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

PNC Financial Services Group Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 13.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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. owned about 0.16% of Comcast worth $251,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CMCSA. Price T Rowe Associates Inc. MD boosted its holdings in Comcast by 41.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant's stock worth $1,214,512,000 after buying an additional 8,243,302 shares in the last quarter. Capital World Investors raised its position in shares of Comcast by 7.4% in the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant's stock worth $5,015,737,000 after acquiring an additional 7,929,963 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Comcast by 80.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant's stock worth $457,007,000 after acquiring an additional 4,714,586 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant's stock valued at $339,223,000 after acquiring an additional 4,182,525 shares during the period. Finally, Kodai Capital Management LP acquired a new position in Comcast in the 1st quarter worth about $102,119,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMCSA has been the topic of several research analyst reports. StockNews.com lowered Comcast from a "strong-buy" rating to a "buy" rating in a report on Tuesday, September 24th. KeyCorp boosted their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Barclays lifted their target price on shares of Comcast from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Scotiabank upgraded shares of Comcast from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, Benchmark reiterated a "buy" rating and issued a $60.00 price objective on shares of Comcast in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $47.19.

Comcast Trading Down 1.6 %

CMCSA stock traded down $0.68 during trading on Tuesday, reaching $42.32. 21,731,300 shares of the stock were exchanged, compared to its average volume of 19,630,316. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $161.94 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 1.63 and a beta of 1.00. The business has a 50 day moving average price of $41.67 and a 200-day moving average price of $39.93. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.08 EPS. On average, research analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Wednesday, January 8th. Comcast's dividend payout ratio is presently 33.33%.

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.