New York State Common Retirement Fund Sells 299,721 Shares of Comcast Co. (NASDAQ:CMCSA)

New York State Common Retirement Fund lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,905,021 shares of the cable giant’s stock after selling 299,721 shares during the period. New York State Common Retirement Fund’s holdings in Comcast were worth $221,615,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Winch Advisory Services LLC increased its holdings in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Comcast in the fourth quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast in the fourth quarter worth $28,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast during the 3rd quarter valued at $30,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on CMCSA shares. TD Cowen lowered their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. KeyCorp lifted their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Benchmark reduced their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $44.13.

Comcast Trading Up 2.7 %

CMCSA opened at $36.35 on Wednesday. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68. The stock has a market cap of $137.42 billion, a price-to-earnings ratio of 8.76, a P/E/G ratio of 1.69 and a beta of 1.00. The stock’s 50 day moving average price is $36.79 and its 200-day moving average price is $39.64.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data 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 return on equity of 19.98% and a net margin of 13.09%. On average, equities analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed 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. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.63%. Comcast’s dividend payout ratio (DPR) is presently 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.