Checchi Capital Advisers Stake in Comcast New (CMCSA) Has Trimmed by $388,416; Jarislowsky Fraser LTD Continues to Hold Position in Stantec (STN)

June 19, 2018 - By Richard Conner

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Checchi Capital Advisers Llc decreased its stake in Comcast Corp New (CMCSA) by 21.77% based on its latest 2018Q1 regulatory filing with the SEC. Checchi Capital Advisers Llc sold 11,424 shares as the company’s stock declined 19.78% with the market. The institutional investor held 41,056 shares of the television services company at the end of 2018Q1, valued at $1.40 million, down from 52,480 at the end of the previous reported quarter. Checchi Capital Advisers Llc who had been investing in Comcast Corp New for a number of months, seems to be less bullish one the $150.98 billion market cap company. The stock increased 0.71% or $0.23 during the last trading session, reaching $32.81. About 27.73 million shares traded or 0.12% up from the average. Comcast Corporation (NASDAQ:CMCSA) has declined 21.29% since June 19, 2017 and is downtrending. It has underperformed by 33.86% the S&P500. Some Historical CMCSA News: 25/04/2018 – Comcast Anticipates Acquisition to Complete Before End 2018; 23/05/2018 – Fortune: Comcast Is Preparing an All-Cash Bid to Break Up the Disney-Fox Marriage; 23/05/2018 – Comcast Confirms It May Top Disney’s Bid for Fox Entertainment; 25/04/2018 – FOX 5 Atlanta: #BREAKING: (AP) U.S. media company Comcast launches 22 billion pound ($30 billion) bid for Sky in move that; 25/04/2018 – COMCAST CORP – COMCAST INTENDS TO ESTABLISH SKY NEWS BOARD AND INTENDS TO COMMIT THAT FOR A PERIOD OF 10 YEARS; 18/04/2018 – More Than 40 Boys & Girls Clubs Nationwide To Benefit From 17th Annual Comcast Cares Day; 25/04/2018 – Comcast Pursues Sky While Assessing Bigger Move for Fox Assets — 4th Update; 10/05/2018 – Comcast to match Disney break fee in race for Fox; 23/05/2018 – Hohn Unconcerned About Regulatory Risk of Closing a Comcast-Fox Deal — Letter; 10/05/2018 – Comcast is planning to make a $60 billion, all-cash offer for some of Fox’s assets – including $2.5 billion in break-up fees if the deal runs into regulatory trouble

Jarislowsky Fraser Ltd increased its stake in Stantec Inc (STN) by 5.31% based on its latest 2018Q1 regulatory filing with the SEC. Jarislowsky Fraser Ltd bought 544,877 shares as the company’s stock declined 0.59% with the market. The institutional investor held 10.80M shares of the military and government and technical company at the end of 2018Q1, valued at $266.24 million, up from 10.25 million at the end of the previous reported quarter. Jarislowsky Fraser Ltd who had been investing in Stantec Inc for a number of months, seems to be bullish on the $2.98B market cap company. The stock decreased 0.77% or $0.2 during the last trading session, reaching $25.7. About 6,054 shares traded. Stantec Inc. (NYSE:STN) has risen 7.45% since June 19, 2017 and is uptrending. It has underperformed by 5.12% the S&P500. Some Historical STN News: 08/05/2018 – Stantec Selected to Design Hampstead Bypass and US 17 Improvements in Hampstead in New Hanover and Pender Counties, North; 26/04/2018 – Stantec Signs Letter Of Intent To Acquire Cegertec; 23/05/2018 – Stantec Tower Reaches New Heights as Edmonton’s Tallest Tower; 23/05/2018 – Stantec Tower Reaches New Heights as Edmonton’s Tallest Tower; 31/05/2018 – Stantec to Lead Environmental Assessment for Deepwater Wind Project in Maryland; 19/03/2018 – STANTEC INC – SIGNED A LETTER OF INTENT TO ACQUIRE NORWEST CORPORATION; 26/04/2018 – STANTEC INC – HAS INITIATED A STRATEGIC REVIEW FOR MWH CONSTRUCTORS, STANTEC TREATMENT AND SLAYDEN; 14/05/2018 – Stantec Takes Part in $55 Billion in Active Projects, Led by LNG Complex, Other Energy Feats, an Industrial Info News Alert; 15/05/2018 – Stantec to Work with Western Michigan University to Transform Main Campus South Neighborhood; 10/05/2018 – Stantec 1Q Adj EPS C$0.42

Among 6 analysts covering Stantec (NYSE:STN), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Stantec had 15 analyst reports since July 22, 2015 according to SRatingsIntel. The company was downgraded on Thursday, April 14 by DA Davidson. The stock has “Outperform” rating by Raymond James on Friday, May 13. RBC Capital Markets maintained Stantec Inc. (NYSE:STN) on Friday, November 6 with “Sector Perform” rating. As per Friday, February 26, the company rating was downgraded by Raymond James. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, August 7. TD Securities maintained the stock with “Hold” rating in Friday, August 7 report. The company was upgraded on Wednesday, August 17 by National Bank Canada. The company was upgraded on Friday, May 12 by Desjardins Securities. The rating was downgraded by RBC Capital Markets on Wednesday, July 22 to “Sector Perform”. The firm earned “Hold” rating on Friday, October 2 by Canaccord Genuity.

Investors sentiment decreased to 0.72 in 2018 Q1. Its down 0.33, from 1.05 in 2017Q4. It worsened, as 13 investors sold STN shares while 33 reduced holdings. 6 funds opened positions while 27 raised stakes. 63.69 million shares or 2.02% more from 62.43 million shares in 2017Q4 were reported. Aperio Group Inc Limited Liability Corp accumulated 9,651 shares. Credit Suisse Ag holds 0% or 87,865 shares. Wellington Llp owns 101,502 shares. Swiss Bank reported 208,170 shares. Guardian Limited Partnership has invested 1.13% in Stantec Inc. (NYSE:STN). Goldman Sachs Grp Incorporated invested in 0% or 48,368 shares. 132,900 are held by Renaissance Techs Ltd. Wg Shaheen And Associates Dba Whitney And Company invested in 274 shares or 0% of the stock. Royal Natl Bank Of Canada owns 7.64M shares for 0.08% of their portfolio. Envestnet Asset Mngmt reported 89 shares stake. Riverhead Management Limited Liability Corp owns 300 shares. Apg Asset Mgmt Nv has 50,300 shares for 0% of their portfolio. Franklin Resource reported 0.07% of its portfolio in Stantec Inc. (NYSE:STN). 56,200 were accumulated by Acadian Asset Management Llc. Toronto Dominion Bancorporation has 0.01% invested in Stantec Inc. (NYSE:STN).

More news for Stantec Inc. (NYSE:STN) were recently published by: Businesswire.com, which released: “Stantec to Lead Environmental Assessment for Deepwater Wind Project in Maryland” on May 31, 2018. Profitconfidential.com‘s article titled: “Stantec Stock: A Play on Global Infrastructure That’s Looking to Break Higher” and published on May 22, 2018 is yet another important article.

Jarislowsky Fraser Ltd, which manages about $33.95 billion and $16.05B US Long portfolio, decreased its stake in Royal Bank Of Canada (NYSE:RY) by 129,114 shares to 16.12M shares, valued at $1.24 billion in 2018Q1, according to the filing. It also reduced its holding in Travelers Companies Inc. (NYSE:TRV) by 7,191 shares in the quarter, leaving it with 28,738 shares, and cut its stake in Us Bancorp (NYSE:USB).

Among 33 analysts covering Comcast Corporation (NASDAQ:CMCSA), 24 have Buy rating, 1 Sell and 8 Hold. Therefore 73% are positive. Comcast Corporation had 86 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, April 28. The company was maintained on Friday, August 4 by Argus Research. The rating was maintained by Barclays Capital on Friday, October 27 with “Overweight”. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Outperform” rating given on Monday, October 24 by Macquarie Research. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Outperform” rating by Wells Fargo on Thursday, January 25. On Friday, January 13 the stock rating was upgraded by Deutsche Bank to “Buy”. The firm has “Buy” rating by Argus Research given on Friday, February 5. Jefferies maintained it with “Buy” rating and $4700 target in Thursday, July 6 report. On Wednesday, May 4 the stock rating was maintained by Goldman Sachs with “Buy”. The firm has “Buy” rating by Jefferies given on Thursday, January 25.

Checchi Capital Advisers Llc, which manages about $305.00 million and $758.78 million US Long portfolio, upped its stake in Spdr Series Trust (IBND) by 10,881 shares to 172,640 shares, valued at $6.22 million in 2018Q1, according to the filing. It also increased its holding in Ishares Tr (MBB) by 5,755 shares in the quarter, for a total of 128,819 shares, and has risen its stake in Alphabet Inc.

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Nasdaq.com which released: “A Safe Dividend Makes Verizon Communications Inc. Stock a Safe Bet” on June 19, 2018, also Seekingalpha.com with their article: “M&A hangs on AT&T-Time Warner deal” published on June 12, 2018, Seekingalpha.com published: “Netflix takes crown of media world” on May 25, 2018. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Seekingalpha.com and their article: “Wall Street Breakfast: China Labels It A ‘Trade War'” published on June 19, 2018 as well as Seekingalpha.com‘s news article titled: “Comcast: What Price Diversification?” with publication date: June 16, 2018.

Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on July, 26. They expect $0.61 earnings per share, up 17.31% or $0.09 from last year’s $0.52 per share. CMCSA’s profit will be $2.81 billion for 13.45 P/E if the $0.61 EPS becomes a reality. After $0.62 actual earnings per share reported by Comcast Corporation for the previous quarter, Wall Street now forecasts -1.61% negative EPS growth.

Comcast Corporation (NASDAQ:CMCSA) Institutional Positions Chart

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