Comcast Corp New (CMCSA) Holder World Asset Management INC Decreased Stake

June 20, 2018 - By Hazel Jackson

Comcast Corporation (NASDAQ:CMCSA) LogoInvestors sentiment increased to 0.99 in 2018 Q1. Its up 0.06, from 0.93 in 2017Q4. It increased, as 100 investors sold CMCSA shares while 496 reduced holdings. 111 funds opened positions while 481 raised stakes. 3.67 billion shares or 0.21% more from 3.66 billion shares in 2017Q4 were reported. Massachusetts-based Moors & Cabot has invested 0.11% in Comcast Corporation (NASDAQ:CMCSA). Sector Pension Board has 681,685 shares. 93,000 are held by Eulav Asset Mngmt. High Pointe Capital Management Lc holds 38,490 shares. Lincoln Corp owns 19,787 shares. Investec Asset Management Limited holds 0.76% in Comcast Corporation (NASDAQ:CMCSA) or 4.13M shares. 84,132 are held by Johnson Financial Grp Inc. Mark Asset Mgmt Corp owns 8,394 shares. Act Ii Mngmt Limited Partnership accumulated 173,400 shares. Moreover, Lpl Fincl Limited Liability has 0.08% invested in Comcast Corporation (NASDAQ:CMCSA) for 810,686 shares. Kbc Nv has 2.06M shares. Wagner Bowman Mgmt accumulated 20,684 shares or 0.19% of the stock. Dorsey Whitney Tru Ltd Liability Corp owns 53,927 shares. Centurylink Invest Management accumulated 20,654 shares or 0.25% of the stock. Cohen Lawrence B owns 88,832 shares for 2.04% of their portfolio.

Since January 26, 2018, it had 0 buys, and 10 selling transactions for $39.84 million activity. $67,320 worth of stock was sold by Murdock Daniel C. on Friday, March 16. $25.24M worth of stock was sold by ROBERTS BRIAN L on Tuesday, March 13. 190,756 shares were sold by BURKE STEPHEN B, worth $8.11M. WATSON DAVID N sold 131,447 shares worth $4.84M.

World Asset Management Inc decreased its stake in Comcast Corp New (CMCSA) by 24.83% based on its latest 2018Q1 regulatory filing with the SEC. World Asset Management Inc sold 106,550 shares as the company’s stock declined 19.78% with the market. The institutional investor held 322,562 shares of the television services company at the end of 2018Q1, valued at $11.02 million, down from 429,112 at the end of the previous reported quarter. World Asset Management Inc who had been investing in Comcast Corp New for a number of months, seems to be less bullish one the $154.02 billion market cap company. The stock increased 2.01% or $0.66 during the last trading session, reaching $33.47. About 40.56 million shares traded or 46.97% up from the average. Comcast Corporation (NASDAQ:CMCSA) has declined 21.29% since June 20, 2017 and is downtrending. It has underperformed by 33.86% the S&P500.

Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on July, 26. They expect $0.61 EPS, up 17.31 % or $0.09 from last year’s $0.52 per share. CMCSA’s profit will be $2.81 billion for 13.72 P/E if the $0.61 EPS becomes a reality. After $0.62 actual EPS reported by Comcast Corporation for the previous quarter, Wall Street now forecasts -1.61 % negative EPS growth.

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Seekingalpha.com which released: “M&A hangs on AT&T-Time Warner deal” on June 12, 2018, also Fool.com with their article: “Comcast vs. Disney: Expect a Grudge Match Bidding War for Fox Media” published on June 19, 2018, Nasdaq.com published: “Confidently Rush into Comcast Corporation — Fears Are Overblown” on June 14, 2018. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Seekingalpha.com and their article: “Comcast Goes Fox Hunting And Shoots Itself” published on June 20, 2018 as well as Nasdaq.com‘s news article titled: “A Safe Dividend Makes Verizon Communications Inc. Stock a Safe Bet” with publication date: June 19, 2018.

Comcast Corporation (NASDAQ:CMCSA) Ratings Coverage

Among 17 analysts covering Comcast (NASDAQ:CMCSA), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Comcast has $54 highest and $3800 lowest target. $47.71’s average target is 42.55% above currents $33.47 stock price. Comcast had 19 analyst reports since January 8, 2018 according to SRatingsIntel. The firm has “Market Perform” rating by Raymond James given on Wednesday, June 13. The firm has “Neutral” rating given on Wednesday, February 28 by Macquarie Research. The stock has “Hold” rating by Nomura on Thursday, January 18. UBS maintained it with “Buy” rating and $47 target in Thursday, March 22 report. KeyBanc Capital Markets initiated Comcast Corporation (NASDAQ:CMCSA) on Wednesday, May 16 with “Buy” rating. On Thursday, January 25 the stock rating was maintained by Robert W. Baird with “Buy”. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Buy” rating by Buckingham Research on Monday, January 8. Bank of America maintained the shares of CMCSA in report on Thursday, January 25 with “Buy” rating. Jefferies maintained it with “Buy” rating and $50.0 target in Thursday, January 25 report. Scotia Capital maintained the shares of CMCSA in report on Friday, April 20 with “Buy” rating.

Comcast Corporation (NASDAQ:CMCSA) Institutional Positions Chart

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