TD Asset Management Inc. Raises Holdings in Comcast Co. (NASDAQ:CMCSA)

TD Asset Management Inc. increased its position in Comcast Co. (NASDAQ:CMCSA) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,491,617 shares of the cable giant’s stock after buying an additional 120,113 shares during the period. TD Asset Management Inc. owned 0.09% of Comcast worth $131,040,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Modern Wealth Management LLC grew its stake in shares of Comcast by 14.1% in the 4th quarter. Modern Wealth Management LLC now owns 10,053 shares of the cable giant’s stock worth $347,000 after buying an additional 1,241 shares in the last quarter. EntryPoint Capital LLC grew its position in Comcast by 105.0% in the fourth quarter. EntryPoint Capital LLC now owns 14,874 shares of the cable giant’s stock worth $558,000 after acquiring an additional 7,617 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Comcast during the fourth quarter worth approximately $6,746,000. CoreFirst Bank & Trust purchased a new stake in Comcast during the fourth quarter valued at approximately $151,000. Finally, Jackson Thornton Wealth Management LLC bought a new stake in shares of Comcast in the 4th quarter valued at approximately $238,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent analyst reports. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research note on Friday, January 31st. Loop Capital decreased their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Citigroup reduced their price target on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.64.

Comcast Price Performance

Shares of CMCSA opened at $36.94 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company’s fifty day moving average price is $35.85 and its 200-day moving average price is $39.04. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The firm has a market capitalization of $139.67 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities research analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.57%. Comcast’s dividend payout ratio is 31.81%.

Comcast Company 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.