Institutional Investors' Sentiment on Comcast Revealed

2024-03-12

According to data from the quarter ending December 31, 2023, Comcast (CMCSA) was revealed as a favored choice among institutional investors. During this period, 2349 hedge funds were identified as holding a significant number of CMCSA shares, collectively amounting to 3,374,171,719 shares. Moreover, 53 ETFs were found to have a stake in Comcast, collectively holding 162,154,141 shares.

Among the top institutional holders of Comcast shares were Vanguard Group Inc., BlackRock Inc., and State Street Corp. These institutions were noted for holding substantial amounts of CMCSA shares, which indicated a high level of confidence in the company.

Throughout the last quarter, it was observed that 905 hedge funds were actively buying CMCSA shares, while 1,082 were selling. This mixed sentiment among hedge funds towards Comcast was an interesting trend. Notably, 75 hedge funds were seen to have doubled their position on CMCSA, while 12 funds opted to sell at least 90% of their shares.

The institutional landscape also revealed varying degrees of optimism and pessimism towards Comcast. BlackRock Inc., Capital International Investors, and Wellington Management Group LLP were among the most pessimistic institutions, while Capital World Investors, State Street Corp, and Norges Bank emerged as the most optimistic institutions.

This data, sourced from sharkstracker.com, provided a data-driven perspective of the market, empowering investors to make informed decisions based on the institutional activity surrounding Comcast.