Patriot Financial Partners Gp LP Has Trimmed Position in Sterling Bancorp (STL) by $12.92 Billion as Stock Price Declined; Campbell Newman Asset Management Has Decreased Its Stake in Comcast Corp. Class A (CMCSA) by $655,600 as Share Value Declined

April 16, 2018 - By Richard Conner

Comcast Corporation (NASDAQ:CMCSA) Logo

Campbell Newman Asset Management Inc decreased its stake in Comcast Corp. Class A (CMCSA) by 4.38% based on its latest 2017Q4 regulatory filing with the SEC. Campbell Newman Asset Management Inc sold 16,390 shares as the company’s stock declined 19.10% with the market. The institutional investor held 357,707 shares of the television services company at the end of 2017Q4, valued at $14.33 million, down from 374,097 at the end of the previous reported quarter. Campbell Newman Asset Management Inc who had been investing in Comcast Corp. Class A for a number of months, seems to be less bullish one the $153.36 billion market cap company. The stock decreased 0.33% or $0.11 during the last trading session, reaching $33.02. About 19.85M shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 11.10% since April 16, 2017 and is downtrending. It has underperformed by 22.65% the S&P500.

Patriot Financial Partners Gp Lp decreased its stake in Sterling Bancorp (STL) by 50.05% based on its latest 2017Q4 regulatory filing with the SEC. Patriot Financial Partners Gp Lp sold 525,000 shares as the company’s stock declined 13.09% with the market. The hedge fund held 523,980 shares of the major banks company at the end of 2017Q4, valued at $12.89 billion, down from 1.05M at the end of the previous reported quarter. Patriot Financial Partners Gp Lp who had been investing in Sterling Bancorp for a number of months, seems to be less bullish one the $5.01 billion market cap company. The stock decreased 2.63% or $0.6 during the last trading session, reaching $22.2. About 2.55 million shares traded or 32.71% up from the average. Sterling Bancorp (NYSE:STL) has declined 5.12% since April 16, 2017 and is downtrending. It has underperformed by 16.67% the S&P500.

Since December 14, 2017, it had 0 insider purchases, and 10 insider sales for $62.55 million activity. 18,839 Comcast Corporation (NASDAQ:CMCSA) shares with value of $635,776 were sold by BLOCK ARTHUR R. 131,447 shares were sold by WATSON DAVID N, worth $4.84 million. 1,891 Comcast Corporation (NASDAQ:CMCSA) shares with value of $67,320 were sold by Murdock Daniel C.. Shares for $22.57 million were sold by ROBERTS BRIAN L on Thursday, December 14.

Among 32 analysts covering Comcast Corporation (NASDAQ:CMCSA), 23 have Buy rating, 1 Sell and 8 Hold. Therefore 72% are positive. Comcast Corporation had 82 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, January 30. The firm earned “Buy” rating on Tuesday, December 19 by Guggenheim. The firm has “Buy” rating by Argus Research given on Friday, February 5. Bank of America maintained it with “Buy” rating and $54 target in Thursday, January 25 report. Jefferies maintained it with “Buy” rating and $4700 target in Thursday, July 6 report. Deutsche Bank upgraded it to “Buy” rating and $8 target in Friday, January 13 report. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, January 31. The company was upgraded on Monday, October 24 by Macquarie Research. Barclays Capital maintained Comcast Corporation (NASDAQ:CMCSA) on Friday, October 27 with “Overweight” rating. On Wednesday, February 28 the stock rating was downgraded by Macquarie Research to “Neutral”.

Campbell Newman Asset Management Inc, which manages about $443.30M and $593.24M US Long portfolio, upped its stake in Te Connectivity Limited Reg Sh (NYSE:TEL) by 35,739 shares to 168,568 shares, valued at $16.02 million in 2017Q4, according to the filing.

Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on April, 26. They expect $0.61 earnings per share, up 15.09% or $0.08 from last year’s $0.53 per share. CMCSA’s profit will be $2.83 billion for 13.53 P/E if the $0.61 EPS becomes a reality. After $0.49 actual earnings per share reported by Comcast Corporation for the previous quarter, Wall Street now forecasts 24.49% EPS growth.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.10, from 1.03 in 2017Q3. It is 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. Prudential Plc holds 0.73% or 5.96M shares. Mairs And Pwr Inc holds 0% or 6,710 shares in its portfolio. The California-based Ssi Inv Inc has invested 0.03% in Comcast Corporation (NASDAQ:CMCSA). 969 were accumulated by Jnba Fincl Advisors. Ghp Investment Advsr accumulated 0.32% or 55,671 shares. Marathon Capital Mgmt reported 9,160 shares or 0.14% of all its holdings. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested 0.69% in Comcast Corporation (NASDAQ:CMCSA). Alexandria Limited holds 1.49% or 256,581 shares. Capital Associates New York accumulated 19,700 shares or 1.13% of the stock. Ubs Asset Management Americas accumulated 0.69% or 20.45 million shares. Zweig has invested 1.96% in Comcast Corporation (NASDAQ:CMCSA). Fund Evaluation Gp Ltd Liability Co has 60,000 shares. Mufg Americas Corp accumulated 632,682 shares or 0.76% of the stock. Garde Cap has invested 0.04% in Comcast Corporation (NASDAQ:CMCSA). Hudock Cap Limited Com holds 0.04% or 2,227 shares.

Analysts await Sterling Bancorp (NYSE:STL) to report earnings on April, 24. They expect $0.45 earnings per share, up 45.16% or $0.14 from last year’s $0.31 per share. STL’s profit will be $101.45 million for 12.33 P/E if the $0.45 EPS becomes a reality. After $0.39 actual earnings per share reported by Sterling Bancorp for the previous quarter, Wall Street now forecasts 15.38% EPS growth.

Among 12 analysts covering Sterling Bancorp (NYSE:STL), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Sterling Bancorp had 40 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Buy” rating by Piper Jaffray on Tuesday, October 3. The rating was maintained by Maxim Group on Wednesday, July 26 with “Buy”. The firm earned “Buy” rating on Monday, October 2 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, January 24 by Maxim Group. Maxim Group maintained Sterling Bancorp (NYSE:STL) on Wednesday, October 25 with “Buy” rating. Keefe Bruyette & Woods maintained the shares of STL in report on Thursday, December 21 with “Buy” rating. FBR Capital maintained it with “Hold” rating and $25 target in Friday, May 5 report. The company was upgraded on Wednesday, January 11 by PiperJaffray. Maxim Group maintained Sterling Bancorp (NYSE:STL) rating on Wednesday, March 8. Maxim Group has “Buy” rating and $30 target. The stock has “Mkt Perform” rating by FBR Capital on Tuesday, April 11.

Comcast Corporation (NASDAQ:CMCSA) Institutional Positions Chart

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