Chevron (CVX) Holder Cornerstone Investment Partners Has Decreased Its Holding as Shares Declined; As Comcast Com Usd0.01 Cl A (CMCSA) Share Price Declined, Holder Veritas Investment Management Llp Increased Its Stake

May 24, 2018 - By Marguerite Chambers

Comcast Corporation (NASDAQ:CMCSA) Logo

Cornerstone Investment Partners Llc decreased its stake in Chevron Corp (CVX) by 6.53% based on its latest 2017Q4 regulatory filing with the SEC. Cornerstone Investment Partners Llc sold 88,688 shares as the company’s stock declined 8.26% with the market. The institutional investor held 1.27M shares of the integrated oil company at the end of 2017Q4, valued at $159.03 million, down from 1.36M at the end of the previous reported quarter. Cornerstone Investment Partners Llc who had been investing in Chevron Corp for a number of months, seems to be less bullish one the $242.21B market cap company. The stock decreased 1.52% or $1.955 during the last trading session, reaching $126.745. About 3.23M shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since May 24, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Veritas Investment Management Llp increased its stake in Comcast Corp Com Usd0.01 Cl A (CMCSA) by 3.17% based on its latest 2017Q4 regulatory filing with the SEC. Veritas Investment Management Llp bought 59,685 shares as the company’s stock declined 19.10% with the market. The institutional investor held 1.94 million shares of the television services company at the end of 2017Q4, valued at $77.86 million, up from 1.88M at the end of the previous reported quarter. Veritas Investment Management Llp who had been investing in Comcast Corp Com Usd0.01 Cl A for a number of months, seems to be bullish on the $145.37B market cap company. The stock decreased 0.91% or $0.29 during the last trading session, reaching $31.59. About 15.64 million shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 11.10% since May 24, 2017 and is downtrending. It has underperformed by 22.65% the S&P500.

Veritas Investment Management Llp, which manages about $722.58M US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 88,431 shares to 1.00M shares, valued at $85.85 million in 2017Q4, according to the filing. It also reduced its holding in Berkshire Hathaway Inc Cl B (BRKB) by 1,580 shares in the quarter, leaving it with 325,543 shares, and cut its stake in Thermo Fisher Scientific Inc (NYSE:TMO).

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Bizjournals.com which released: “By Jim Carchidi – Photojournalist, Orlando Business Journal” on May 23, 2018, also Seekingalpha.com with their article: “Comcast: Near all-cash offer for parts of Fox” published on May 23, 2018, Bizjournals.com published: “Netflix market cap hits $150 billion — surpassing Disney, at least for a moment” on May 24, 2018. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Nasdaq.com and their article: “Comcast Xfinity Website Bug Leaked Customer Data” published on May 23, 2018 as well as Nasdaq.com‘s news article titled: “Consumer Satisfaction With Cable, Internet Service Providers Drops Again” with publication date: May 24, 2018.

Investors sentiment decreased to 0.93 in 2017 Q4. 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. Consulate Inc invested 0.13% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Ameritas Inc has 0.5% invested in Comcast Corporation (NASDAQ:CMCSA) for 268,222 shares. Moreover, Alpine Woods Invsts Ltd Limited Liability Company has 0.91% invested in Comcast Corporation (NASDAQ:CMCSA). Advantus Cap Mgmt holds 0.47% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 474,729 shares. 117,588 were reported by Thompson Siegel Walmsley Ltd Liability. Utah Retirement Sys, Utah-based fund reported 863,914 shares. Goodnow Investment Grp Limited Liability Company has 25,010 shares for 0.18% of their portfolio. Jnba has 0.01% invested in Comcast Corporation (NASDAQ:CMCSA) for 969 shares. Guinness Asset Management holds 1.11% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 132,460 shares. Louisiana State Employees Retirement Systems has invested 0.51% in Comcast Corporation (NASDAQ:CMCSA). Perigon Wealth Management Limited Com invested in 1.49% or 99,907 shares. Mastrapasqua Asset Management accumulated 160,711 shares. Alphamark Advsrs Limited Liability Company has 384 shares. Us Savings Bank De holds 0.2% in Comcast Corporation (NASDAQ:CMCSA) or 1.61 million shares. Moreover, Ashfield Capital Ltd has 0.19% invested in Comcast Corporation (NASDAQ:CMCSA).

Since December 14, 2017, it had 0 insider purchases, and 11 sales for $62.58 million activity. 691,105 shares were sold by ROBERTS BRIAN L, worth $25.24M. WATSON DAVID N had sold 131,447 shares worth $4.84 million on Tuesday, March 6. 916 shares were sold by Murdock Daniel C., worth $30,411. BURKE STEPHEN B also sold $8.11 million worth of Comcast Corporation (NASDAQ:CMCSA) shares.

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. The firm earned “Buy” rating on Thursday, January 19 by HSBC. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Buy” rating given on Thursday, July 23 by Pivotal Research. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Sector Weight” rating by Pacific Crest on Friday, January 27. On Thursday, July 6 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Outperform” rating on Monday, October 24 by Macquarie Research. The company was maintained on Tuesday, January 30 by RBC Capital Markets. MoffettNathanson upgraded the shares of CMCSA in report on Wednesday, August 19 to “Neutral” rating. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Buy” rating given on Thursday, January 25 by Jefferies. Scotia Capital maintained it with “Buy” rating and $52.0 target in Friday, January 19 report. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Buy” rating given on Friday, October 27 by Nomura.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “Chevron 2018 Turns Into A Cash Machine” on May 03, 2018, also Schaeffersresearch.com with their article: “2 Dow Stocks to Avoid Next Week” published on May 24, 2018, Seekingalpha.com published: “Chevron: A Dividend Stock I’ll Never Buy” on May 17, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Chevron Impresses In The Permian” published on May 11, 2018 as well as Seekingalpha.com‘s news article titled: “Chevron: I Was Wrong” with publication date: May 07, 2018.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 122 analyst reports since August 4, 2015 according to SRatingsIntel. As per Wednesday, October 18, the company rating was maintained by Morgan Stanley. On Wednesday, June 21 the stock rating was downgraded by Macquarie Research to “Neutral”. The firm earned “Buy” rating on Wednesday, December 16 by Argus Research. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, June 22. The firm has “Sector Perform” rating given on Friday, February 9 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Tuesday, January 30 with “Sell”. Citigroup maintained the stock with “Buy” rating in Monday, October 30 report. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Monday, February 5 by Piper Jaffray. The firm has “Outperform” rating given on Wednesday, March 9 by Wolfe Research. The stock has “Hold” rating by BNP Paribas on Monday, August 7.

Cornerstone Investment Partners Llc, which manages about $8.61B and $4.60B US Long portfolio, upped its stake in Alphabet Inc Class A by 1,826 shares to 182,142 shares, valued at $191.87 million in 2017Q4, according to the filing. It also increased its holding in United Parcel Service Inc. (NYSE:UPS) by 2,720 shares in the quarter, for a total of 14,390 shares, and has risen its stake in Fedex Corp (NYSE:FDX).

Since April 17, 2018, it had 0 buys, and 8 selling transactions for $48.52 million activity. $17.55M worth of stock was sold by Yarrington Patricia E on Friday, May 11. $16.64M worth of Chevron Corporation (NYSE:CVX) was sold by Wirth Michael K on Monday, May 7. Pate R. Hewitt sold 25,500 shares worth $3.31M. Breber Pierre R had sold 25,000 shares worth $3.26M.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>