Krane Funds Advisors LLC Has $415,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Krane Funds Advisors LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 9.9% in the fourth quarter, Holdings Channel reports. The firm owned 11,070 shares of the cable giant’s stock after selling 1,223 shares during the quarter. Krane Funds Advisors LLC’s holdings in Comcast were worth $415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in Comcast in the fourth quarter valued at about $3,835,226,000. Raymond James Financial Inc. bought a new position in shares of Comcast in the fourth quarter worth about $743,681,000. Amundi boosted its stake in shares of Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after purchasing an additional 14,369,056 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after purchasing an additional 8,258,128 shares during the last quarter. Finally, Invesco Ltd. increased its position in Comcast by 11.5% during the 4th quarter. Invesco Ltd. now owns 45,175,969 shares of the cable giant’s stock worth $1,695,454,000 after purchasing an additional 4,669,069 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CMCSA shares. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Wells Fargo & Company lowered their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Benchmark cut their price target on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group cut their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

Comcast Price Performance

Shares of CMCSA opened at $33.38 on Monday. The firm has a market cap of $126.21 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The business’s 50 day moving average price is $35.76 and its two-hundred day moving average price is $38.87.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

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

About Comcast

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.