Pioneer Trust Bank N A OR Sells 4,517 Shares of Comcast Corporation $CMCSA

Pioneer Trust Bank N A OR reduced its holdings in Comcast Corporation (NASDAQ:CMCSA) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 119,528 shares of the cable giant’s stock after selling 4,517 shares during the quarter. Pioneer Trust Bank N A OR’s holdings in Comcast were worth $4,266,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. QRG Capital Management Inc. grew its position in shares of Comcast by 13.0% in the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after buying an additional 83,631 shares during the last quarter. Advisor OS LLC lifted its stake in shares of Comcast by 33.2% in the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after acquiring an additional 8,841 shares during the period. Aberdeen Group plc lifted its stake in shares of Comcast by 5.4% in the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after acquiring an additional 147,231 shares during the period. Penserra Capital Management LLC boosted its holdings in Comcast by 20.0% in the second quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock valued at $2,928,000 after acquiring an additional 13,653 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. increased its position in Comcast by 10.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after purchasing an additional 118,839 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $27.45 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company’s 50-day moving average is $30.49 and its 200-day moving average is $33.00. The stock has a market capitalization of $100.02 billion, a PE ratio of 4.57, a price-to-earnings-growth ratio of 1.76 and a beta of 0.92. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $44.20.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Equities research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio is presently 21.96%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup dropped their price target on shares of Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Moffett Nathanson boosted their target price on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, September 12th. Loop Capital cut their price target on shares of Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. KeyCorp lowered Comcast from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 30th. Finally, Benchmark dropped their price objective on Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $36.29.

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.