TD Waterhouse Canada Inc. Has $8.57 Million Holdings in Comcast Corporation $CMCSA

TD Waterhouse Canada Inc. trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 36.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 360,860 shares of the cable giant’s stock after selling 208,784 shares during the period. TD Waterhouse Canada Inc.’s holdings in Comcast were worth $8,568,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CMCSA. Brighton Jones LLC boosted its holdings in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. raised its holdings in shares of Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after buying an additional 2,593 shares in the last quarter. United Bank lifted its position in shares of Comcast by 11.3% during the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after buying an additional 4,290 shares during the last quarter. HUB Investment Partners LLC lifted its position in shares of Comcast by 119.4% during the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock worth $606,000 after buying an additional 9,236 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its stake in Comcast by 66.8% in the second quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock valued at $1,414,000 after buying an additional 15,865 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMCSA has been the subject of several research analyst reports. Wells Fargo & Company set a $23.00 target price on Comcast and gave the stock an “underweight” rating in a research note on Friday, July 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $28.00 price target on shares of Comcast in a report on Monday, July 13th. UBS Group reiterated a “neutral” rating on shares of Comcast in a research report on Tuesday, June 23rd. Freedom Capital raised shares of Comcast to a “hold” rating in a research note on Friday, June 12th. Finally, Royal Bank Of Canada set a $26.00 target price on shares of Comcast and gave the company a “sector perform” rating in a research report on Friday, July 24th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.96.

Comcast Stock Performance

Shares of CMCSA stock opened at $26.49 on Friday. The business’s 50-day moving average price is $24.86 and its 200-day moving average price is $26.49. Comcast Corporation has a 12 month low of $21.28 and a 12 month high of $34.38. The firm has a market capitalization of $94.00 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 1.88 and a beta of 0.68. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94.

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 the consensus estimate of $0.97 by $0.07. The company had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 earnings per share. Equities research analysts forecast that Comcast Corporation will post 3.52 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s payout ratio is presently 42.72%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.