Toronto Dominion Bank Purchases 197,031 Shares of Comcast Co. (NASDAQ:CMCSA)

Toronto Dominion Bank increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,745,224 shares of the cable giant’s stock after buying an additional 197,031 shares during the quarter. Toronto Dominion Bank owned about 0.07% of Comcast worth $114,668,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. ORG Partners LLC boosted its holdings in shares of Comcast by 1,114.9% in the second quarter. ORG Partners LLC now owns 3,098 shares of the cable giant’s stock worth $118,000 after buying an additional 2,843 shares during the last quarter. IAG Wealth Partners LLC lifted its position in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new stake in Comcast during the second quarter valued at about $300,000. Blackston Financial Advisory Group LLC increased its position in Comcast by 314.0% in the second quarter. Blackston Financial Advisory Group LLC now owns 6,483 shares of the cable giant’s stock worth $254,000 after buying an additional 4,917 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its stake in shares of Comcast by 10.0% in the second quarter. Archford Capital Strategies LLC now owns 31,625 shares of the cable giant’s stock worth $1,238,000 after buying an additional 2,878 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA stock opened at $39.53 on Wednesday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The firm has a market cap of $151.26 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 1.63 and a beta of 0.99. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a 50-day simple moving average of $42.42 and a two-hundred day simple moving average of $40.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 earnings per share. On average, equities analysts forecast that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Insiders Place Their Bets

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CMCSA has been the topic of several recent analyst reports. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 4th. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $60.00 target price on shares of Comcast in a report on Tuesday, November 19th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. Finally, KeyCorp lifted their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.19.

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.