TD Private Client Wealth LLC cut its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,017 shares of the cable giant's stock after selling 7,804 shares during the quarter. TD Private Client Wealth LLC's holdings in Comcast were worth $4,576,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in CMCSA. Inlight Wealth Management LLC purchased a new stake in shares of Comcast in the first quarter worth about $26,000. Retirement Wealth Solutions LLC increased its position 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 last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Comcast in the fourth quarter worth approximately $33,000. Global Wealth Strategies & Associates increased its position 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 last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Comcast in the fourth quarter worth approximately $36,000. 84.32% of the stock is owned by hedge funds and other institutional investors.
Comcast Trading Down 1.1%
CMCSA stock traded down $0.39 on Friday, reaching $35.04. The company's stock had a trading volume of 3,030,611 shares, compared to its average volume of 21,907,429. The business has a fifty day simple moving average of $34.95 and a two-hundred day simple moving average of $35.46. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31. The firm has a market cap of $130.81 billion, a PE ratio of 8.61, a PEG ratio of 1.72 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same quarter last year, the firm posted $1.04 earnings per share. The firm's revenue was down .6% on a year-over-year basis. As a group, research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.
Comcast Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. UBS Group set a $44.50 price objective on shares of Comcast in a research report on Friday, April 25th. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research report on Friday, April 25th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Scotiabank restated a "sector perform" rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. Finally, The Goldman Sachs Group reduced their price target on shares of Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of "Hold" and an average target price of $40.96.
Read Our Latest Report on Comcast
Comcast Company Profile
(
Free Report)
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.
Recommended Stories

Before you consider Comcast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comcast wasn't on the list.
While Comcast currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.