Pioneer Trust Bank N A OR Has $4.55 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Pioneer Trust Bank N A OR reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 121,215 shares of the cable giant’s stock after selling 6,859 shares during the quarter. Pioneer Trust Bank N A OR’s holdings in Comcast were worth $4,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Promus Capital LLC acquired a new position in shares of Comcast during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC boosted its stake in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in Comcast during the third quarter worth approximately $30,000. Roxbury Financial LLC acquired a new stake in Comcast during the fourth quarter worth approximately $27,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Comcast during the 4th quarter worth $28,000. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several analyst reports. Benchmark reduced their target price on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Macquarie decreased their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a report on Friday, January 31st. Morgan Stanley decreased their price objective on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, The Goldman Sachs Group cut their target price on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.08.

Comcast Trading Down 6.6 %

Shares of CMCSA stock opened at $33.38 on Friday. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. 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 stock 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. The stock has a 50-day moving average of $35.76 and a 200-day moving average of $38.87.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) 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, equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued 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 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

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.