Comcast Co. (NASDAQ:CMCSA) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH decreased its position 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital World Investors boosted its holdings in Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after acquiring an additional 11,255,683 shares in the last quarter. Norges Bank purchased a new stake in Comcast during the 4th quarter valued at about $3,835,226,000. Geode Capital Management LLC increased its holdings in shares of Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after purchasing an additional 1,006,272 shares during the period. Dodge & Cox raised its position in Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after buying an additional 5,039,823 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after acquiring an additional 5,402,377 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several analyst reports. Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Oppenheimer lowered their price target on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Wall Street Zen raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Citigroup dropped their target price on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Price Performance

Shares of Comcast stock traded down $0.06 on Wednesday, hitting $34.60. 4,184,685 shares of the company were exchanged, compared to its average volume of 21,954,297. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $34.53 and a 200 day moving average price of $36.55. The stock has a market capitalization of $129.19 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its 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. The company had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.04 EPS. As a group, sell-side analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.82%. Comcast's payout ratio is 32.43%.

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.