State of New Jersey Common Pension Fund D Lowers Stock Position in Comcast Co. (NASDAQ:CMCSA)

State of New Jersey Common Pension Fund D lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,361,514 shares of the cable giant’s stock after selling 10,016 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of Comcast worth $103,552,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in Comcast by 39.7% in the third quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock valued at $446,303,000 after acquiring an additional 2,861,358 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in Comcast by 43.3% in the third quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock valued at $279,843,000 after acquiring an additional 1,907,973 shares in the last quarter. SG Americas Securities LLC raised its holdings in Comcast by 422.9% during the fourth quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock worth $73,616,000 after purchasing an additional 1,357,756 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Comcast by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock worth $1,603,786,000 after purchasing an additional 1,229,374 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Comcast by 35.5% during the third quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock worth $207,931,000 after purchasing an additional 1,227,469 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 1.8 %

CMCSA traded up $0.70 during trading on Friday, reaching $38.57. The company had a trading volume of 29,782,818 shares, compared to its average volume of 20,954,010. The firm’s 50-day simple moving average is $41.64 and its 200 day simple moving average is $42.61. The company has a market cap of $153.19 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.98 and a beta of 0.98. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS. Equities research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CMCSA shares. BNP Paribas restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Tuesday, April 9th. Oppenheimer reissued an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Wells Fargo & Company dropped their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus price target of $49.45.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.18% of the stock is owned by company insiders.

Comcast Company Profile

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.