Comcast Corporation $CMCSA Shares Bought by TD Asset Management Inc

Key Points

• TD Asset Management Inc has increased its stake in Comcast Corporation by 2.4% during the second quarter, now holding approximately 2.9 million shares valued at $104 million.
• The company recently announced a quarterly dividend of $0.33 per share, representing a 4.4% yield, with the payment date set for October 22nd.
• Comcast's stock has a current market cap of $110.73 billion and reported earnings of $0.77 EPS for the last quarter, with a predicted EPS of 4.33 for the current year.

TD Asset Management Inc raised its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,924,535 shares of the cable giant's stock after buying an additional 68,341 shares during the period. TD Asset Management Inc owned about 0.08% of Comcast worth $104,377,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. QRG Capital Management Inc. lifted its stake in Comcast by 13.0% in the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant's stock worth $25,867,000 after purchasing an additional 83,631 shares in the last quarter. Advisor OS LLC lifted its stake in Comcast by 33.2% in the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock worth $1,308,000 after purchasing an additional 8,841 shares in the last quarter. Aberdeen Group plc lifted its stake in Comcast by 5.4% in the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant's stock worth $103,142,000 after purchasing an additional 147,231 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Comcast by 10.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock worth $47,254,000 after purchasing an additional 118,839 shares in the last quarter. Finally, OMNI 360 Wealth Inc. purchased a new position in Comcast in the 1st quarter worth approximately $335,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 2.0%

Shares of NASDAQ CMCSA opened at $29.99 on Wednesday. The firm has a market cap of $110.73 billion, a price-to-earnings ratio of 4.96, a PEG ratio of 1.74 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 52-week low of $29.39 and a 52-week high of $45.31. The business's 50 day moving average is $32.37 and its two-hundred day moving average is $33.83.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. Research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. Comcast's payout ratio is presently 21.82%.

Analysts Set New Price Targets

Several research firms have recently commented on CMCSA. KeyCorp reduced their price target on shares of Comcast from $45.00 to $43.00 and set an "overweight" rating on the stock in a research report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Monday, October 6th. Arete Research raised shares of Comcast to a "hold" rating in a research report on Tuesday, July 8th. Bank of America reduced their price target on shares of Comcast from $38.00 to $36.00 and set a "neutral" rating on the stock in a research report on Monday, September 29th. Finally, Morgan Stanley set a $35.00 price target on shares of Comcast and gave the company an "equal weight" rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $39.94.

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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