State of New Jersey Common Pension Fund D Has $45.44 Million Stake in Comcast Corporation $CMCSA

State of New Jersey Common Pension Fund D decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,273,274 shares of the cable giant’s stock after selling 9,042 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Comcast were worth $45,443,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cranbrook Wealth Management LLC boosted its holdings in shares of Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares in the last quarter. Global Trust Asset Management LLC lifted its holdings in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the period. Abound Financial LLC acquired a new position in Comcast during the 1st quarter worth about $29,000. Ransom Advisory Ltd acquired a new position in Comcast during the 1st quarter worth about $29,000. Finally, Princeton Global Asset Management LLC lifted its holdings in Comcast by 403.5% during the 2nd 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 during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Loop Capital cut their target price on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. Scotiabank reaffirmed a “sector perform” rating and set a $45.50 target price (up from $45.00) on shares of Comcast in a report on Monday, October 6th. Moffett Nathanson lifted their target price on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Arete Research raised Comcast to a “hold” rating in a report on Tuesday, July 8th. Finally, KeyCorp cut their target price on Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.76.

Comcast Stock Down 0.1%

Shares of NASDAQ:CMCSA opened at $29.28 on Friday. The company has a market capitalization of $108.11 billion, a price-to-earnings ratio of 4.84, a P/E/G ratio of 1.73 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50-day moving average is $31.92 and its 200-day moving average is $33.53. Comcast Corporation has a 1 year low of $29.15 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.34 billion for the quarter. Equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

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.