Toronto Dominion Bank Acquires 773,148 Shares of Comcast Corporation (CMCSA)
Toronto Dominion Bank grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 44.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,522,337 shares of the cable giant’s stock after acquiring an additional 773,148 shares during the period. Toronto Dominion Bank’s holdings in Comcast were worth $97,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. MPS Loria Financial Planners LLC bought a new position in Comcast in the 2nd quarter worth $107,000. Clear Perspective Advisors LLC boosted its holdings in Comcast by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after buying an additional 1,362 shares during the period. First Bank & Trust boosted its holdings in Comcast by 84.9% in the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after buying an additional 1,302 shares during the period. Zions Bancorporation boosted its holdings in Comcast by 16.8% in the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in Comcast in the 2nd quarter worth $165,000. 82.13% of the stock is owned by hedge funds and other institutional investors.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $40.61 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The stock has a market cap of $189,800.00, a PE ratio of 19.16, a PEG ratio of 1.85 and a beta of 1.00. Comcast Corporation has a 1 year low of $34.78 and a 1 year high of $42.18.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. sell-side analysts anticipate that Comcast Corporation will post 2.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio is 29.72%.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold a total of 593,402 shares of company stock worth $22,961,401 over the last 90 days. Corporate insiders own 1.28% of the company’s stock.
CMCSA has been the subject of several recent analyst reports. Pivotal Research upped their target price on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Moffett Nathanson raised shares of Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, September 12th. They noted that the move was a valuation call. Barclays dropped their price objective on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, October 27th. KeyCorp reissued a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $49.00 price objective on shares of Comcast in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $46.15.
Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.