Siemens Fonds Invest GmbH Has $49,000 Position in Comcast Co. (NASDAQ:CMCSA)

Siemens Fonds Invest GmbH lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 99.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,299 shares of the cable giant's stock after selling 136,918 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Comcast were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Promus Capital LLC acquired a new position in Comcast in the 4th quarter valued at $25,000. Roxbury Financial LLC acquired a new position in Comcast in the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast in the 4th quarter valued at $28,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Comcast in the 4th quarter valued at $36,000. Finally, OFI Invest Asset Management acquired a new position in Comcast in the 4th quarter valued at $37,000. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

CMCSA stock traded down $0.49 during trading on Wednesday, hitting $35.10. 17,290,876 shares of the stock traded hands, compared to its average volume of 21,955,074. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The stock has a market cap of $131.05 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a 50 day simple moving average of $34.89 and a 200 day simple moving average of $37.17. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period last year, the firm posted $1.04 EPS. The firm's quarterly revenue was down .6% on a year-over-year basis. Equities analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Analyst Ratings Changes

CMCSA has been the topic of a number of research analyst reports. Citigroup lowered their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Scotiabank reiterated a "sector perform" rating and issued a $44.50 target price (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Benchmark decreased their price target on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. UBS Group set a $44.50 price target on shares of Comcast in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.10.

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.