State of New Jersey Common Pension Fund D Sells 30,577 Shares of Comcast Co. (NASDAQ:CMCSA)

State of New Jersey Common Pension Fund D trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,427,438 shares of the cable giant's stock after selling 30,577 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Comcast were worth $53,572,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB lifted its holdings in Comcast by 18.9% in the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant's stock valued at $34,810,000 after buying an additional 132,442 shares during the period. Creative Planning lifted its holdings in Comcast by 2.7% in the third quarter. Creative Planning now owns 959,549 shares of the cable giant's stock valued at $40,080,000 after buying an additional 24,968 shares during the period. Net Worth Advisory Group acquired a new position in Comcast in the third quarter valued at approximately $590,000. Blue Trust Inc. raised its holdings in Comcast by 15.8% in the third quarter. Blue Trust Inc. now owns 45,891 shares of the cable giant's stock worth $1,797,000 after purchasing an additional 6,274 shares during the period. Finally, Capital Investment Advisors LLC raised its holdings in Comcast by 28.0% in the third quarter. Capital Investment Advisors LLC now owns 46,108 shares of the cable giant's stock worth $1,926,000 after purchasing an additional 10,081 shares during the period. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of several analyst reports. Barclays cut their target price on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Rosenblatt Securities cut their target price on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Loop Capital cut their target price on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, TD Cowen cut their target price on shares of Comcast from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Comcast has a consensus rating of "Moderate Buy" and an average target price of $44.13.

Insider Activity at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company's stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Comcast Price Performance

CMCSA stock traded down $0.07 during mid-day trading on Thursday, hitting $36.41. The stock had a trading volume of 25,850,058 shares, compared to its average volume of 26,923,492. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The firm has a market capitalization of $137.67 billion, a P/E ratio of 8.77, a P/E/G ratio of 1.78 and a beta of 1.00. The firm has a fifty day simple moving average of $36.73 and a 200 day simple moving average of $39.62.

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

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.63%. Comcast's payout ratio is 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.