Santa Barbara Asset Management Has Increased Its Position in Comcast New (CMCSA) by $82.26 Million; Grupo Financiero Galicia S A (GGAL) Stock Declined While Hsbc Holdings Plc Has Lowered by $17.56 Million Its Position

May 26, 2018 - By Adrian Mccoy

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Logo

Santa Barbara Asset Management Llc increased its stake in Comcast Corp New (CMCSA) by 88.56% based on its latest 2017Q4 regulatory filing with the SEC. Santa Barbara Asset Management Llc bought 2.06 million shares as the company’s stock declined 19.10% with the market. The institutional investor held 4.38M shares of the television services company at the end of 2017Q4, valued at $175.36 million, up from 2.32M at the end of the previous reported quarter. Santa Barbara Asset Management Llc who had been investing in Comcast Corp New for a number of months, seems to be bullish on the $146.10B market cap company. The stock increased 0.38% or $0.12 during the last trading session, reaching $31.75. About 11.09M shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 11.10% since May 26, 2017 and is downtrending. It has underperformed by 22.65% the S&P500.

Hsbc Holdings Plc decreased its stake in Grupo Financiero Galicia S A (GGAL) by 70.35% based on its latest 2017Q4 regulatory filing with the SEC. Hsbc Holdings Plc sold 270,206 shares as the company’s stock declined 0.09% with the market. The institutional investor held 113,875 shares of the commercial banks company at the end of 2017Q4, valued at $7.50 million, down from 384,081 at the end of the previous reported quarter. Hsbc Holdings Plc who had been investing in Grupo Financiero Galicia S A for a number of months, seems to be less bullish one the $6.18B market cap company. The stock increased 0.39% or $0.17 during the last trading session, reaching $43.66. About 412,937 shares traded. Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has risen 69.37% since May 26, 2017 and is uptrending. It has outperformed by 57.82% the S&P500.

Since December 14, 2017, it had 0 buys, and 11 sales for $62.58 million activity. WATSON DAVID N sold $4.84 million worth of stock. On Thursday, December 14 ROBERTS BRIAN L sold $22.57 million worth of Comcast Corporation (NASDAQ:CMCSA) or 583,835 shares. $30,411 worth of Comcast Corporation (NASDAQ:CMCSA) was sold by Murdock Daniel C. on Tuesday, April 17. 190,756 shares were sold by BURKE STEPHEN B, worth $8.11M.

Santa Barbara Asset Management Llc, which manages about $4.47 billion and $6.61B US Long portfolio, decreased its stake in Honeywell Intl Inc (NYSE:HON) by 9,548 shares to 1.18M shares, valued at $180.80 million in 2017Q4, according to the filing. It also reduced its holding in Union Pac Corp (NYSE:UNP) by 15,194 shares in the quarter, leaving it with 1.12 million shares, and cut its stake in Chubb Limited.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.10, from 1.03 in 2017Q3. It dived, 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. 35.22 million are owned by Wells Fargo & Co Mn. Qs Investors reported 518,833 shares or 0.2% of all its holdings. Pinnacle Associate holds 803,428 shares or 0.62% of its portfolio. Mariner Wealth Advsrs Ltd Liability Company accumulated 64,340 shares. Montgomery Inv Mgmt Inc invested in 15,966 shares or 0.26% of the stock. Webster Bancorp N A invested in 7,621 shares. Bbva Compass Bankshares reported 0.64% in Comcast Corporation (NASDAQ:CMCSA). Private Asset Management invested in 7,568 shares. Welch & Forbes Llc holds 0.86% or 801,597 shares. Comerica National Bank & Trust has invested 0.37% in Comcast Corporation (NASDAQ:CMCSA). Moreover, Engineers Gate Manager Ltd Partnership has 0.31% invested in Comcast Corporation (NASDAQ:CMCSA). Valueworks Limited Liability Com reported 168,835 shares or 5.03% of all its holdings. Sii Wi stated it has 0.13% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Mraz Amerine & has invested 0.07% in Comcast Corporation (NASDAQ:CMCSA). Decatur Cap has invested 2.1% of its portfolio in Comcast Corporation (NASDAQ:CMCSA).

Among 32 analysts covering Comcast Corporation (NASDAQ:CMCSA), 24 have Buy rating, 1 Sell and 7 Hold. Therefore 75% are positive. Comcast Corporation had 84 analyst reports since July 27, 2015 according to SRatingsIntel. As per Friday, February 5, the company rating was upgraded by Argus Research. On Thursday, January 18 the stock rating was downgraded by Instinet to “Neutral”. RBC Capital Markets maintained Comcast Corporation (NASDAQ:CMCSA) on Monday, July 27 with “Outperform” rating. Jefferies maintained the stock with “Buy” rating in Thursday, July 6 report. Guggenheim maintained the shares of CMCSA in report on Friday, January 26 with “Buy” rating. The company was maintained on Thursday, July 23 by Pivotal Research. The firm has “Sell” rating given on Wednesday, July 26 by Citigroup. Nomura maintained the shares of CMCSA in report on Friday, October 27 with “Buy” rating. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Buy” rating by Oppenheimer on Thursday, July 27. Wells Fargo maintained it with “Buy” rating and $49.0 target in Monday, October 23 report.

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Nasdaq.com which released: “Walt Disney vs. Comcast: The Fox Drama Continues” on May 25, 2018, also Nasdaq.com with their article: “Consumer Satisfaction With Cable, Internet Service Providers Drops Again” published on May 24, 2018, Nasdaq.com published: “As Comcast Torpedoes Disney’s Fox Deal, Which Stocks Emerge a Buy?” on May 15, 2018. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Seekingalpha.com and their article: “Netflix takes crown of media world” published on May 25, 2018 as well as Investorplace.com‘s news article titled: “Trade of the Day: Twenty-First Century Fox, Inc. (FOXA)” with publication date: May 25, 2018.

Comcast Corporation (NASDAQ:CMCSA) Institutional Positions Chart

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