Scotiabank Boosts Comcast’s Outlook: What You Need to Know
Fintel reports that on November 1, 2024, Scotiabank upgraded their outlook for Comcast (SNSE:CMCSACL) from Sector Perform to Sector Outperform.
Current Fund Sentiment on Comcast
There are now 3,710 funds or institutions reporting positions in Comcast, which marks a decline of 90 owners or 2.37% since the last quarter. The average portfolio weight dedicated to CMCSACL has increased by 2.95% to 0.57%. However, total shares owned by institutions have decreased by 0.96% over the last three months, bringing the total to 3,892,306K shares.
Recent Moves by Major Shareholders
Capital World Investors now holds 128,148K shares, accounting for 3.32% of the company. This reflects a significant increase of 9.71% from 115,703K shares reported in its previous filing, although its percentage allocation to CMCSACL decreased by 1.43% over the quarter.
The Vanguard Total Stock Market Index Fund Investor Shares holds 123,606K shares, representing 3.20% ownership. Their last reported figure was 124,518K shares, showing a modest decrease of 0.74%. The allocation in CMCSACL also fell by 12.80% in the last quarter.
Vanguard 500 Index Fund Investor Shares counts 100,460K shares for 2.60% ownership, up from 99,846K shares, marking a slight increase of 0.61%. However, its portion dedicated to CMCSACL decreased by 13.96% recently.
JPMorgan Chase holds 86,410K shares, which is a decrease of 12.71% from 97,397K shares previously reported. This institution has lowered its portfolio allocation in CMCSACL by 22.17% over the past quarter.
Geode Capital Management’s stake includes 85,791K shares or 2.22% ownership, up from 83,684K shares, reflecting a 2.46% increase. Yet, its allocation of CMCSACL shares decreased by 12.13% quarter-over-quarter.
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