TD Private Client Wealth LLC Lowers Stock Position in Comcast Corporation (NASDAQ:CMCSA)

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.

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.