State of New Jersey Common Pension Fund D Purchases 29,037 Shares of Comcast Corporation $CMCSA

State of New Jersey Common Pension Fund D increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,302,311 shares of the cable giant’s stock after acquiring an additional 29,037 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Comcast were worth $40,919,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CMCSA. Cape Investment Advisory Inc. increased its stake in shares of Comcast by 2.6% in the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after buying an additional 307 shares during the period. Coign Capital Advisors LLC grew its holdings in Comcast by 2.1% during the 2nd quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after acquiring an additional 324 shares during the last quarter. OneAscent Family Office LLC increased its position in Comcast by 4.9% in the 2nd quarter. OneAscent Family Office LLC now owns 7,048 shares of the cable giant’s stock valued at $252,000 after acquiring an additional 332 shares during the period. Titleist Asset Management LLC raised its stake in shares of Comcast by 4.7% during the second quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock valued at $272,000 after acquiring an additional 342 shares during the last quarter. Finally, Lakeshore Capital Group Inc. lifted its holdings in shares of Comcast by 2.6% during the third quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock worth $428,000 after purchasing an additional 343 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Down 0.8%

Shares of CMCSA stock opened at $31.57 on Friday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $37.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day simple moving average of $29.28 and a two-hundred day simple moving average of $30.09. The company has a market cap of $115.04 billion, a P/E ratio of 5.88, a PEG ratio of 2.41 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. During the same quarter last year, the firm posted $0.96 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast’s dividend payout ratio is currently 24.58%.

More Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast booked an estimated $800M in Super Bowl advertising revenue, a near-term revenue boost for its advertising and distribution businesses. Read More.
• Positive Sentiment: Company highlights renewed rural broadband buildouts — a growth/capex narrative that could expand subscriber reach and long-term broadband revenue. Read More.
• Positive Sentiment: PR push: a new Universal Theme Parks exhibition (in partnership with Comcast NBCUniversal) raises brand visibility and drives content/IP monetization opportunities. Read More.
• Positive Sentiment: Local network expansion: Comcast is adding footprint in the Lehigh Valley — incremental subscriber growth and service penetration in targeted markets. Read More.
• Neutral Sentiment: Market interest: Zacks notes Comcast is among the most-searched stocks recently, reflecting high investor attention but not a directional signal by itself. Read More.
• Neutral Sentiment: Momentum note: coverage flagged Comcast was on track for multi-day gains recently — useful context for traders but not a fundamental driver. Read More.
• Neutral Sentiment: Short-interest reporting appears to contain errors (reports show 0 shares and NaN changes), so current short-interest metrics are unreliable and should be treated with caution. (No reliable link available)
• Negative Sentiment: Insider sale: CEO Michael Cavanagh sold 57,947 shares (~8.5% reduction in his stake) at ~$32.66 per share; SEC filing may weigh on sentiment since large insider sales can signal liquidity needs or prompt investor caution. Read More.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares in the company, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent research reports. UBS Group decreased their price objective on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. TD Cowen decreased their price target on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Bank of America raised Comcast from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $31.00 to $37.00 in a research note on Monday, January 12th. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, BNP Paribas Exane restated a “neutral” rating on shares of Comcast in a report on Tuesday, January 27th. Ten research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $34.90.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.