TD Asset Management Inc. lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,569,673 shares of the cable giant’s stock after acquiring an additional 81,432 shares during the period. TD Asset Management Inc. owned 0.10% of Comcast worth $161,812,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the company. WP Advisors LLC acquired a new stake in Comcast during the second quarter valued at approximately $105,000. IMA Wealth Inc. acquired a new stake in Comcast during the second quarter valued at approximately $108,000. Prentiss Smith & Co. Inc. lifted its stake in Comcast by 229.5% during the second quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock valued at $108,000 after purchasing an additional 2,295 shares during the last quarter. Acropolis Investment Management LLC acquired a new stake in Comcast during the third quarter valued at approximately $126,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Comcast during the second quarter valued at approximately $129,000. 80.39% of the stock is owned by institutional investors.
In other Comcast news, EVP Arthur R. Block sold 6,448 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total value of $228,775.04. Following the transaction, the executive vice president now owns 74,644 shares in the company, valued at approximately $2,648,369.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total transaction of $38,887.08. Following the completion of the transaction, the executive vice president now owns 62,476 shares in the company, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Citigroup assumed coverage on shares of Comcast in a report on Wednesday, October 24th. They set a “buy” rating and a $48.00 price target on the stock. MED assumed coverage on shares of Comcast in a report on Wednesday, October 24th. They set a “buy” rating and a $43.00 price target on the stock. They noted that the move was a valuation call. Finally, Robert W. Baird cut their price target on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, July 30th. Nine analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $44.71.
Comcast stock opened at $38.02 on Tuesday. The company has a market capitalization of $174.91 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 1.19 and a beta of 0.93. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $44.00.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The firm had revenue of $22.14 billion for the quarter, compared to analyst estimates of $21.75 billion. Comcast had a net margin of 27.33% and a return on equity of 15.79%. Equities research analysts forecast that Comcast Co. will post 2.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.76 annualized dividend and a yield of 2.00%. Comcast’s dividend payout ratio is presently 36.89%.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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