PNC Financial Services Group Inc. Has $189.74 Million Holdings in Comcast Corporation $CMCSA

PNC Financial Services Group Inc. grew its position in Comcast Corporation (NASDAQ:CMCSA) by 8.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,038,783 shares of the cable giant’s stock after purchasing an additional 467,065 shares during the period. PNC Financial Services Group Inc.’s holdings in Comcast were worth $189,739,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Capital A Wealth Management LLC grew its holdings in Comcast by 173.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after buying an additional 436 shares in the last quarter. Avalon Trust Co grew its stake in shares of Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 624 shares in the last quarter. Howard Hughes Medical Institute bought a new position in Comcast during the second quarter worth about $29,000. Princeton Global Asset Management LLC raised its stake in Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after purchasing an additional 686 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Comcast during the 2nd quarter worth approximately $31,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $31.57 on Monday. Comcast Corporation has a one year low of $25.75 and a one year high of $37.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $113.58 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 2.41 and a beta of 0.81. The firm has a 50 day simple moving average of $29.28 and a 200 day simple moving average of $30.07.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The business had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same quarter in the previous year, the company posted $0.96 EPS. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. Research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, April 1st. Comcast’s payout ratio is 24.58%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CMCSA shares. JPMorgan Chase & Co. dropped their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Oppenheimer set a $38.00 price objective on Comcast in a report on Tuesday, November 4th. Daiwa Securities Group reduced their target price on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. The Goldman Sachs Group restated a “neutral” rating and issued a $30.00 price target (down previously from $39.00) on shares of Comcast in a research report on Friday, October 31st. Finally, Morgan Stanley cut their price objective on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Ten investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $34.90.

Trending Headlines about Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast booked an estimated $800M in Super Bowl advertising revenue, a near-term revenue boost for its advertising and distribution businesses. Read More.
• Positive Sentiment: Company highlights renewed rural broadband buildouts — a growth/capex narrative that could expand subscriber reach and long-term broadband revenue. Read More.
• Positive Sentiment: PR push: a new Universal Theme Parks exhibition (in partnership with Comcast NBCUniversal) raises brand visibility and drives content/IP monetization opportunities. Read More.
• Positive Sentiment: Local network expansion: Comcast is adding footprint in the Lehigh Valley — incremental subscriber growth and service penetration in targeted markets. Read More.
• Neutral Sentiment: Market interest: Zacks notes Comcast is among the most-searched stocks recently, reflecting high investor attention but not a directional signal by itself. Read More.
• Neutral Sentiment: Momentum note: coverage flagged Comcast was on track for multi-day gains recently — useful context for traders but not a fundamental driver. Read More.
• Neutral Sentiment: Short-interest reporting appears to contain errors (reports show 0 shares and NaN changes), so current short-interest metrics are unreliable and should be treated with caution. (No reliable link available)
• Negative Sentiment: Insider sale: CEO Michael Cavanagh sold 57,947 shares (~8.5% reduction in his stake) at ~$32.66 per share; SEC filing may weigh on sentiment since large insider sales can signal liquidity needs or prompt investor caution. Read More.

Comcast Profile

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.