Westpac Banking Corp Increased Its Comcast Corp New (CMCSA) Holding by $21.05 Billion; Market Value Rose

November 14, 2017 - By Ellis Scott

Investors sentiment decreased to 1.01 in 2017 Q2. Its down 11.82, from 12.83 in 2017Q1. It dived, 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. First Allied Advisory Service holds 0.09% or 53,180 shares in its portfolio. Chemical Savings Bank has invested 0.14% in Comcast Corporation (NASDAQ:CMCSA). Hartford Mgmt accumulated 15,731 shares. Iab Bank & Trust holds 0.12% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 6,268 shares. Boston Private Wealth Ltd Liability reported 0.89% stake. The Illinois-based First American Fincl Bank has invested 0.47% in Comcast Corporation (NASDAQ:CMCSA). Lodestar Investment Counsel Limited Liability Il has 22,424 shares. Korea Investment has invested 0.92% in Comcast Corporation (NASDAQ:CMCSA). Utah Retirement Systems, a Utah-based fund reported 863,614 shares. 5.45 million were reported by Westwood Holdings Group Incorporated. 82,790 were accumulated by Chase Investment Counsel Corporation. Moreover, Regions Financial has 0.18% invested in Comcast Corporation (NASDAQ:CMCSA). Clifford Swan Inv Counsel Lc invested in 24,563 shares. Raab & Moskowitz Asset Ltd Liability Company stated it has 15,440 shares. Doheny Asset Mgmt Ca holds 0.38% in Comcast Corporation (NASDAQ:CMCSA) or 20,592 shares.

Since May 25, 2017, it had 0 insider buys, and 1 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 1.65M shares of the television services company at the end of 2017Q2, valued at $64.29 billion, up from 1.11 million 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 $172.39 billion 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 Wells Fargo Co New (NYSE:WFC) by 938,716 shares to 484,937 shares, valued at $26.87B in 2017Q2, according to the filing. It also reduced its holding in American Elec Pwr Inc (NYSE:AEP) by 32,938 shares in the quarter, leaving it with 36,956 shares, and cut its stake in Celgene Corp (NASDAQ:CELG).

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: Investorplace.com and their article: “Dump Comcast Corporation as Howling Headwinds Loom” published on October 23, 2017 as well as Finance.Yahoo.com‘s news article titled: “Tuesday’s Vital Data: General Electric Company (GE), Comcast Corporation …” with publication date: October 17, 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 rating was maintained by Pivotal Research with “Buy” on Monday, June 26. Argus Research maintained Comcast Corporation (NASDAQ:CMCSA) rating on Friday, August 4. Argus Research has “Buy” rating and $48 target. Piper Jaffray maintained the shares of CMCSA in report on Tuesday, May 30 with “Buy” rating. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, January 6. The firm has “Buy” rating by RBC Capital Markets given on Friday, September 8. As per Tuesday, September 12, the company rating was upgraded by Moffett Nathanson. Argus Research upgraded it to “Buy” rating and $72 target in Friday, February 5 report. The rating was maintained by Nomura with “Buy” on Monday, June 27. The rating was upgraded by Moffett Nathanson to “Buy” on Wednesday, August 19. The firm has “Outperform” rating given on Thursday, April 28 by RBC Capital Markets.

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