that Comcast Co. will post 2.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.98%. Comcast’s payout ratio is currently 29.39%.

In other news, CEO Jeff Shell sold 99,484 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $42.91, for a total value of $4,268,858.44. Corporate insiders own 1.14% of the company’s stock.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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