Siemens Fonds Invest GmbH Decreases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Siemens Fonds Invest GmbH cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 99.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund 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 reporting period.

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

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent analyst reports. Macquarie cut their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Wells Fargo & Company lowered Comcast from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Sanford C. Bernstein set a $38.00 price target on Comcast in a research note on Friday, January 31st. Finally, The Goldman Sachs Group decreased their price target on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.10.

Comcast Trading Up 0.4%

NASDAQ:CMCSA opened at $35.48 on Monday. The stock has a 50-day simple moving average of $34.88 and a 200-day simple moving average of $37.25. The stock has a market cap of $132.47 billion, a P/E ratio of 8.55, a P/E/G 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. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The business 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 business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS. As a group, analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

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.