Silvercrest Asset Management Group LLC Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

Silvercrest Asset Management Group LLC trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,187,596 shares of the cable giant's stock after selling 83,474 shares during the period. Silvercrest Asset Management Group LLC's holdings in Comcast were worth $44,570,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Investment Consultants LLC lifted its holdings in shares of Comcast by 1.8% in the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock worth $622,000 after acquiring an additional 291 shares during the last quarter. Five Oceans Advisors increased its position in Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock valued at $463,000 after purchasing an additional 298 shares during the period. Kovack Advisors Inc. increased its position in Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after purchasing an additional 300 shares during the period. Beck Mack & Oliver LLC increased its position in Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after purchasing an additional 300 shares during the period. Finally, Avitas Wealth Management LLC grew its position in shares of Comcast by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant's stock worth $2,195,000 after buying an additional 328 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Comcast stock traded up $0.15 during midday trading on Friday, hitting $35.48. The stock had a trading volume of 20,639,695 shares, compared to its average volume of 21,964,807. The firm's fifty day moving average is $34.88 and its two-hundred day moving average is $37.25. The company has a market capitalization of $132.47 billion, a PE ratio of 8.55, a P/E/G ratio of 1.78 and a beta of 0.97. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. 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 released its earnings results 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. 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 analyst estimates of $29.82 billion. During the same period in the prior year, the firm posted $1.04 EPS. The firm's quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent research reports. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. The Goldman Sachs Group dropped their price target on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Citigroup dropped their price target 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. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research note on Thursday, April 10th. Finally, Morgan Stanley set a $37.00 target price on shares of Comcast in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average 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.