State of New Jersey Common Pension Fund D Has $40.92 Million Stock Position in Comcast Corporation $CMCSA

State of New Jersey Common Pension Fund D increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. Brighton Jones LLC lifted its stake in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after acquiring an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. lifted its position in shares of Comcast by 3.2% during the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after purchasing an additional 2,593 shares in the last quarter. WealthPlan Investment Management LLC boosted its holdings in Comcast by 10.3% during the second quarter. WealthPlan Investment Management LLC now owns 10,262 shares of the cable giant’s stock worth $366,000 after purchasing an additional 955 shares during the last quarter. Angeles Wealth Management LLC increased its stake in Comcast by 8.9% in the 2nd quarter. Angeles Wealth Management LLC now owns 8,723 shares of the cable giant’s stock valued at $311,000 after buying an additional 714 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in shares of Comcast by 2.9% during the 2nd quarter. Koshinski Asset Management Inc. now owns 56,000 shares of the cable giant’s stock worth $1,999,000 after buying an additional 1,561 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 0.8%

Shares of Comcast stock opened at $31.57 on Friday. The stock has a market capitalization of $115.04 billion, a P/E ratio of 5.88, a P/E/G ratio of 2.41 and a beta of 0.81. Comcast Corporation has a 52-week low of $25.75 and a 52-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’s 50-day simple moving average is $29.28 and its 200 day simple moving average is $30.09.

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

Comcast Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CMCSA shares. Pivotal Research lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Williams Trading set a $40.00 price objective on Comcast in a research report on Friday, October 31st. Moffett Nathanson reduced their price objective on Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Royal Bank Of Canada lowered their target price on Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Finally, Morgan Stanley decreased their price objective on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, December 10th. Ten analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average target price of $34.90.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.32% of the stock is currently owned by corporate insiders.

Key Stories Impacting Comcast

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.

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.