Krane Funds Advisors LLC Sells 293 Shares of Comcast Co. (NASDAQ:CMCSA)

Krane Funds Advisors LLC lessened its position in Comcast Co. (NASDAQ:CMCSA) by 2.0% during the fourth quarter, Holdings Channel reports. The fund owned 14,143 shares of the cable giant’s stock after selling 293 shares during the period. Krane Funds Advisors LLC’s holdings in Comcast were worth $620,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CMCSA. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Comcast in the 3rd quarter valued at $389,000. Fiera Capital Corp lifted its stake in Comcast by 283.7% in the third quarter. Fiera Capital Corp now owns 54,479 shares of the cable giant’s stock worth $2,416,000 after purchasing an additional 40,280 shares during the last quarter. Catalyst Capital Advisors LLC boosted its position in Comcast by 32.6% during the third quarter. Catalyst Capital Advisors LLC now owns 3,076 shares of the cable giant’s stock valued at $136,000 after buying an additional 757 shares during the period. Paralel Advisors LLC increased its holdings in shares of Comcast by 1.1% in the third quarter. Paralel Advisors LLC now owns 50,446 shares of the cable giant’s stock worth $2,237,000 after buying an additional 569 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group lifted its stake in shares of Comcast by 40.2% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,923 shares of the cable giant’s stock valued at $85,000 after acquiring an additional 551 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now owns 2,000,000 shares in the company, valued at approximately $6,380,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Macquarie reduced their price target on Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Citigroup decreased their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Scotiabank dropped their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday, April 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Finally, Oppenheimer reiterated an “outperform” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.83.

Comcast Stock Down 0.4 %

NASDAQ CMCSA traded down $0.14 during trading hours on Friday, reaching $37.44. 12,692,458 shares of the company’s stock traded hands, compared to its average volume of 16,252,715. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a 50-day simple moving average of $39.06 and a 200 day simple moving average of $41.68. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The firm has a market cap of $146.90 billion, a PE ratio of 9.90, a PEG ratio of 0.94 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. Comcast’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. Sell-side analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s payout ratio is 32.80%.

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.