TD Asset Management Inc Buys 220,200 Shares of Comcast Corporation $CMCSA

TD Asset Management Inc increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,376,412 shares of the cable giant’s stock after purchasing an additional 220,200 shares during the quarter. TD Asset Management Inc owned 0.09% of Comcast worth $100,921,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CMCSA. Cibc World Market Inc. boosted its holdings in Comcast by 2.5% during the 4th quarter. Cibc World Market Inc. now owns 917,388 shares of the cable giant’s stock valued at $25,687,000 after acquiring an additional 22,348 shares during the period. CIBC Asset Management Inc boosted its holdings in Comcast by 54.5% during the 4th quarter. CIBC Asset Management Inc now owns 1,914,600 shares of the cable giant’s stock valued at $57,227,000 after acquiring an additional 675,546 shares during the period. Marble Wealth LLC purchased a new position in Comcast during the 4th quarter valued at $467,000. Mccarter Private Wealth Services LLC boosted its holdings in Comcast by 39.7% during the 4th quarter. Mccarter Private Wealth Services LLC now owns 13,931 shares of the cable giant’s stock valued at $416,000 after acquiring an additional 3,962 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Comcast by 6.2% during the 4th quarter. Bank of New York Mellon Corp now owns 27,446,578 shares of the cable giant’s stock valued at $820,378,000 after acquiring an additional 1,609,451 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $23.33 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $83.34 billion, a price-to-earnings ratio of 4.59, a P/E/G ratio of 1.91 and a beta of 0.67. Comcast Corporation has a twelve month low of $23.13 and a twelve month high of $36.66. The stock has a fifty day simple moving average of $26.87 and a two-hundred day simple moving average of $28.45.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS. On average, analysts predict that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CMCSA shares. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a report on Friday, April 24th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 target price on shares of Comcast in a report on Thursday, April 23rd. Citigroup upped their target price on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average price target of $34.79.

About Comcast

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.