Timber Creek Capital Management LLC Has $5.51 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Timber Creek Capital Management LLC decreased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,759 shares of the cable giant's stock after selling 18,135 shares during the quarter. Comcast accounts for approximately 1.6% of Timber Creek Capital Management LLC's holdings, making the stock its 27th largest position. Timber Creek Capital Management LLC's holdings in Comcast were worth $5,508,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CMCSA. Atlas Legacy Advisors LLC bought a new stake in shares of Comcast during the 4th quarter valued at about $218,000. Bank of Jackson Hole Trust bought a new position in shares of Comcast during the fourth quarter valued at approximately $123,000. Hara Capital LLC grew its holdings in shares of Comcast by 5.4% during the fourth quarter. Hara Capital LLC now owns 8,615 shares of the cable giant's stock valued at $323,000 after purchasing an additional 441 shares during the last quarter. Bfsg LLC raised its position in shares of Comcast by 752.8% during the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock worth $3,129,000 after purchasing an additional 73,590 shares during the period. Finally, Buckingham Capital Management Inc. boosted its position in Comcast by 3.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 38,992 shares of the cable giant's stock valued at $1,463,000 after purchasing an additional 1,330 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares of the company's stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CMCSA. Benchmark dropped their target price on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. StockNews.com cut shares of Comcast from a "strong-buy" rating to a "buy" rating in a report on Monday, February 3rd. Scotiabank lowered shares of Comcast from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. Morgan Stanley dropped their price target on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Finally, Evercore ISI upgraded Comcast to a "strong-buy" rating in a research report on Thursday, November 21st. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $44.13.

Comcast Trading Down 0.4 %

Shares of CMCSA traded down $0.16 during midday trading on Friday, hitting $36.26. The stock had a trading volume of 21,402,835 shares, compared to its average volume of 26,761,117. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The business has a 50-day simple moving average of $36.65 and a two-hundred day simple moving average of $39.60. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market cap of $137.08 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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%. As a group, equities analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.64%. This is a positive change from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast's payout ratio is presently 29.88%.

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.