Timber Creek Capital Management LLC Acquires 22,681 Shares of Comcast Co. (CMCSA)
Timber Creek Capital Management LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 22.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,941 shares of the cable giant’s stock after buying an additional 22,681 shares during the quarter. Comcast accounts for approximately 3.3% of Timber Creek Capital Management LLC’s holdings, making the stock its 10th biggest holding. Timber Creek Capital Management LLC’s holdings in Comcast were worth $4,288,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of CMCSA. BlackRock Inc. grew its position in Comcast by 1.0% in the 3rd quarter. BlackRock Inc. now owns 318,519,731 shares of the cable giant’s stock worth $11,278,785,000 after purchasing an additional 3,046,799 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Comcast by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 150,105,437 shares of the cable giant’s stock worth $5,315,234,000 after acquiring an additional 1,830,315 shares during the period. Dodge & Cox lifted its stake in shares of Comcast by 0.4% in the 3rd quarter. Dodge & Cox now owns 132,526,363 shares of the cable giant’s stock worth $4,692,759,000 after acquiring an additional 509,730 shares during the period. FMR LLC lifted its stake in shares of Comcast by 10.2% in the 3rd quarter. FMR LLC now owns 123,314,475 shares of the cable giant’s stock worth $4,366,565,000 after acquiring an additional 11,459,543 shares during the period. Finally, Capital International Investors lifted its stake in shares of Comcast by 363.4% in the 3rd quarter. Capital International Investors now owns 122,675,220 shares of the cable giant’s stock worth $4,343,930,000 after acquiring an additional 96,201,446 shares during the period. Hedge funds and other institutional investors own 80.66% of the company’s stock.
Comcast stock traded down $0.17 during mid-day trading on Monday, reaching $37.43. The company had a trading volume of 128,911 shares, compared to its average volume of 23,067,998. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79. Comcast Co. has a 52 week low of $30.43 and a 52 week high of $40.42. The company has a market cap of $174.63 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 1.12 and a beta of 1.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.24%. This is an increase from Comcast’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 29.80%.
Several research firms recently commented on CMCSA. BidaskClub raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 2nd. Morgan Stanley began coverage on shares of Comcast in a research note on Thursday, November 8th. They set an “overweight” rating and a $46.00 target price for the company. Citigroup began coverage on shares of Comcast in a report on Wednesday, October 24th. They set a “buy” rating and a $48.00 price target on the stock. Wolfe Research began coverage on shares of Comcast in a report on Friday, December 7th. They set an “outperform” rating on the stock. Finally, began coverage on shares of Comcast in a report on Wednesday, October 24th. They set a “buy” rating and a $43.00 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the stock. Comcast currently has an average rating of “Buy” and an average target price of $43.76.
In related news, EVP David L. Cohen sold 275,746 shares of the stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $37.01, for a total transaction of $10,205,359.46. Following the completion of the sale, the executive vice president now owns 650,656 shares in the company, valued at approximately $24,080,778.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel C. Murdock sold 845 shares of the stock in a transaction dated Thursday, January 24th. The stock was sold at an average price of $35.55, for a total transaction of $30,039.75. Following the sale, the senior vice president now owns 1,005 shares of the company’s stock, valued at approximately $35,727.75. The disclosure for this sale can be found here. Insiders have sold a total of 294,099 shares of company stock valued at $10,866,899 over the last ninety days. 1.31% of the stock is owned by insiders.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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