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

Key Points

• Timber Creek Capital Management cut its Comcast stake by 28.9% in Q4, selling 35,802 shares and ending the quarter with 88,185 shares worth about $2.64 million.
• Comcast reported quarterly EPS of $0.84 (above the $0.75 estimate) with revenue of $32.31 billion (slightly below estimates) and announced a quarterly dividend of $0.33 per share (annualized $1.32, ~4.7% yield).
• CEO Michael J. Cavanagh sold 57,947 shares for roughly $1.89 million (reducing his ownership by 8.52%), while institutional investors hold about 84.3% of the stock.

Timber Creek Capital Management LLC lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 28.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 quarter.

A number of other large investors have also recently added to or reduced their stakes in CMCSA. Capital A Wealth Management LLC boosted its position in Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant's stock worth $25,000 after purchasing an additional 436 shares during the period. Imprint Wealth LLC bought a new stake in Comcast during the third quarter worth approximately $26,000. United Financial Planning Group LLC bought a new stake in Comcast during the third quarter worth approximately $28,000. Olistico Wealth LLC bought a new stake in Comcast during the fourth quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. boosted its position in Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant's stock worth $30,000 after purchasing an additional 691 shares during the period. Institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

Comcast stock opened at $28.05 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a fifty day moving average price of $30.12 and a two-hundred day moving average price of $29.18. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $36.66. The firm has a market capitalization of $100.92 billion, a P/E ratio of 5.22, a P/E/G ratio of 2.33 and a beta of 0.80.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $32.35 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

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

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CMCSA. Zacks Research raised Comcast from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Friday, January 30th. UBS Group reduced their price objective on Comcast from $36.00 to $32.00 and set a "neutral" rating for the company in a research report on Friday, January 30th. Royal Bank Of Canada reduced their price objective on Comcast from $32.00 to $31.00 and set a "sector perform" rating for the company in a research report on Friday, January 16th. Finally, TD Cowen reduced their price objective on Comcast from $40.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $34.81.

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.

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