New York State Common Retirement Fund Sells 626,207 Shares of Comcast Co. (NASDAQ:CMCSA)

New York State Common Retirement Fund trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,640,312 shares of the cable giant’s stock after selling 626,207 shares during the period. New York State Common Retirement Fund owned about 0.16% of Comcast worth $291,178,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arkadios Wealth Advisors increased its stake in Comcast by 17.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 11,491 shares of the cable giant’s stock worth $509,000 after acquiring an additional 1,711 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Comcast by 8.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 8,707 shares of the cable giant’s stock valued at $386,000 after purchasing an additional 642 shares during the last quarter. Leavell Investment Management Inc. increased its position in shares of Comcast by 3.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 24,572 shares of the cable giant’s stock valued at $1,090,000 after purchasing an additional 793 shares during the last quarter. Capital Investment Advisors LLC increased its position in shares of Comcast by 0.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after purchasing an additional 238 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC increased its position in shares of Comcast by 12.2% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 8,015 shares of the cable giant’s stock valued at $355,000 after purchasing an additional 874 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CMCSA. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Evercore ISI reiterated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. BNP Paribas reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Finally, Wells Fargo & Company decreased their price objective on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $49.74.

Comcast Price Performance

CMCSA traded up $0.33 on Monday, hitting $40.57. 24,641,877 shares of the company’s stock were exchanged, compared to its average volume of 20,715,254. Comcast Co. has a fifty-two week low of $36.38 and a fifty-two week high of $47.46. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm 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 cap of $161.14 billion, a price-to-earnings ratio of 10.91, a P/E/G ratio of 0.98 and a beta of 0.98.

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

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.18% of the stock is owned by insiders.

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.