Comcast Co. (NASDAQ:CMCSA) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 13.4% during the third quarter, Holdings Channel.com reports. The firm owned 6,018,507 shares of the cable giant’s stock after selling 934,705 shares during the period. PNC Financial Services Group Inc.’s holdings in Comcast were worth $251,393,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Comcast by 41.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after acquiring an additional 8,243,302 shares during the last quarter. Capital World Investors raised its holdings in shares of Comcast by 7.4% in the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after purchasing an additional 7,929,963 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Comcast by 80.9% during the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after purchasing an additional 4,714,586 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Comcast by 92.1% during the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after buying an additional 4,182,525 shares in the last quarter. Finally, Kodai Capital Management LP acquired a new position in Comcast in the first quarter worth approximately $102,119,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Up 0.3 %

NASDAQ CMCSA opened at $43.00 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The firm’s fifty day simple moving average is $41.67 and its 200-day simple moving average is $39.93. The company has a market capitalization of $164.54 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period last year, the business earned $1.08 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is 33.33%.

Analyst Ratings Changes

CMCSA has been the subject of a number of recent research reports. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $47.75 to $48.00 in a research report on Friday, November 1st. TD Cowen decreased their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Barclays boosted their price objective on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Macquarie lifted their target price on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.19.

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.