Pinnacle Wealth Planning Services Inc. Has $625,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Pinnacle Wealth Planning Services Inc. cut its stake in Comcast Co. (NASDAQ:CMCSA) by 45.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,646 shares of the cable giant’s stock after selling 13,802 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Comcast were worth $625,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Promus Capital LLC acquired a new position in shares of Comcast during the 4th quarter worth $25,000. Winch Advisory Services LLC raised its holdings in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Comcast during the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast during the 4th quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast during the 3rd quarter worth $30,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research analyst reports. Rosenblatt Securities lowered their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. 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 report on Friday, January 31st. Macquarie lowered their target price on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Morgan Stanley lowered their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Stock Up 2.0 %

Shares of NASDAQ:CMCSA opened at $36.27 on Friday. The business’s 50 day simple moving average is $36.13 and its two-hundred day simple moving average is $39.37. The firm has a market cap of $137.14 billion, a P/E ratio of 8.74, a PEG ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA) last announced 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 return on equity of 19.98% and a net margin of 13.09%. As a group, research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. 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 3.64%. Comcast’s dividend payout ratio is 31.81%.

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.