Timber Creek Capital Management LLC Trims Stock Position in Comcast Corporation (NASDAQ:CMCSA)

Timber Creek Capital Management LLC trimmed its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 13.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,343 shares of the cable giant's stock after selling 19,416 shares during the period. Timber Creek Capital Management LLC's holdings in Comcast were worth $4,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Promus Capital LLC purchased a new position in shares of Comcast during the fourth quarter worth $25,000. Inlight Wealth Management LLC acquired a new stake in Comcast during the 1st quarter worth about $26,000. Retirement Wealth Solutions LLC raised its stake in shares of Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after buying an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast during the 4th quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of recent analyst reports. New Street Research cut their price objective on shares of Comcast from $44.00 to $38.00 and set a "buy" rating for the company in a report on Friday, April 25th. BNP Paribas Exane dropped their target price on Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a research report on Friday, April 25th. Oppenheimer reduced their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. TD Cowen lowered their price target on Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, The Goldman Sachs Group dropped their price objective on Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $40.96.

Comcast Stock Up 0.3%

Shares of CMCSA traded up $0.10 during mid-day trading on Friday, hitting $35.93. 10,160,934 shares of the company's stock were exchanged, compared to its average volume of 22,020,615. The stock's 50-day moving average is $34.77 and its 200-day moving average is $35.54. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast Corporation has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The company has a market cap of $134.13 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 1.74 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same period last year, the business posted $1.04 earnings per share. Comcast's revenue was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.67%. Comcast's dividend payout ratio (DPR) is currently 32.43%.

About Comcast

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.