Timber Creek Capital Management LLC Purchases 3,927 Shares of Comcast Co. (NASDAQ:CMCSA)

Timber Creek Capital Management LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,837 shares of the cable giant’s stock after acquiring an additional 3,927 shares during the quarter. Comcast makes up about 2.1% of Timber Creek Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Timber Creek Capital Management LLC’s holdings in Comcast were worth $7,042,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Greenwich Wealth Management LLC raised its stake in shares of Comcast by 2.6% during the fourth quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after purchasing an additional 219 shares during the last quarter. Legend Financial Advisors Inc. raised its position in Comcast by 17.5% during the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after buying an additional 220 shares during the last quarter. Beaumont Asset Management L.L.C. lifted its stake in shares of Comcast by 1.6% in the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after acquiring an additional 226 shares during the period. Bollard Group LLC boosted its holdings in Comcast by 0.7% in the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock valued at $1,622,000 after purchasing an additional 244 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in Comcast by 4.5% during the 4th quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock worth $254,000 after purchasing an additional 249 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CMCSA. The Goldman Sachs Group began coverage on shares of Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price for the company. Citigroup reduced their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. Evercore ISI lowered their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Benchmark restated a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $45.78.

Comcast Trading Up 0.3 %

CMCSA traded up $0.10 on Friday, reaching $39.62. 14,170,218 shares of the company’s stock were exchanged, compared to its average volume of 20,335,717. The company has a market cap of $155.45 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 1.07 and a beta of 1.00. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.30. The company’s 50 day moving average is $38.71 and its 200-day moving average is $40.23.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same period in the prior year, the firm earned $1.13 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Comcast Company 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.