Nissay Asset Management Corp Japan ADV Acquires 35,850 Shares of Comcast Co. (NASDAQ:CMCSA)

Nissay Asset Management Corp Japan ADV grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 899,415 shares of the cable giant’s stock after purchasing an additional 35,850 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Comcast were worth $34,115,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CMCSA. Promus Capital LLC purchased a new position in shares of Comcast in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC grew its position in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast in the 4th quarter worth approximately $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Comcast in the 4th quarter worth approximately $36,000. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on CMCSA shares. Macquarie dropped their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group dropped their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their target price 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. Finally, UBS Group set a $44.50 price objective on shares of Comcast in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.10.

Comcast Stock Performance

NASDAQ:CMCSA opened at $34.79 on Wednesday. The company has a fifty day moving average of $34.96 and a two-hundred day moving average of $37.44. The stock has a market capitalization of $129.90 billion, a PE ratio of 8.38, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results 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 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 in the prior year, the business earned $1.04 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. As a group, research analysts forecast that Comcast Co. will post 4.33 earnings per share 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.