Timber Creek Capital Management LLC Has $2.64 Million Stock Holdings in Comcast Corporation $CMCSA

Timber Creek Capital Management LLC cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 28.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,185 shares of the cable giant’s stock after selling 35,802 shares during the quarter. Timber Creek Capital Management LLC’s holdings in Comcast were worth $2,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Capital A Wealth Management LLC increased its stake in shares of Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after buying an additional 436 shares in the last quarter. Imprint Wealth LLC acquired a new stake in shares of Comcast in the third quarter valued at $26,000. United Financial Planning Group LLC acquired a new stake in shares of Comcast in the third quarter valued at $28,000. Olistico Wealth LLC acquired a new stake in shares of Comcast in the fourth quarter valued at $29,000. Finally, Richardson Financial Services Inc. increased its stake in shares of Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after buying an additional 691 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA opened at $28.05 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $36.66. The stock has a market cap of $100.92 billion, a P/E ratio of 5.22, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80. The stock’s 50-day moving average price is $30.12 and its two-hundred day moving average price is $29.18.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter last year, the business earned $0.96 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. Comcast’s dividend payout ratio (DPR) is 24.58%.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares in the company, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citigroup restated a “buy” rating and issued a $33.00 target price (up from $32.79) on shares of Comcast in a research note on Friday, January 30th. The Goldman Sachs Group lowered their price objective on Comcast from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. Barclays set a $28.00 price objective on Comcast and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Scotiabank lowered their price objective on Comcast from $35.25 to $34.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average price target of $34.81.

About Comcast

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.