TD Private Client Wealth LLC Has $4.95 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

TD Private Client Wealth LLC decreased its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,821 shares of the cable giant's stock after selling 9,364 shares during the period. TD Private Client Wealth LLC's holdings in Comcast were worth $4,947,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Promus Capital LLC acquired a new stake in Comcast during the 4th quarter worth $25,000. Winch Advisory Services LLC raised its stake in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Comcast in the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the fourth quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the third quarter worth approximately $30,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded up $0.34 during trading hours on Tuesday, hitting $36.94. The stock had a trading volume of 31,434,026 shares, compared to its average volume of 19,829,573. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock's fifty day simple moving average is $35.84 and its 200 day simple moving average is $39.05. The firm has a market capitalization of $139.67 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

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Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a positive change from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.57%. Comcast's dividend payout ratio (DPR) is 31.81%.

Analysts Set New Price Targets

Several research firms have issued reports on CMCSA. Barclays cut their price objective on Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Bank of America downgraded Comcast from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. The Goldman Sachs Group cut their price target on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Citigroup dropped their target price on shares of Comcast from $47.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, Seaport Res Ptn raised Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.64.

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.