TD Private Client Wealth LLC Cuts Stake in Comcast Corporation (NASDAQ:CMCSA)

TD Private Client Wealth LLC trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Advisors Inc. OK raised its holdings in shares of Comcast by 45.5% during the first quarter. Capital Advisors Inc. OK now owns 11,791 shares of the cable giant's stock valued at $435,000 after acquiring an additional 3,689 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. increased its position in shares of Comcast by 7.8% during the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 515,198 shares of the cable giant's stock worth $19,011,000 after purchasing an additional 37,122 shares in the last quarter. Argentarii LLC raised its stake in Comcast by 23.5% in the 1st quarter. Argentarii LLC now owns 25,301 shares of the cable giant's stock valued at $934,000 after purchasing an additional 4,812 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in Comcast by 39.7% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 9,746 shares of the cable giant's stock valued at $360,000 after purchasing an additional 2,768 shares in the last quarter. Finally, Core Alternative Capital lifted its holdings in Comcast by 10.6% in the 1st quarter. Core Alternative Capital now owns 4,806 shares of the cable giant's stock valued at $177,000 after purchasing an additional 462 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CMCSA shares. Rothschild & Co Redburn dropped their target price on shares of Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group decreased their target price on shares of Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Citigroup cut their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, BNP Paribas Exane cut their price objective on Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $40.96.

Comcast Stock Down 1.1%

Comcast stock traded down $0.38 during trading on Wednesday, reaching $35.62. The stock had a trading volume of 14,740,741 shares, compared to its average volume of 21,997,488. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The business has a 50 day moving average price of $34.89 and a 200 day moving average price of $35.47. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market cap of $132.99 billion, a PE ratio of 8.75, a P/E/G ratio of 1.74 and a beta of 0.95.

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, beating the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period in the prior year, the firm posted $1.04 earnings per share. The firm's revenue was down .6% on a year-over-year basis. On average, analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.71%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

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.