Comcast Corp New (CMCSA) Shareholder Westpac Banking Corp Raised Stake by $21.05 Billion as Share Price Rose

November 14, 2017 - By Adrian Erickson

Investors sentiment decreased to 1.01 in Q2 2017. Its down 11.82, from 12.83 in 2017Q1. It fall, 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. Fincl Counselors Inc accumulated 80,496 shares or 0.16% of the stock. The Michigan-based Fishman Jay A Mi has invested 0% in Comcast Corporation (NASDAQ:CMCSA). California-based San Francisco Sentry Group (Ca) has invested 1.27% in Comcast Corporation (NASDAQ:CMCSA). Credit Suisse Ag has 0.35% invested in Comcast Corporation (NASDAQ:CMCSA). Private Wealth Prtnrs Ltd Liability Co has invested 0.12% in Comcast Corporation (NASDAQ:CMCSA). Columbus Hill Cap Management LP invested in 3.14% or 803,490 shares. Delphi Mgmt Ma owns 61,807 shares. Truepoint Inc reported 13,541 shares stake. Lowe Brockenbrough & owns 208,474 shares for 1.27% of their portfolio. Standard Life holds 14.27M shares or 1.88% of its portfolio. Fund Evaluation Limited holds 60,000 shares. Haverford Com owns 3.05M shares for 2.59% of their portfolio. Rafferty Asset Mngmt Lc has invested 0.05% in Comcast Corporation (NASDAQ:CMCSA). Regions Corp invested in 0.18% or 397,870 shares. Highstreet Asset Management reported 0.08% of its portfolio in Comcast Corporation (NASDAQ:CMCSA).

Since May 25, 2017, it had 0 buys, and 1 insider sale for $303,713 activity.

Westpac Banking Corp increased its stake in Comcast Corp New (CMCSA) by 48.7% based on its latest 2017Q2 regulatory filing with the SEC. Westpac Banking Corp bought 540,993 shares as the company’s stock rose 3.16% with the market. The institutional investor held 1.65 million shares of the television services company at the end of 2017Q2, valued at $64.29B, up from 1.11M at the end of the previous reported quarter. Westpac Banking Corp who had been investing in Comcast Corp New for a number of months, seems to be bullish on the $172.39B market cap company. The stock declined 0.98% or $0.37 reaching $36.88 on the news. About 3.58 million shares traded. Comcast Corporation (NASDAQ:CMCSA) has risen 28.96% since November 14, 2016 and is uptrending. It has outperformed by 12.26% the S&P500.

Westpac Banking Corp, which manages about $4.54B US Long portfolio, decreased its stake in Dte Energy Co (NYSE:DTE) by 11,967 shares to 11,929 shares, valued at $1.26 billion in 2017Q2, according to the filing. It also reduced its holding in Nasdaq Inc (NASDAQ:NDAQ) by 1.25M shares in the quarter, leaving it with 7,978 shares, and cut its stake in Te Connectivity Ltd (NYSE:TEL).

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Investorplace.com which released: “Comcast Corporation (CMCSA) Stock: Gen-Y Kicked It, Gen-Z Will Kill It” on October 30, 2017, also Seekingalpha.com with their article: “Comcast’s Q3: Cash, Cable And Creativity” published on November 03, 2017, Investorplace.com published: “Comcast Corporation (CMCSA) Stock Has a Heavy Television Around Its Neck” on October 27, 2017. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Finance.Yahoo.com and their article: “Tuesday’s Vital Data: General Electric Company (GE), Comcast Corporation …” published on October 17, 2017 as well as Investorplace.com‘s news article titled: “Dump Comcast Corporation as Howling Headwinds Loom” with publication date: October 23, 2017.

Comcast Corporation (NASDAQ:CMCSA) Ratings Coverage

Among 28 analysts covering Comcast Corporation (NASDAQ:CMCSA), 23 have Buy rating, 1 Sell and 4 Hold. Therefore 82% are positive. Comcast Corporation has $95 highest and $8 lowest target. $54.77’s average target is 48.51% above currents $36.88 stock price. Comcast Corporation had 64 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Buy” rating given on Monday, August 14 by Oppenheimer. The company was maintained on Monday, July 27 by RBC Capital Markets. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Buy” rating by Nomura on Monday, June 27. As per Thursday, January 19, the company rating was initiated by HSBC. On Monday, June 26 the stock rating was maintained by Pivotal Research with “Buy”. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, January 31. The stock has “Outperform” rating by RBC Capital Markets on Thursday, February 4. The company was maintained on Wednesday, September 16 by Wunderlich. Oppenheimer maintained Comcast Corporation (NASDAQ:CMCSA) on Thursday, July 27 with “Buy” rating. The rating was maintained by Nomura on Friday, October 27 with “Buy”.

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