TD Private Client Wealth LLC Has $4.58 Million Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

TD Private Client Wealth LLC lessened its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 5.9% during the 1st quarter, according to its most recent 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 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CMCSA. Capital World Investors increased its holdings in shares of Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares during the period. Norges Bank bought a new position in shares of Comcast during the 4th quarter worth about $3,835,226,000. Geode Capital Management LLC increased its holdings in shares of Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares during the period. Dodge & Cox increased its holdings in shares of Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after purchasing an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of CMCSA stock traded up $0.56 during trading hours on Tuesday, reaching $36.00. 12,651,470 shares of the company were exchanged, compared to its average volume of 21,994,856. Comcast Corporation has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The stock's fifty day moving average is $34.85 and its two-hundred day moving average is $35.47. The company has a market cap of $134.41 billion, a price-to-earnings ratio of 8.85, a P/E/G ratio of 1.74 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same period last year, the firm earned $1.04 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. Sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.67%. Comcast's payout ratio is presently 32.43%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of analyst reports. Citigroup lowered their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. BNP Paribas Exane lowered their target price on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered their target price on shares of Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. UBS Group set a $44.50 target price on shares of Comcast in a research note on Friday, April 25th. Finally, TD Cowen lowered their target price on shares of Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $40.96.

About Comcast

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.