New York State Common Retirement Fund decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) by 6.4% in the 3rd quarter, Holdings Channel reports. The fund owned 5,221,642 shares of the cable giant’s stock after selling 358,600 shares during the period. New York State Common Retirement Fund’s holdings in Comcast were worth $164,064,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in CMCSA. Capital A Wealth Management LLC increased its position in Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares in the last quarter. Avalon Trust Co grew its stake in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in shares of Comcast during the second quarter worth $29,000. Princeton Global Asset Management LLC increased its holdings in shares of Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Comcast in the 2nd quarter valued at $31,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages recently weighed in on CMCSA. The Goldman Sachs Group restated a “neutral” rating and set a $30.00 price objective (down previously from $39.00) on shares of Comcast in a research report on Friday, October 31st. Loop Capital cut their price target on Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Williams Trading set a $40.00 price target on Comcast in a report on Friday, October 31st. Daiwa Capital Markets dropped their price objective on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Finally, Sanford C. Bernstein cut their target price on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday, January 15th. Eleven research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $35.47.
Comcast Stock Performance
Shares of CMCSA stock opened at $28.41 on Thursday. The stock has a market capitalization of $103.52 billion, a PE ratio of 4.73, a PEG ratio of 2.02 and a beta of 0.81. The business’s 50 day simple moving average is $28.31 and its 200 day simple moving average is $30.40. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a one year low of $25.75 and a one year high of $37.97.
Comcast (NASDAQ:CMCSA – Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 18.33% and a return on equity of 18.06%. As a group, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.
Key Comcast News
Here are the key news stories impacting Comcast this week:
- Positive Sentiment: Xfinity will offer RealTime4K streaming for Super Bowl LX — a product/marketing push that can boost subscriber engagement and premium streaming usage around a marquee live event. Xfinity Introduces RealTime4K for Super Bowl LX
- Positive Sentiment: Versant Media Group spin‑off continues to reshape Comcast’s core business map — investors may view the separation as value‑unlocking and a way to sharpen Comcast’s focus on core broadband/entertainment operations. Is Comcast Quietly Redrawing Its Core Business Map With the Versant Spin-Off?
- Neutral Sentiment: Multiple preview pieces are setting expectations for Comcast’s upcoming Q4 earnings, highlighting revenue mix, ad trends and subscriber dynamics — these previews increase short‑term volatility around the print but don’t change fundamentals until results are released. Comcast Gears Up to Report Q4 Earnings
- Neutral Sentiment: Analysts and market commentaries see the stock potentially range‑bound after the spin‑off and recent technical setup — expect trading to be driven by quarterly results and subscriber/ad revenue data. Why Comcast Stock May Stay Tuned To A Range
- Neutral Sentiment: Reported short‑interest figures for late January show apparent large increases but the published totals contain zeros/NaN values — the data looks unreliable; if genuine, rising short interest would be a bearish signal, but the anomaly makes the item ambiguous for immediate trading decisions.
- Negative Sentiment: BNP Paribas Exane trimmed its price target slightly to $28.00 and maintained a “neutral” rating — this modest cut signals limited upside from current levels and may weigh on investor sentiment near the stock’s recent trading price. BNP Paribas Exane Adjusts Price Target on Comcast
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.
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