Siemens Fonds Invest GmbH Decreases 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 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,299 shares of the cable giant's stock after selling 136,918 shares during the period. Siemens Fonds Invest GmbH's holdings in Comcast were worth $49,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Snowden Capital Advisors LLC grew its holdings in shares of Comcast by 0.5% during the 4th quarter. Snowden Capital Advisors LLC now owns 323,274 shares of the cable giant's stock valued at $12,132,000 after purchasing an additional 1,662 shares during the last quarter. Silver Rock Financial LP grew its holdings in shares of Comcast by 14.4% during the 4th quarter. Silver Rock Financial LP now owns 457,500 shares of the cable giant's stock valued at $17,170,000 after purchasing an additional 57,500 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in shares of Comcast by 13.0% during the 4th quarter. Rafferty Asset Management LLC now owns 667,568 shares of the cable giant's stock valued at $25,054,000 after purchasing an additional 76,783 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of Comcast during the 4th quarter valued at $1,388,000. Finally, ProShare Advisors LLC grew its holdings in shares of Comcast by 18.6% during the 4th quarter. ProShare Advisors LLC now owns 4,891,700 shares of the cable giant's stock valued at $183,586,000 after purchasing an additional 765,481 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

CMCSA has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 target price on shares of Comcast in a report on Monday, April 28th. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company lowered shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Finally, Scotiabank reissued a "sector perform" rating and issued a $44.50 price target (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Trading Down 0.2%

Shares of CMCSA traded down $0.07 during trading hours on Friday, reaching $34.52. 13,930,047 shares of the company traded hands, compared to its average volume of 21,963,530. The company's fifty day moving average price is $34.84 and its two-hundred day moving average price is $37.00. The company has a market capitalization of $128.89 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. 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 Co. has a 12 month low of $31.44 and a 12 month high of $45.31.

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

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.82%. Comcast's dividend payout ratio (DPR) is currently 32.43%.

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.