As Comcast Corporation (CMCSA) Share Price Rose, Patten & Patten INC Boosted Stake by $7.93 Million

December 12, 2017 - By Vivian Park

Investors sentiment decreased to 1.01 in 2017 Q2. Its down 11.82, from 12.83 in 2017Q1. It is negative, as 68 investors sold CMCSA shares while 503 reduced holdings. 110 funds opened positions while 468 raised stakes. 3.69 billion shares or 50.72% less from 7.49 billion shares in 2017Q1 were reported. Zimmer Prtn Ltd Partnership stated it has 1.08% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Douglass Winthrop Advsr Ltd Company, a New York-based fund reported 58,714 shares. Bridges Investment Management holds 0.86% or 163,877 shares in its portfolio. Riggs Asset Managment Com Incorporated holds 2,500 shares or 0.04% of its portfolio. Investment House Limited Com owns 5,894 shares. Jefferies Group Inc Limited Liability Company, New York-based fund reported 1.27M shares. Aviva Public Limited Company accumulated 3.29 million shares. Covington Mngmt holds 0.03% or 10,862 shares in its portfolio. Moreover, Sumitomo Mitsui has 0.84% invested in Comcast Corporation (NASDAQ:CMCSA) for 14.68 million shares. Proshare Limited Com holds 1.80 million shares. Cornerstone Mgmt has invested 0.78% in Comcast Corporation (NASDAQ:CMCSA). King Luther Mgmt Corp holds 95,730 shares. Schwab Charles Investment Management Incorporated accumulated 16.80M shares. Bremer Natl Association reported 0.44% in Comcast Corporation (NASDAQ:CMCSA). Mason Street Advsrs Lc has invested 0.64% of its portfolio in Comcast Corporation (NASDAQ:CMCSA).

Patten & Patten Inc increased its stake in Comcast Corporation (CMCSA) by 321.85% based on its latest 2017Q2 regulatory filing with the SEC. Patten & Patten Inc bought 208,753 shares as the company’s stock rose 3.16% with the market. The institutional investor held 273,613 shares of the television services company at the end of 2017Q2, valued at $10.65 million, up from 64,860 at the end of the previous reported quarter. Patten & Patten Inc who had been investing in Comcast Corporation for a number of months, seems to be bullish on the $183.38 billion market cap company. The stock increased 2.07% or $0.8 during the last trading session, reaching $39.24. About 12.68 million shares traded. Comcast Corporation (NASDAQ:CMCSA) has risen 28.96% since December 12, 2016 and is uptrending. It has outperformed by 12.26% the S&P500.

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Benzinga.com which released: “Inflation Ticks Higher; Federal Reserve’s Two-Day Meeting Starts Today” on December 12, 2017, also Seekingalpha.com with their article: “Comcast Has What AT&T Wants” published on November 25, 2017, Usnews.com published: “Comcast and Fox May Trigger a Wave of Mergers” on November 17, 2017. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Seekingalpha.com and their article: “CenturyLink named network provider of Pennsylvania; shares +8.1%” published on December 11, 2017 as well as Seekingalpha.com‘s news article titled: “TiVo -6.8%; B. Riley sees uncertainty around Comcast patent ruling” with publication date: December 04, 2017.

Comcast Corporation (NASDAQ:CMCSA) Ratings Coverage

Among 29 analysts covering Comcast Corporation (NASDAQ:CMCSA), 24 have Buy rating, 1 Sell and 4 Hold. Therefore 83% are positive. Comcast Corporation had 66 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Buy” rating given on Tuesday, May 30 by Piper Jaffray. The firm earned “Buy” rating on Wednesday, October 4 by Robert W. Baird. MoffettNathanson upgraded it to “Neutral” rating and $67 target in Wednesday, August 19 report. Argus Research upgraded the stock to “Buy” rating in Friday, February 5 report. Pacific Crest downgraded the shares of CMCSA in report on Friday, January 27 to “Sector Weight” rating. The firm has “Outperform” rating given on Tuesday, January 31 by RBC Capital Markets. The stock has “Buy” rating by Pivotal Research on Thursday, January 26. On Friday, January 13 the stock rating was upgraded by Deutsche Bank to “Buy”. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Buy” rating by UBS on Friday, July 24. The rating was maintained by Pivotal Research with “Buy” on Monday, June 26.

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