Timber Creek Capital Management LLC Sells 2,774 Shares of Comcast Corporation $CMCSA

Timber Creek Capital Management LLC cut its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,569 shares of the cable giant’s stock after selling 2,774 shares during the period. Timber Creek Capital Management LLC’s holdings in Comcast were worth $4,050,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CMCSA. Foster Group Inc. raised its stake in Comcast by 4.0% during the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after acquiring an additional 282 shares in the last quarter. Argyle Capital Management LLC boosted its holdings in shares of Comcast by 0.5% during the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock valued at $2,184,000 after acquiring an additional 300 shares in the last quarter. Clearstead Trust LLC raised its position in Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock valued at $227,000 after purchasing an additional 305 shares during the last quarter. Webster Bank N. A. boosted its position in Comcast by 2.9% during the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after buying an additional 305 shares during the period. Finally, United Asset Strategies Inc. grew its holdings in Comcast by 2.2% during the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after acquiring an additional 308 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 3.3%

NASDAQ:CMCSA opened at $26.46 on Tuesday. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $44.03. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $96.42 billion, a price-to-earnings ratio of 4.40, a PEG ratio of 1.88 and a beta of 0.92. The firm has a fifty day simple moving average of $29.36 and a two-hundred day simple moving average of $32.55.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company had revenue of $30.34 billion for the quarter. Analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 5.0%. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CMCSA. BNP Paribas Exane upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Tuesday, November 4th. Cowen reissued a “buy” rating on shares of Comcast in a research note on Friday, October 31st. Williams Trading set a $40.00 target price on Comcast in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Finally, Loop Capital decreased their price target on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $35.92.

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.