Silvercrest Asset Management Group LLC Increases Position in Comcast Co. (NASDAQ:CMCSA)

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Silvercrest Asset Management Group LLC lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,094 shares of the cable giant’s stock after purchasing an additional 8,984 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Comcast were worth $11,505,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Comcast by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 391,492,214 shares of the cable giant’s stock worth $16,552,290,000 after buying an additional 7,792,136 shares during the last quarter. BlackRock Inc. boosted its holdings in Comcast by 2.7% in the 2nd quarter. BlackRock Inc. now owns 325,166,060 shares of the cable giant’s stock worth $13,748,022,000 after buying an additional 8,635,296 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Comcast by 1.9% during the 2nd quarter. Northern Trust Corp now owns 54,866,448 shares of the cable giant’s stock worth $2,319,753,000 after purchasing an additional 1,009,589 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Comcast by 0.8% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 36,744,726 shares of the cable giant’s stock worth $1,553,567,000 after purchasing an additional 294,244 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of Comcast by 7.8% during the 1st quarter. Boston Partners now owns 34,296,383 shares of the cable giant’s stock worth $1,371,169,000 after purchasing an additional 2,472,741 shares during the last quarter. Hedge funds and other institutional investors own 82.59% of the company’s stock.

In other Comcast news, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the transaction, the senior vice president now owns 3,419 shares in the company, valued at $151,222.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth J. Bacon sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $45.03, for a total transaction of $180,120.00. Following the completion of the transaction, the director now owns 29,603 shares of the company’s stock, valued at approximately $1,333,023.09. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

CMCSA has been the topic of several recent research reports. Bank of America set a $58.00 target price on Comcast and gave the stock a “buy” rating in a report on Wednesday, August 21st. Pivotal Research restated a “buy” rating and set a $54.00 target price on shares of Comcast in a report on Wednesday, June 26th. Macquarie initiated coverage on Comcast in a report on Wednesday, June 19th. They set a “buy” rating and a $50.00 target price on the stock. BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, Raymond James cut Comcast from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $25.00 to $21.00 in a report on Friday, June 14th. Five investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $46.97.

Shares of Comcast stock traded down $0.25 during trading hours on Thursday, reaching $46.69. 461,071 shares of the company were exchanged, compared to its average volume of 14,211,776. Comcast Co. has a 1 year low of $32.61 and a 1 year high of $47.27. The stock’s fifty day moving average is $44.07 and its 200 day moving average is $42.51. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market cap of $210.30 billion, a PE ratio of 18.31, a PEG ratio of 1.26 and a beta of 1.08.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. The firm had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. Comcast’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 earnings per share. Research analysts expect that Comcast Co. will post 3.09 earnings per share for the current year.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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