Krane Funds Advisors LLC Sells 1,223 Shares of Comcast Co. (NASDAQ:CMCSA)

Krane Funds Advisors LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,070 shares of the cable giant’s stock after selling 1,223 shares during the period. Krane Funds Advisors LLC’s holdings in Comcast were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. World Investment Advisors LLC raised its stake in Comcast by 904.0% during the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after buying an additional 229,192 shares during the period. Raymond James Financial Inc. bought a new position in shares of Comcast during the 4th quarter valued at about $743,681,000. Bfsg LLC increased its stake in Comcast by 752.8% during the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after purchasing an additional 73,590 shares in the last quarter. Mission Wealth Management LP raised its holdings in Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after buying an additional 3,344 shares during the period. Finally, Robinson Value Management Ltd. lifted its stake in Comcast by 136.7% in the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after buying an additional 59,107 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Down 6.6 %

Comcast stock opened at $33.38 on Monday. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The stock has a market cap of $126.21 billion, a P/E ratio of 8.04, a P/E/G ratio of 1.78 and a beta of 0.94. The company’s 50-day moving average price is $35.76 and its two-hundred day moving average price is $38.87. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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%. As a group, analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.95%. Comcast’s dividend payout ratio is 31.81%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research analyst reports. Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Citigroup decreased their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research note on Friday, January 31st. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.08.

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.