TD Asset Management Inc Has $105.39 Million Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• TD Asset Management Inc reduced its stake in Comcast Corporation (NASDAQ:CMCSA) by 18.2% in the 1st quarter, ending up with 2,856,194 shares valued at $105.39 million after selling 635,423 shares.
• Comcast's quarterly earnings report showed an EPS of $1.09, exceeding analysts' expectations of $1.01, with a revenue of $29.89 billion compared to a consensus estimate of $29.82 billion.
• The company announced a quarterly dividend of $0.33 per share, resulting in an annualized dividend yield of 3.92%.

TD Asset Management Inc cut its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 18.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,856,194 shares of the cable giant's stock after selling 635,423 shares during the quarter. TD Asset Management Inc owned about 0.08% of Comcast worth $105,394,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new stake in shares of Comcast in the first quarter worth $26,000. Abound Financial LLC acquired a new stake in shares of Comcast in the first quarter worth $29,000. Retirement Wealth Solutions LLC increased its stake in shares of Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after purchasing an additional 448 shares during the period. Mpwm Advisory Solutions LLC bought a new position in shares of Comcast in the fourth quarter worth about $33,000. Finally, Global Wealth Strategies & Associates increased its stake in shares of Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after purchasing an additional 600 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

NASDAQ CMCSA traded up $0.27 on Wednesday, hitting $33.10. 12,380,077 shares of the company were exchanged, compared to its average volume of 24,261,721. The firm has a 50 day moving average of $34.91 and a two-hundred day moving average of $35.18. The company has a market cap of $123.57 billion, a P/E ratio of 8.14, a P/E/G ratio of 1.63 and a beta of 0.95. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.99%. Comcast's payout ratio is presently 32.43%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CMCSA. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a research note on Thursday, April 10th. BNP Paribas Exane dropped their price objective on Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a research note on Friday, April 25th. Bernstein Bank dropped their target price on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Evercore ISI dropped their target price on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Arete Research raised shares of Comcast to a "hold" rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $41.13.

Comcast 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.