Toronto Dominion Bank Buys 172,871 Shares of Comcast Co. (NASDAQ:CMCSA)

Toronto Dominion Bank raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,918,095 shares of the cable giant's stock after buying an additional 172,871 shares during the period. Toronto Dominion Bank owned about 0.08% of Comcast worth $109,513,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Five Oceans Advisors increased its stake in Comcast by 2.5% in the 4th 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 during the last quarter. Kovack Advisors Inc. grew its holdings in shares of 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 increased its position in shares of Comcast by 2.0% in the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after acquiring an additional 300 shares during the last quarter. Avitas Wealth Management LLC increased its position in shares of Comcast by 0.6% in 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 last quarter. Finally, Spinnaker Trust raised its holdings in Comcast by 0.9% during the fourth quarter. Spinnaker Trust now owns 36,306 shares of the cable giant's stock worth $1,363,000 after acquiring an additional 340 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CMCSA shares. UBS Group set a $44.50 price target on Comcast in a research note on Friday, April 25th. Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. Benchmark lowered their target price on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Finally, Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Performance

Shares of Comcast stock traded down $0.32 on Wednesday, hitting $34.63. The stock had a trading volume of 19,742,752 shares, compared to its average volume of 21,975,049. The stock has a market cap of $129.30 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth 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 Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The business's 50 day moving average is $34.78 and its two-hundred day moving average is $36.87.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.81%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

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.