Pioneer Trust Bank N A OR Sells 6,859 Shares of Comcast Co. (NASDAQ:CMCSA)

Pioneer Trust Bank N A OR lowered its position in Comcast Co. (NASDAQ:CMCSA) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,215 shares of the cable giant’s stock after selling 6,859 shares during the period. Pioneer Trust Bank N A OR’s holdings in Comcast were worth $4,549,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. McIlrath & Eck LLC increased its holdings in Comcast by 14.8% in the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after purchasing an additional 282 shares during the last quarter. Dunhill Financial LLC increased its stake in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares during the last quarter. Integrated Investment Consultants LLC raised its position in shares of Comcast by 1.8% in the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock valued at $622,000 after acquiring an additional 291 shares during the period. Five Oceans Advisors boosted its stake in Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock worth $463,000 after acquiring an additional 298 shares during the last quarter. Finally, Kovack Advisors Inc. grew its holdings in Comcast by 1.1% during the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after purchasing an additional 300 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA opened at $33.38 on Friday. 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 company’s fifty day simple moving average is $35.76 and its 200 day simple moving average is $38.87. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The company has a market cap of $126.21 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last released 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%. On average, research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is currently 31.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CMCSA shares. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Macquarie dropped their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Barclays decreased their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.08.

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.