Scharf Investments LLC Has Boosted Comcast Corp New (CMCSA) Stake by $46.44 Million

April 23, 2018 - By wolcottdaily

Comcast Corporation (NASDAQ:CMCSA) LogoInvestors sentiment decreased to 0.93 in Q4 2017. Its down 0.10, from 1.03 in 2017Q3. It turned negative, as 75 investors sold CMCSA shares while 544 reduced holdings. 122 funds opened positions while 455 raised stakes. 3.66 billion shares or 0.28% more from 3.65 billion shares in 2017Q3 were reported. Hedeker Wealth Ltd Com accumulated 57,560 shares. Meritage Port Mngmt owns 6,969 shares for 0.03% of their portfolio. Twin Cap Mgmt has 379,320 shares. Cibc State Bank Usa reported 47,757 shares. First Long Island Investors Lc invested in 0.07% or 12,654 shares. Godshalk Welsh Management holds 14,100 shares. Howland Capital Management Lc reported 39,749 shares. Vantage Limited Co holds 216,275 shares. North Star Asset owns 59,576 shares. New York-based Atalanta Sosnoff Capital Llc has invested 0.74% in Comcast Corporation (NASDAQ:CMCSA). 597,500 were reported by Tiger Mngmt Limited Liability Com. State Of Wisconsin Board owns 0.7% invested in Comcast Corporation (NASDAQ:CMCSA) for 6.38M shares. Davidson Advisors has invested 1.51% in Comcast Corporation (NASDAQ:CMCSA). Madison Inv holds 0.79% or 1.16 million shares in its portfolio. The New York-based Ulysses Mgmt Ltd Liability Co has invested 2.76% in Comcast Corporation (NASDAQ:CMCSA).

Since December 14, 2017, it had 0 insider purchases, and 11 sales for $62.58 million activity. Murdock Daniel C. had sold 916 shares worth $30,411 on Tuesday, April 17. On Tuesday, March 20 the insider BLOCK ARTHUR R sold $233,430. The insider WATSON DAVID N sold 131,447 shares worth $4.84 million. ROBERTS BRIAN L sold $25.24M worth of Comcast Corporation (NASDAQ:CMCSA) on Tuesday, March 13.

Scharf Investments Llc increased its stake in Comcast Corp New (CMCSA) by 24.1% based on its latest 2017Q4 regulatory filing with the SEC. Scharf Investments Llc bought 1.16M shares as the company’s stock declined 19.10% with the market. The institutional investor held 5.98 million shares of the television services company at the end of 2017Q4, valued at $239.43M, up from 4.82 million at the end of the previous reported quarter. Scharf Investments Llc who had been investing in Comcast Corp New for a number of months, seems to be bullish on the $156.85B market cap company. The stock increased 1.69% or $0.56 during the last trading session, reaching $33.77. About 7.15M shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 11.10% since April 23, 2017 and is downtrending. It has underperformed by 22.65% the S&P500.

Scharf Investments Llc, which manages about $2.69B and $4.41B US Long portfolio, decreased its stake in American Intl Group Inc (NYSE:AIG) by 1.54 million shares to 13,519 shares, valued at $805,000 in 2017Q4, according to the filing. It also reduced its holding in Novartis A G (NYSE:NVS) by 51,887 shares in the quarter, leaving it with 887,665 shares, and cut its stake in Sherwin Williams Co (NYSE:SHW).

Comcast Corporation (NASDAQ:CMCSA) Ratings Coverage

Among 16 analysts covering Comcast (NASDAQ:CMCSA), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Comcast had 22 analyst reports since October 26, 2017 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Thursday, January 25. The rating was maintained by Guggenheim with “Buy” on Tuesday, December 19. Robert W. Baird maintained the stock with “Buy” rating in Thursday, January 25 report. SunTrust maintained the stock with “Buy” rating in Wednesday, January 24 report. On Thursday, January 18 the stock rating was maintained by Moffett Nathanson with “Buy”. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Neutral” rating by Macquarie Research on Wednesday, February 28. On Friday, October 27 the stock rating was maintained by Nomura with “Buy”. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Buy” rating given on Friday, January 19 by Scotia Capital. On Thursday, October 26 the stock rating was maintained by SunTrust with “Buy”. Nomura downgraded Comcast Corporation (NASDAQ:CMCSA) on Thursday, January 18 to “Hold” rating.

Comcast Corporation (NASDAQ:CMCSA) Institutional Positions Chart

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