Pinnacle Wealth Planning Services Inc. Decreases Holdings in Comcast Co. (NASDAQ:CMCSA)

Pinnacle Wealth Planning Services Inc. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 45.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,646 shares of the cable giant's stock after selling 13,802 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in Comcast were worth $625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Lakeshore Capital Group Inc. bought a new stake in shares of Comcast during the 4th quarter worth $368,000. Sculati Wealth Management LLC lifted its stake in Comcast by 0.9% during the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after purchasing an additional 285 shares during the last quarter. Ameriflex Group Inc. purchased a new position in shares of Comcast in the 4th quarter worth about $269,000. Perennial Advisors LLC bought a new position in shares of Comcast during the 4th quarter valued at about $534,000. Finally, AlphaCore Capital LLC bought a new stake in Comcast in the 4th quarter worth approximately $651,000. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research reports. Scotiabank reissued a "sector perform" rating and set a $44.50 price target (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. BNP Paribas lowered shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a report on Thursday, April 10th. Barclays lowered their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. lowered their target price on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, UBS Group set a $44.50 target price on Comcast in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded up $0.30 during trading on Friday, hitting $34.58. 31,649,940 shares of the company's stock were exchanged, compared to its average volume of 21,989,998. The business's 50-day simple moving average is $34.69 and its 200 day simple moving average is $36.79. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a market cap of $129.11 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same period last year, the firm posted $1.04 EPS. The company's revenue was down .6% on a year-over-year basis. As a group, equities analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.82%. Comcast's dividend payout ratio (DPR) is 32.43%.

About Comcast

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.