Silvercrest Asset Management Group LLC Has $44.57 Million Position in Comcast Co. (NASDAQ:CMCSA)

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

Several other hedge funds have also modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Comcast in the fourth quarter valued at $743,681,000. Bfsg LLC boosted its position in Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock worth $3,129,000 after purchasing an additional 73,590 shares during the period. Mission Wealth Management LP grew its stake in Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock valued at $1,633,000 after buying an additional 3,344 shares during the last quarter. Robinson Value Management Ltd. increased its stake in shares of Comcast by 136.7% in the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock worth $3,842,000 after purchasing an additional 59,107 shares during the period. Finally, Private Management Group Inc. increased its stake in shares of Comcast by 3.0% in the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant's stock worth $32,118,000 after purchasing an additional 24,827 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on CMCSA. JPMorgan Chase & Co. lowered their target price on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Scotiabank reaffirmed a "sector perform" rating and set a $44.50 price objective (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Citigroup cut their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Comcast has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded down $0.42 during trading on Wednesday, reaching $35.17. 8,406,324 shares of the company traded hands, compared to its average volume of 26,441,168. The firm has a market capitalization of $131.32 billion, a PE ratio of 8.47, a PEG 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 quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company's 50 day moving average is $34.90 and its two-hundred day moving average is $37.18.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating 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 business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The company's revenue was down .6% on a year-over-year basis. As a group, sell-side analysts predict 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.