Toronto Dominion Bank lifted its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 7.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,745,224 shares of the cable giant's stock after acquiring an additional 197,031 shares during the period. Toronto Dominion Bank owned 0.07% of Comcast worth $114,668,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Comcast by 5.4% in the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock worth $4,904,647,000 after acquiring an additional 6,062,658 shares during the period. Dimensional Fund Advisors LP grew its position in Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant's stock worth $1,500,722,000 after purchasing an additional 1,000,626 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Comcast by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant's stock valued at $1,331,192,000 after purchasing an additional 416,759 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Comcast by 6.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant's stock worth $1,268,310,000 after buying an additional 1,717,762 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board grew its holdings in shares of Comcast by 5.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant's stock worth $667,620,000 after buying an additional 822,936 shares in the last quarter. Institutional investors own 84.32% of the company's stock.
Comcast Stock Performance
NASDAQ:CMCSA traded up $0.10 during mid-day trading on Wednesday, hitting $39.63. 13,346,667 shares of the company traded hands, compared to its average volume of 19,587,143. The stock's fifty day moving average price is $42.38 and its 200-day moving average price is $40.32. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market cap of $151.65 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its 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 company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. Research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal year.
Comcast Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast's dividend payout ratio is presently 33.33%.
Wall Street Analyst Weigh In
Several equities analysts have commented on CMCSA shares. Barclays raised their target price on shares of Comcast from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Macquarie raised their price target on shares of Comcast from $40.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, November 18th. TD Cowen reduced their target price on shares of Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Benchmark reaffirmed a "buy" rating and set a $60.00 target price on shares of Comcast in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast has a consensus rating of "Moderate Buy" and a consensus target price of $47.19.
Read Our Latest Stock Analysis on Comcast
Insider Activity at Comcast
In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.
Comcast Profile
(
Free Report)
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.
Featured Stories
Before you consider Comcast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comcast wasn't on the list.
While Comcast currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
