TD Asset Management Inc Raises Stock Holdings in Comcast Corporation $CMCSA

TD Asset Management Inc increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.0% in the fourth quarter, HoldingsChannel reports. The firm owned 3,376,412 shares of the cable giant’s stock after buying an additional 220,200 shares during the period. TD Asset Management Inc’s holdings in Comcast were worth $100,921,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CMCSA. Imprint Wealth LLC acquired a new position in Comcast during the 3rd quarter valued at about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Comcast during the 4th quarter valued at about $27,000. United Financial Planning Group LLC acquired a new position in Comcast during the 3rd quarter valued at about $28,000. Olistico Wealth LLC acquired a new position in Comcast during the 4th quarter valued at about $29,000. Finally, Richardson Financial Services Inc. increased its position in Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after buying an additional 691 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Down 0.8%

Comcast stock opened at $23.33 on Friday. The firm has a market cap of $83.34 billion, a price-to-earnings ratio of 4.59, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67. Comcast Corporation has a 52 week low of $23.13 and a 52 week high of $36.66. The business’s 50-day moving average price is $26.87 and its 200 day moving average price is $28.45. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share. As a group, sell-side analysts anticipate that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is 25.98%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a research report on Friday, April 24th. Royal Bank Of Canada upped their target price on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Wall Street Zen raised Comcast to a “hold” rating in a research report on Saturday, March 14th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 price objective on shares of Comcast in a report on Thursday, April 23rd. Nine analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus price target of $34.79.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.