New Mexico Educational Retirement Board Has $6.91 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

New Mexico Educational Retirement Board decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,216 shares of the cable giant's stock after selling 7,200 shares during the quarter. New Mexico Educational Retirement Board's holdings in Comcast were worth $6,914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. AMF Tjanstepension AB raised its holdings in shares of Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant's stock valued at $34,810,000 after purchasing an additional 132,442 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Comcast by 5.2% during the third quarter. Wedge Capital Management L L P NC now owns 7,873 shares of the cable giant's stock valued at $329,000 after buying an additional 390 shares in the last quarter. Creative Planning lifted its position in shares of Comcast by 2.7% in the third quarter. Creative Planning now owns 959,549 shares of the cable giant's stock worth $40,080,000 after buying an additional 24,968 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of Comcast by 5.1% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 16,166 shares of the cable giant's stock worth $675,000 after acquiring an additional 781 shares in the last quarter. Finally, SPC Financial Inc. increased its holdings in shares of Comcast by 3.2% during the 3rd quarter. SPC Financial Inc. now owns 12,634 shares of the cable giant's stock valued at $528,000 after acquiring an additional 393 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on CMCSA shares. StockNews.com downgraded Comcast from a "strong-buy" rating to a "buy" rating in a report on Monday, February 3rd. Rosenblatt Securities lowered their target price on Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Evercore ISI upgraded Comcast to a "strong-buy" rating in a report on Thursday, November 21st. Seaport Res Ptn upgraded shares of Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. Finally, Barclays cut their target price on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $44.13.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.

Comcast Price Performance

CMCSA traded up $0.13 during midday trading on Wednesday, hitting $36.48. The company had a trading volume of 22,698,377 shares, compared to its average volume of 26,956,936. The company has a market capitalization of $137.93 billion, a PE ratio of 8.79, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The firm's 50-day simple moving average is $36.79 and its 200-day simple moving average is $39.64. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities research analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is currently 29.88%.

Comcast 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.