Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank increased its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,918,095 shares of the cable giant's stock after acquiring an additional 172,871 shares during the quarter. Toronto Dominion Bank owned approximately 0.08% of Comcast worth $109,513,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Integrated Investment Consultants LLC boosted its holdings in Comcast by 1.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock valued at $622,000 after purchasing an additional 291 shares in the last quarter. Five Oceans Advisors increased its stake in shares of Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock valued at $463,000 after buying an additional 298 shares in the last quarter. Kovack Advisors Inc. increased its position in Comcast by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after acquiring an additional 300 shares in the last quarter. Beck Mack & Oliver LLC raised its position in Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after purchasing an additional 300 shares during the last quarter. Finally, Avitas Wealth Management LLC lifted its stake in shares of Comcast by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant's stock valued at $2,195,000 after acquiring an additional 328 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $35.48 on Friday. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31. The company's fifty day simple moving average is $34.88 and its 200-day simple moving average is $37.30. The firm has a market cap of $132.47 billion, a PE ratio of 8.55, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. Equities research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. BNP Paribas lowered shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a report on Thursday, April 10th. Bank of America cut shares of Comcast from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $50.00 to $38.00 in a report on Friday, January 31st. Rosenblatt Securities reiterated a "neutral" rating and issued a $36.00 target price on shares of Comcast in a report on Monday, April 28th. Wells Fargo & Company lowered shares of Comcast from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $37.00 to $31.00 in a report on Monday, April 14th. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

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