Comcast Co. (NASDAQ:CMCSA) Stock Position Cut by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 6.6% in the fourth quarter, Holdings Channel.com reports. The fund 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors raised its position in Comcast by 8.6% during 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 acquiring an additional 11,255,683 shares in the last quarter. Norges Bank bought a new position in Comcast during the fourth quarter valued at approximately $3,835,226,000. Geode Capital Management LLC raised its position 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 valued at $3,212,244,000 after acquiring an additional 1,006,272 shares in the last quarter. 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 institutional investors and hedge funds.

Comcast Trading Up 2.2%

Shares of Comcast stock opened at $35.33 on Friday. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The business’s 50 day moving average is $34.89 and its 200-day moving average is $37.38. 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 stock has a market cap of $131.91 billion, a P/E ratio of 8.51, a P/E/G ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating 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 for 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 company’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CMCSA. JPMorgan Chase & Co. cut their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Barclays lowered their price target on Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Sanford C. Bernstein set a $38.00 price target on Comcast in a report on Friday, January 31st. Finally, UBS Group set a $44.50 price target on Comcast in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently 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.