TD Asset Management Inc. decreased its position in Comcast Co. (NASDAQ:CMCSA) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,591,449 shares of the cable giant’s stock after selling 506,904 shares during the quarter. Comcast accounts for approximately 0.6% of TD Asset Management Inc.’s holdings, making the stock its 29th largest position. TD Asset Management Inc. owned 0.20% of Comcast worth $373,299,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its position in Comcast by 97.6% during the 1st quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after acquiring an additional 98,570,377 shares during the period. Clearbridge Investments LLC boosted its position in Comcast by 97.6% during the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after acquiring an additional 48,147,456 shares during the period. Ameriprise Financial Inc. boosted its position in Comcast by 95.7% during the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after acquiring an additional 29,199,805 shares during the period. Bank of New York Mellon Corp boosted its position in Comcast by 103.1% during the 1st quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock worth $2,117,212,000 after acquiring an additional 28,597,277 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in shares of Comcast by 56.9% in the 1st quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after buying an additional 12,625,830 shares in the last quarter. Institutional investors own 81.84% of the company’s stock.
In other Comcast news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,982 shares of company stock worth $385,050. Insiders own 1.28% of the company’s stock.
A number of brokerages have recently issued reports on CMCSA. UBS AG reaffirmed an “overweight” rating on shares of Comcast in a research report on Thursday, August 24th. Barclays PLC set a $44.00 target price on Comcast and gave the stock a “buy” rating in a research report on Friday, July 14th. Pivotal Research reiterated a “buy” rating and set a $48.00 price target on shares of Comcast in a report on Tuesday, June 27th. Morgan Stanley reiterated an “overweight” rating and set a $44.00 price target (up previously from $43.00) on shares of Comcast in a report on Thursday, July 6th. Finally, KeyCorp reiterated a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $45.83.
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Comcast Co. (NASDAQ:CMCSA) opened at 36.61 on Tuesday. The stock has a 50 day moving average price of $38.35 and a 200-day moving average price of $39.25. The firm has a market capitalization of $172.56 billion, a PE ratio of 18.44 and a beta of 0.98. Comcast Co. has a one year low of $30.02 and a one year high of $42.18.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. Comcast had a net margin of 11.98% and a return on equity of 18.32%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. On average, equities analysts forecast that Comcast Co. will post $2.04 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.72%. Comcast’s payout ratio is presently 31.74%.
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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