Nuveen Asset Management LLC Buys 497,829 Shares of Comcast Co. (NASDAQ:CMCSA)

Nuveen Asset Management LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 26,055,944 shares of the cable giant’s stock after acquiring an additional 497,829 shares during the quarter. Nuveen Asset Management LLC’s holdings in Comcast were worth $977,880,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Aprio Wealth Management LLC boosted its position in Comcast by 21.7% in the fourth quarter. Aprio Wealth Management LLC now owns 12,771 shares of the cable giant’s stock valued at $479,000 after buying an additional 2,277 shares in the last quarter. Brookstone Capital Management raised its holdings in Comcast by 7.1% in the 4th quarter. Brookstone Capital Management now owns 212,982 shares of the cable giant’s stock valued at $7,993,000 after buying an additional 14,128 shares during the last quarter. Capital Investment Advisors LLC boosted its position in Comcast by 9.0% during the 4th quarter. Capital Investment Advisors LLC now owns 50,256 shares of the cable giant’s stock worth $1,886,000 after buying an additional 4,148 shares during the period. Miracle Mile Advisors LLC increased its position in Comcast by 21.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 9,822 shares of the cable giant’s stock valued at $369,000 after acquiring an additional 1,764 shares during the period. Finally, First Financial Corp IN raised its stake in shares of Comcast by 8.4% during the fourth quarter. First Financial Corp IN now owns 27,497 shares of the cable giant’s stock valued at $1,032,000 after acquiring an additional 2,138 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $36.00 target price on shares of Comcast in a report on Monday, April 28th. Scotiabank restated a “sector perform” rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. The Goldman Sachs Group lowered their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company downgraded Comcast from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Finally, Oppenheimer cut their target price on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.10.

Comcast Trading Up 0.2%

NASDAQ:CMCSA opened at $34.79 on Wednesday. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The company has a market cap of $129.90 billion, a PE ratio of 8.38, a PEG ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a 50-day moving average of $34.96 and a 200-day moving average of $37.44.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $29.82 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Company Profile

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.