TD Private Client Wealth LLC Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

TD Private Client Wealth LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 131,821 shares of the cable giant’s stock after selling 9,364 shares during the quarter. TD Private Client Wealth LLC’s holdings in Comcast were worth $4,947,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. Raymond James Financial Inc. purchased a new position in shares of Comcast during the fourth quarter worth about $743,681,000. Amundi boosted its holdings in Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after purchasing an additional 14,369,056 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in Comcast by 55,334.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after purchasing an additional 8,258,128 shares in the last quarter. FMR LLC boosted its holdings in Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after purchasing an additional 2,885,370 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of analyst reports. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $48.00 to $44.50 in a report on Monday, February 3rd. Loop Capital lowered their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Barclays lowered their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Benchmark reduced their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Trading Up 1.1 %

Shares of Comcast stock opened at $36.50 on Friday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The firm has a market cap of $138.01 billion, a PE ratio of 8.80, a P/E/G ratio of 1.78 and a beta of 1.00. The business’s fifty day moving average is $35.83 and its two-hundred day moving average is $39.10. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is currently 31.81%.

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.