Stock of The Day: Comcast Corp (NASDAQ:CMCSA) Institutional Investor Sentiment Analysis

November 24, 2016 - By Peter Erickson   ·   0 Comments

Stock of The Day: Comcast Corp (NASDAQ:CMCSA) Institutional Investor Sentiment Analysis

Sentiment for Comcast Corp (NASDAQ:CMCSA)

Comcast Corp (NASDAQ:CMCSA) institutional sentiment decreased to 0.88 in Q2 2016. Its down -0.06, from 0.94 in 2016Q1. The ratio is negative, as 518 funds increased or started new equity positions, while 550 decreased and sold their stock positions in Comcast Corp. The funds in our partner’s database now possess: 1.91 billion shares, down from 1.97 billion shares in 2016Q1. Also, the number of funds holding Comcast Corp in their top 10 equity positions increased from 102 to 118 for an increase of 16. Sold All: 62 Reduced: 488 Increased: 436 New Position: 82.

Comcast Corporation is a media and technology company. The company has a market cap of $166.97 billion. The Company’s primary businesses include Comcast Cable and NBCUniversal. It has a 20.22 P/E ratio. The Company’s Comcast Cable business operates in Cable Communications segment.

The stock decreased 0.10% or $0.07 on November 23, hitting $68.95. About 9.43 million shares traded hands. Comcast Corporation (NASDAQ:CMCSA) has risen 12.86% since April 22, 2016 and is uptrending. It has outperformed by 7.45% the S&P500.

Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on February, 1. They expect $0.90 earnings per share, up 11.11% or $0.09 from last year’s $0.81 per share. CMCSA’s profit will be $2.18 billion for 19.15 P/E if the $0.90 EPS becomes a reality. After $0.92 actual earnings per share reported by Comcast Corporation for the previous quarter, Wall Street now forecasts -2.17% negative EPS growth.

According to Zacks Investment Research, “Comcast Corp., among the world’s leading communication companies, provides basic cable, digital cable and high speed internet services that connect people to what’s important in their lives. They are in the process of deploying digital video applications and high-speed Internet access service to expand the products available on their cable communications networks.”

Mediatel Partners holds 82.45% of its portfolio in Comcast Corporation for 2.91 million shares. Gvo Asset Management Ltd owns 2.69 million shares or 20.47% of their US portfolio. Moreover, Lansdowne Partners (Uk) Llp has 14.88% invested in the company for 24.48 million shares. The United Kingdom-based Consulta Ltd has invested 10.95% in the stock. Veritas Investment Management Llp, a United Kingdom-based fund reported 834,546 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 9 selling transactions for $27.23 million net activity.

Comcast Corporation (NASDAQ:CMCSA) Ratings Coverage

Ratings analysis reveals 80% of Comcast Corporation’s analysts are positive. Out of 15 Wall Street analysts rating Comcast Corporation, 12 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $61.0 while the high is $90. The stock’s average target of $71.22 is 3.29% above today’s ($68.95) share price. CMCSA was included in 32 notes of analysts from July 27, 2015. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Neutral” rating given on Wednesday, November 11 by Suntrust Robinson. Nomura maintained Comcast Corporation (NASDAQ:CMCSA) on Monday, June 27 with “Buy” rating. Telsey Advisory Group maintained Comcast Corporation (NASDAQ:CMCSA) on Friday, August 19 with “Outperform” rating. The firm has “Buy” rating by Wunderlich given on Wednesday, August 26. The rating was maintained by Pivotal Research on Thursday, December 17 with “Buy”. The stock has “Buy” rating given by Argus Research on Friday, February 5. The stock has “Buy” rating given by Nomura on Tuesday, December 8. As per Wednesday, January 6, the company rating was maintained by Credit Suisse. Pivotal Research maintained it with “Buy” rating and $90 target price in Tuesday, September 27 report. The firm earned “Outperform” rating on Monday, July 27 by RBC Capital Markets.

CMCSA Company Profile

Comcast Corporation, incorporated on December 7, 2001, is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. The Company’s Comcast Cable business operates through Cable Communications segment. The Company’s NBCUniversal business consists of four divisions, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks. The Company’s other business interests consists of Comcast Spectacor, which owns the Philadelphia Flyers, and the Wells Fargo Center arena in Philadelphia, Pennsylvania, and operates from arena management-related businesses.

More news for Comcast Corporation (NASDAQ:CMCSA) were recently published by: Fool.com, which released: “Better Buy: Comcast Corporation vs. Charter Communications” on November 14, 2016. Businesswire.com‘s article titled: “Comcast Announces Agreements with Two New Hispanic American-Owned Independent …” and published on November 15, 2016 is yet another important article.

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By Peter Erickson


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