E Fund Management Co. Ltd. Decreases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

E Fund Management Co. Ltd. trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,914 shares of the cable giant’s stock after selling 4,335 shares during the period. E Fund Management Co. Ltd.’s holdings in Comcast were worth $1,794,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Comcast by 17.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,316,171 shares of the cable giant’s stock worth $191,379,000 after purchasing an additional 634,878 shares in the last quarter. NBT Bank N A NY boosted its stake in Comcast by 11.4% during the third quarter. NBT Bank N A NY now owns 36,482 shares of the cable giant’s stock valued at $1,618,000 after buying an additional 3,731 shares during the period. River Street Advisors LLC grew its position in Comcast by 3.1% during the third quarter. River Street Advisors LLC now owns 11,888 shares of the cable giant’s stock worth $527,000 after buying an additional 361 shares in the last quarter. Chemung Canal Trust Co. increased its stake in Comcast by 9.8% in the 3rd quarter. Chemung Canal Trust Co. now owns 113,051 shares of the cable giant’s stock worth $5,013,000 after acquiring an additional 10,088 shares during the last quarter. Finally, Advisor Partners II LLC raised its holdings in shares of Comcast by 11.3% in the 3rd quarter. Advisor Partners II LLC now owns 275,519 shares of the cable giant’s stock valued at $12,217,000 after acquiring an additional 28,042 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA traded down $0.51 on Thursday, reaching $38.54. 23,388,723 shares of the company’s stock traded hands, compared to its average volume of 21,113,865. The stock has a 50-day simple moving average of $41.05 and a 200-day simple moving average of $42.26. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The firm has a market cap of $151.22 billion, a PE ratio of 10.20, a P/E/G ratio of 0.97 and a beta of 0.99. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. Equities research analysts forecast that Comcast Co. will post 4.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. BNP Paribas reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Citigroup lowered their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Scotiabank reduced their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday, April 26th. Finally, Oppenheimer reissued an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.60.

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.