Kovitz Investment Group Partners LLC Decreases Holdings in Comcast Co. (NASDAQ:CMCSA)

Kovitz Investment Group Partners LLC cut its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 35.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 468,671 shares of the cable giant's stock after selling 252,581 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Comcast were worth $17,589,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Promus Capital LLC acquired a new stake in Comcast during the 4th quarter worth about $25,000. Winch Advisory Services LLC boosted its holdings in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast in the 4th quarter valued at $28,000. Finally, Noble Wealth Management PBC bought a new position in Comcast during the fourth quarter worth $38,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. The Goldman Sachs Group cut their price target on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. KeyCorp decreased their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Barclays lowered their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, Morgan Stanley set a $37.00 target price on shares of Comcast in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Price Performance

Comcast stock traded down $0.34 during midday trading on Thursday, hitting $33.87. 7,371,451 shares of the company's stock were exchanged, compared to its average volume of 21,850,603. The stock has a 50-day moving average price of $35.21 and a two-hundred day moving average price of $37.93. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a market cap of $128.04 billion, a P/E ratio of 8.16, a PEG ratio of 1.78 and a beta of 0.94. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the prior year, the business earned $1.04 EPS. The company's revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

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.