Comcast Co. (NASDAQ:CMCSA) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,640,312 shares of the cable giant’s stock after selling 626,207 shares during the quarter. New York State Common Retirement Fund’s holdings in Comcast were worth $291,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMCSA. NewSquare Capital LLC raised its stake in Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its stake in shares of Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after buying an additional 475,675 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of Comcast in the 4th quarter worth $34,000. Lipe & Dalton bought a new stake in shares of Comcast in the 4th quarter worth $37,000. Finally, First Personal Financial Services bought a new stake in shares of Comcast in the 3rd quarter worth $39,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.18% of the stock is owned by insiders.

Comcast Stock Up 0.8 %

Shares of NASDAQ:CMCSA traded up $0.33 on Monday, reaching $40.57. The company had a trading volume of 24,641,877 shares, compared to its average volume of 20,715,254. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46. The stock has a 50-day moving average price of $41.78 and a 200 day moving average price of $42.68. The stock has a market capitalization of $161.14 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.98 and a beta of 0.98. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. On average, equities analysts expect that Comcast Co. will post 4.23 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on CMCSA. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Wells Fargo & Company decreased their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. Evercore ISI restated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Citigroup lifted their target price on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, BNP Paribas restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.74.

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.