Comcast Corporation $CMCSA Stock Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. trimmed its stake in Comcast Corporation (NASDAQ:CMCSA) by 32.2% in the third quarter, Holdings Channel reports. The firm owned 244,726 shares of the cable giant’s stock after selling 116,134 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Comcast were worth $5,325,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allied Private Wealth LLC acquired a new position in shares of Comcast during the 2nd quarter worth approximately $26,000. Whipplewood Advisors LLC boosted its holdings in shares of Comcast by 75.5% in the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after buying an additional 401 shares during the last quarter. Main Street Group LTD acquired a new stake in shares of Comcast in the 1st quarter valued at approximately $27,000. Thompson Investment Management Inc. acquired a new stake in shares of Comcast in the 2nd quarter valued at approximately $29,000. Finally, Provenance Wealth Advisors LLC bought a new position in shares of Comcast in the first quarter valued at $30,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CMCSA. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and lowered their target price for the stock from $34.00 to $32.00 in a report on Tuesday, June 30th. KeyCorp lowered shares of Comcast from a “sector weight” rating to an “underweight” rating and set a $18.00 price target on the stock. in a research report on Thursday, September 24th. Royal Bank Of Canada set a $26.00 price target on shares of Comcast and gave the company a “sector perform” rating in a research note on Friday, July 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $31.00 price target on shares of Comcast in a research note on Monday. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $23.00 price objective on shares of Comcast in a research report on Tuesday, October 13th. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.81.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $21.90 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average price is $24.07 and its two-hundred day moving average price is $24.76. The company has a market cap of $77.72 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. Comcast Corporation has a twelve month low of $20.48 and a twelve month high of $32.85.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%. The company had revenue of $29.94 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same period last year, the firm posted $1.25 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. On average, analysts predict that Comcast Corporation will post 3.49 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.0%. Comcast’s payout ratio is presently 42.72%.

About Comcast

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.