PNC Financial Services Group Inc. Has $158.91 Million Stock Position in Comcast Corporation $CMCSA

PNC Financial Services Group Inc. lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,316,492 shares of the cable giant’s stock after selling 722,291 shares during the quarter. PNC Financial Services Group Inc. owned 0.15% of Comcast worth $158,910,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Research Global Investors grew its position in Comcast by 46.1% in the third quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock valued at $1,059,053,000 after acquiring an additional 10,633,206 shares during the last quarter. State Street Corp lifted its holdings in shares of Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after acquiring an additional 7,917,335 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Comcast by 2,970.5% in the fourth quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after acquiring an additional 7,153,895 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Comcast by 1,356.2% in the 3rd quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock valued at $205,993,000 after purchasing an additional 6,105,867 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in shares of Comcast by 554.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock valued at $178,634,000 after purchasing an additional 4,240,876 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.3%

CMCSA opened at $24.88 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $36.66. The company’s 50 day moving average price is $27.96 and its two-hundred day moving average price is $28.66. The firm has a market capitalization of $88.88 billion, a price-to-earnings ratio of 4.90, a PEG ratio of 1.99 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. Comcast’s revenue was up 5.3% compared to the same quarter last year. As a group, research analysts predict that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.3%. Comcast’s payout ratio is presently 25.98%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CMCSA. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. Citigroup boosted their target price on shares of Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research note on Friday, April 24th. Royal Bank Of Canada upped their price target on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Evercore increased their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.79.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.