Comcast Co. (NASDAQ:CMCSA) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,055,944 shares of the cable giant's stock after acquiring an additional 497,829 shares during the period. Nuveen Asset Management LLC owned 0.69% of Comcast worth $977,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Comcast during the fourth quarter worth about $743,681,000. Bfsg LLC boosted its stake in shares of 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 buying an additional 73,590 shares during the period. Mission Wealth Management LP boosted its stake in shares of Comcast by 8.3% during the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock worth $1,633,000 after buying an additional 3,344 shares during the period. Robinson Value Management Ltd. boosted its stake in shares of Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock worth $3,842,000 after buying an additional 59,107 shares during the period. Finally, Private Management Group Inc. boosted its stake in shares of Comcast by 3.0% during the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant's stock worth $32,118,000 after buying an additional 24,827 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CMCSA. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Rosenblatt Securities reiterated a "neutral" rating and set a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a report on Thursday, April 10th. Scotiabank reissued a "sector perform" rating and set a $44.50 price target (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Finally, Barclays cut their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Comcast presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Price Performance

Shares of CMCSA traded up $0.15 during mid-day trading on Friday, reaching $35.48. 20,639,695 shares of the company's stock were exchanged, compared to its average volume of 21,931,881. 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 has a 50-day simple moving average of $34.88 and a two-hundred day simple moving average of $37.33. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a market cap of $132.47 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $29.82 billion. During the same period last year, the company posted $1.04 EPS. The company's revenue was down .6% on a year-over-year basis. On average, sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast 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.