PNC Financial Services Group Inc. boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 94.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,275,488 shares of the cable giant’s stock after buying an additional 4,516,295 shares during the period. PNC Financial Services Group Inc.’s holdings in Comcast Corporation were worth $348,665,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC increased its position in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after buying an additional 1,340 shares in the last quarter. OLD Second National Bank of Aurora increased its position in shares of Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock valued at $101,000 after buying an additional 973 shares in the last quarter. Orrstown Financial Services Inc. increased its position in shares of Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock valued at $108,000 after buying an additional 1,757 shares in the last quarter. CT Financial Advisors LLC increased its position in shares of Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock valued at $109,000 after buying an additional 1,512 shares in the last quarter. Finally, Adirondack Trust Co. increased its position in shares of Comcast Corporation by 100.0% in the first quarter. Adirondack Trust Co. now owns 2,900 shares of the cable giant’s stock valued at $109,000 after buying an additional 1,450 shares in the last quarter. Institutional investors own 82.32% of the company’s stock.

Comcast Corporation (NASDAQ:CMCSA) traded down 0.45% during mid-day trading on Wednesday, hitting $39.74. The company’s stock had a trading volume of 3,392,591 shares. The stock has a market cap of $187.31 billion, a P/E ratio of 20.02 and a beta of 1.01. The company’s 50 day moving average is $39.52 and its 200-day moving average is $38.63. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts predict that Comcast Corporation will post $2.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.58%. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.

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CMCSA has been the subject of several analyst reports. Telsey Advisory Group raised their target price on Comcast Corporation from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Credit Suisse Group raised their target price on Comcast Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th. Barclays PLC set a $44.00 target price on Comcast Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Instinet restated a “buy” rating and issued a $43.00 target price (down previously from $46.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Finally, Pivotal Research restated a “buy” rating and issued a $48.00 target price on shares of Comcast Corporation in a research note on Tuesday, June 27th. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Comcast Corporation has an average rating of “Buy” and a consensus price target of $45.69.

In other news, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the sale, the director now directly owns 26,812 shares in the company, valued at $1,085,886. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, the senior vice president now owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.

Comcast Corporation Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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