PNC Financial Services Group Inc. lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 1.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,768,044 shares of the cable giant's stock after selling 107,219 shares during the quarter. PNC Financial Services Group Inc. owned 0.15% of Comcast worth $212,841,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Comcast by 6.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,934,038 shares of the cable giant's stock worth $145,166,000 after acquiring an additional 247,621 shares during the period. IFG Advisory LLC boosted its holdings in Comcast by 6.5% in the 1st quarter. IFG Advisory LLC now owns 95,433 shares of the cable giant's stock worth $3,521,000 after acquiring an additional 5,851 shares during the period. UNIVEST FINANCIAL Corp boosted its holdings in Comcast by 3.6% in the 1st quarter. UNIVEST FINANCIAL Corp now owns 51,550 shares of the cable giant's stock worth $1,902,000 after acquiring an additional 1,810 shares during the period. Baker Avenue Asset Management LP boosted its holdings in Comcast by 8.4% in the 1st quarter. Baker Avenue Asset Management LP now owns 9,897 shares of the cable giant's stock worth $365,000 after acquiring an additional 768 shares during the period. Finally, Blueshift Asset Management LLC boosted its holdings in Comcast by 46.7% in the 1st quarter. Blueshift Asset Management LLC now owns 71,538 shares of the cable giant's stock worth $2,640,000 after acquiring an additional 22,757 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.
Comcast Trading Down 2.1%
Shares of CMCSA traded down $0.71 during trading hours on Friday, hitting $32.52. 22,392,993 shares of the stock traded hands, compared to its average volume of 20,535,802. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The firm has a market capitalization of $121.42 billion, a PE ratio of 5.38, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92. The business has a fifty day moving average of $34.79 and a 200-day moving average of $35.09.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. The business had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Analysts expect that Comcast Corporation will post 4.33 EPS for the current year.
Comcast Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio is 21.82%.
Wall Street Analyst Weigh In
A number of research firms have commented on CMCSA. Morgan Stanley lifted their price objective on shares of Comcast from $37.00 to $40.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Rosenblatt Securities upped their price target on shares of Comcast from $36.00 to $37.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. BNP Paribas Exane lowered their price target on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Friday, April 25th. Finally, KeyCorp lowered their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Comcast currently has an average rating of "Hold" and a consensus target price of $40.77.
Check Out Our Latest Analysis on CMCSA
About Comcast
(
Free Report)
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.
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