TD Asset Management Inc Sells 8,081 Shares of Comcast Co. (NASDAQ:CMCSA)

TD Asset Management Inc lowered its position in Comcast Co. (NASDAQ:CMCSA) by 0.3% in the 2nd quarter, Holdings Channel reports. The fund owned 3,102,512 shares of the cable giant’s stock after selling 8,081 shares during the quarter. TD Asset Management Inc’s holdings in Comcast were worth $121,494,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Capital World Investors grew its stake in shares of Comcast by 7.4% in the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after buying an additional 7,929,963 shares during the last quarter. Norges Bank purchased a new stake in shares of Comcast in the 4th quarter worth approximately $2,542,988,000. Price T Rowe Associates Inc. MD grew its stake in shares of Comcast by 41.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after buying an additional 8,243,302 shares during the last quarter. Harris Associates L P grew its stake in shares of Comcast by 10.9% in the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock worth $827,616,000 after buying an additional 1,854,671 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of Comcast by 3.4% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock worth $495,694,000 after buying an additional 368,685 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of Comcast stock opened at $39.80 on Friday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The stock’s fifty day moving average is $39.23 and its 200 day moving average is $39.86. The stock has a market cap of $156.16 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.05 and a beta of 1.00. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same period last year, the firm earned $1.13 EPS. Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. Sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.12%. Comcast’s dividend payout ratio is currently 32.80%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CMCSA shares. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research note on Tuesday, June 11th. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Comcast in a research note on Monday, May 13th. Finally, Barclays cut their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $45.78.

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.