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PNC Financial Services Group Inc. Acquires 467,065 Shares of Comcast Corporation $CMCSA
PNC Financial Services Group Inc. increased its stake in Comcast Corporation by 8.4% in the third quarter, acquiring 467,065 additional shares to own a total of 6,038,783 shares valued at approximately $189.7 million. This move comes as Comcast CEO Michael J. Cavanagh recently sold 57,947 shares, reducing his stake by about 8.5%. Analysts currently hold a “Hold” consensus rating on Comcast, with a target price of $34.90, reflecting tempered near-term expectations.