Comcast Corporation $CMCSA Shares Bought by TD Asset Management Inc

TD Asset Management Inc grew its position in Comcast Corporation (NASDAQ:CMCSA) by 7.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,156,212 shares of the cable giant’s stock after acquiring an additional 231,677 shares during the quarter. TD Asset Management Inc owned approximately 0.09% of Comcast worth $99,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CMCSA. Vanguard Group Inc. raised its holdings in shares of Comcast by 0.3% during the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock worth $13,185,275,000 after purchasing an additional 1,257,196 shares during the period. State Street Corp boosted its holdings in shares of Comcast by 2.5% in the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock valued at $6,166,154,000 after buying an additional 4,231,140 shares during the period. Dodge & Cox grew its position in shares of Comcast by 18.1% during the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after buying an additional 17,054,579 shares during the last quarter. Norges Bank acquired a new stake in Comcast during the second quarter worth about $3,528,361,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Comcast by 7.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock worth $1,289,984,000 after acquiring an additional 2,517,906 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Daiwa Securities Group dropped their price target on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. Loop Capital dropped their target price on Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Williams Trading set a $40.00 price target on shares of Comcast in a report on Friday, October 31st. Arete Research set a $23.00 price target on shares of Comcast in a research report on Tuesday, January 6th. Finally, UBS Group cut their price objective on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $34.87.

Comcast Trading Down 2.6%

Shares of CMCSA stock opened at $30.79 on Thursday. The stock has a 50-day simple moving average of $29.82 and a 200 day simple moving average of $30.04. The stock has a market capitalization of $110.78 billion, a P/E ratio of 5.73, a P/E/G ratio of 2.47 and a beta of 0.81. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $37.97. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. Comcast’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 EPS. On average, sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.32% of the company’s stock.

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.