Toronto Dominion Bank Has $68.07 Million Holdings in Comcast Corporation (CMCSA)
Toronto Dominion Bank lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 22.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,749,189 shares of the cable giant’s stock after buying an additional 318,678 shares during the period. Toronto Dominion Bank’s holdings in Comcast were worth $68,074,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Comcast by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after buying an additional 8,677,771 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Comcast by 97.6% during the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after purchasing an additional 48,147,456 shares during the period. Bank of New York Mellon Corp raised its position in shares of Comcast by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after purchasing an additional 680,012 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Comcast by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 52,622,437 shares of the cable giant’s stock worth $2,048,075,000 after purchasing an additional 522,139 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Comcast by 6.0% during the second quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock worth $1,273,100,000 after purchasing an additional 1,839,436 shares during the period. 82.50% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on the company. Moffett Nathanson reaffirmed a “buy” rating on shares of Comcast in a research report on Monday, October 16th. OTR Global lowered Comcast to a “positive” rating in a research report on Monday, October 30th. Buckingham Research began coverage on Comcast in a research report on Monday, November 20th. They set a “buy” rating and a $48.00 target price on the stock. Wells Fargo & Company reissued a “buy” rating and set a $49.00 price target on shares of Comcast in a research report on Monday, October 23rd. Finally, Nomura dropped their price target on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $45.72.
In other news, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the sale, the executive vice president now owns 68,478 shares in the company, valued at approximately $2,626,816.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.28% of the company’s stock.
Comcast Corporation (NASDAQ:CMCSA) opened at $39.12 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Corporation has a 52 week low of $34.12 and a 52 week high of $42.18. The company has a market capitalization of $180,314.09, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.84 and a beta of 1.01.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. equities research analysts forecast that Comcast Corporation will post 2.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.61%. Comcast’s dividend payout ratio (DPR) is currently 30.36%.
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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.
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