Meeder Asset Management Has Boosted Prudential Financial (PRU) Holding; Dodge & Cox Has Lifted Comcast (CMCSA) Position by $283.52 Million as Share Value Declined

June 14, 2018 - By Vivian Park

Comcast Corporation (NASDAQ:CMCSA) Logo

Dodge & Cox increased its stake in Comcast Corp (CMCSA) by 8.92% based on its latest 2018Q1 regulatory filing with the SEC. Dodge & Cox bought 8.34 million shares as the company’s stock declined 19.78% with the market. The institutional investor held 101.78M shares of the television services company at the end of 2018Q1, valued at $3.48B, up from 93.44M at the end of the previous reported quarter. Dodge & Cox who had been investing in Comcast Corp for a number of months, seems to be bullish on the $154.27B market cap company. The stock increased 3.73% or $1.205 during the last trading session, reaching $33.525. About 23.56M shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 21.29% since June 14, 2017 and is downtrending. It has underperformed by 33.86% the S&P500. Some Historical CMCSA News: 21/05/2018 – SKY SKY RESPONDS TO DCMS ANNOUNCEMENT ON COMCAST OFFER; 18/04/2018 – Comcast Bid 16% More Than Disney for 21st Century Fox, Filing Shows; 08/05/2018 – On Monday, CNBC reported Comcast would make a bid for Fox if the U.S. government approves AT&T’s acquisition of Time Warner; 25/04/2018 – COMCAST SAYS EXPECT CAPITAL SPENDING COMPOSITION TO CONTINUE SHIFT TOWARDS CONNECTIVITY-DRIVEN BROADBAND INFRASTRUCTURE SPENDING – EARNINGS CALL; 03/04/2018 – Disney vs. Comcast: Stay Tuned for Sky Bidding — Heard on the Street; 07/05/2018 – Fred Katayama: Exclusive: Comcast prepares to crash the party between Disney-Fox with an all-cash bid; 25/04/2018 – Comcast makes £22bn formal bid for Sky; 08/05/2018 – NBC10 Philadelphia: President Trump intends to withdraw the United States from the landmark Iran nuclear accord, sources tell; 26/04/2018 – Comcast and Tile Partner on First-of-Its-Kind Video and Voice Control Integration; 23/05/2018 – Comcast Considering Cash Offer to Buy Twenty-First Century Fox

Meeder Asset Management Inc increased its stake in Prudential Financial (PRU) by 1399.62% based on its latest 2018Q1 regulatory filing with the SEC. Meeder Asset Management Inc bought 37,118 shares as the company’s stock declined 9.17% with the market. The institutional investor held 39,770 shares of the finance company at the end of 2018Q1, valued at $4.12M, up from 2,652 at the end of the previous reported quarter. Meeder Asset Management Inc who had been investing in Prudential Financial for a number of months, seems to be bullish on the $41.47B market cap company. The stock decreased 0.57% or $0.56 during the last trading session, reaching $98.74. About 769,324 shares traded. Prudential Financial, Inc. (NYSE:PRU) has declined 5.66% since June 14, 2017 and is downtrending. It has underperformed by 18.23% the S&P500. Some Historical PRU News: 19/04/2018 – DJ Prudential Financial Inc, Inst Holders, 1Q 2018 (PRU); 09/05/2018 – Hawaii renews agreement with Prudential Retirement to manage $2.4 billion plan; 23/03/2018 – Fitch Rates Prudential Financial’s Senior Debt Issuance ‘A-‘; 30/04/2018 – Two District of Columbia youth honored for volunteerism at national award ceremony in Washington, D.C; 17/04/2018 – Ken Poliziani named PGlM’s chief marketing officer, to lead global brand growth; 30/04/2018 – Two Wisconsin youth honored for volunteerism at national award ceremony in Washington, D.C; 30/04/2018 – Brandon Warren of Indianapolis, Indiana named one of America’s top 10 youth volunteers of 2018; 30/04/2018 – Rosie Colucci of Palatine, Illinois named one of America’s top 10 youth volunteers of 2018; 17/04/2018 – Jersey City renews $208 million government plan with Prudential Retirement; 04/05/2018 – “Tech is having a good day and obviously Apple is helping. The Warren Buffett headlines have helped give momentum to share prices,” said Quincy Krosby, chief market strategist at Prudential Financial

Meeder Asset Management Inc, which manages about $3.85B and $1.08 billion US Long portfolio, decreased its stake in Fti Consulting Inc (NYSE:FCN) by 15,510 shares to 1,587 shares, valued at $76,000 in 2018Q1, according to the filing. It also reduced its holding in Annaly Capital (NYSE:NLY) by 330,372 shares in the quarter, leaving it with 78,750 shares, and cut its stake in Cadence Design (NASDAQ:CDNS).

Since February 20, 2018, it had 0 insider buys, and 1 sale for $4.43 million activity.

Among 16 analysts covering Prudential Financial (NYSE:PRU), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Prudential Financial had 57 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained Prudential Financial, Inc. (NYSE:PRU) rating on Tuesday, September 5. RBC Capital Markets has “Hold” rating and $117.0 target. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, April 5. The stock of Prudential Financial, Inc. (NYSE:PRU) has “Hold” rating given on Friday, February 9 by Deutsche Bank. The rating was upgraded by RBC Capital Markets to “Buy” on Monday, February 12. RBC Capital Markets maintained it with “Hold” rating and $117.0 target in Friday, October 6 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Friday, November 10. Morgan Stanley maintained it with “Equal-Weight” rating and $131 target in Thursday, February 8 report. The rating was maintained by FBR Capital on Monday, May 16 with “Outperform”. On Wednesday, June 29 the stock rating was downgraded by Bank of America to “Underperform”. FBR Capital maintained the shares of PRU in report on Monday, November 28 with “Mkt Perform” rating.

Investors sentiment decreased to 1.16 in 2018 Q1. Its down 0.02, from 1.18 in 2017Q4. It turned negative, as 44 investors sold PRU shares while 270 reduced holdings. 99 funds opened positions while 265 raised stakes. 259.90 million shares or 2.95% less from 267.81 million shares in 2017Q4 were reported. Aviva Plc reported 0.28% in Prudential Financial, Inc. (NYSE:PRU). Focused Wealth holds 2,297 shares or 0.08% of its portfolio. Gyroscope Cap Group Ltd Llc holds 2.92% in Prudential Financial, Inc. (NYSE:PRU) or 59,396 shares. Rafferty Asset Limited Liability Corp holds 0.17% or 108,323 shares. Bowling Portfolio Management Limited Company owns 0.24% invested in Prudential Financial, Inc. (NYSE:PRU) for 17,048 shares. State Of Wisconsin Inv Board has invested 0.18% in Prudential Financial, Inc. (NYSE:PRU). Highland Ltd Limited Liability Company reported 42,695 shares. Calamos Advsr Limited Liability Com holds 267,497 shares. Pineno Levin And Ford Asset has invested 0.82% of its portfolio in Prudential Financial, Inc. (NYSE:PRU). Community Bank Na holds 0.02% of its portfolio in Prudential Financial, Inc. (NYSE:PRU) for 1,161 shares. Willingdon Wealth Mgmt owns 13,473 shares. Afam Inc, Texas-based fund reported 84,667 shares. Putnam Limited Liability Corporation owns 0.09% invested in Prudential Financial, Inc. (NYSE:PRU) for 366,400 shares. Spectrum Group accumulated 172 shares or 0.01% of the stock. Kempen Capital Management Nv has invested 0.2% in Prudential Financial, Inc. (NYSE:PRU).

More news for Prudential Financial, Inc. (NYSE:PRU) were recently published by: Bizjournals.com, which released: “Prudential grabs $250 million stake in CityView’s 700-unit Bay Area apartment portfolio” on June 12, 2018. Benzinga.com‘s article titled: “Goldman’s Insurance Pair Trade: Prudential Financial Upgraded, Metlife Downgraded” and published on June 04, 2018 is yet another important article.

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 company was maintained on Thursday, February 4 by RBC Capital Markets. The rating was upgraded by Guggenheim to “Buy” on Thursday, August 3. UBS maintained Comcast Corporation (NASDAQ:CMCSA) on Thursday, March 22 with “Buy” rating. The stock has “Sector Weight” rating by Pacific Crest on Friday, January 27. RBC Capital Markets maintained Comcast Corporation (NASDAQ:CMCSA) on Friday, September 8 with “Buy” rating. Nomura downgraded the shares of CMCSA in report on Thursday, January 18 to “Hold” rating. As per Thursday, January 25, the company rating was maintained by Robert W. Baird. The rating was maintained by Jefferies on Monday, December 19 with “Buy”. As per Friday, January 13, the company rating was upgraded by Deutsche Bank. The firm earned “Buy” rating on Tuesday, September 12 by Moffett Nathanson.

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Benzinga.com which released: “Benzinga Pro’s 5 Stocks To Watch Today” on June 14, 2018, also Nasdaq.com with their article: “Why the AT&T Inc. Court Win Does Not Guarantee Domination” published on June 13, 2018, Nasdaq.com published: “Amazon.com, Inc. Makes a Leap With the Fire TV Cube” on June 11, 2018. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Nasdaq.com and their article: “3 Stocks for Warren Buffett Fans” published on June 13, 2018 as well as Benzinga.com‘s news article titled: “More Central Bank News As ECB Follows Fed Rate Hike With Tapering Plans” with publication date: June 14, 2018.

Dodge & Cox, which manages about $123.87B US Long portfolio, decreased its stake in Anadarko Petroleum Corp (NYSE:APC) by 460,650 shares to 45.92M shares, valued at $2.77 billion in 2018Q1, according to the filing. It also reduced its holding in S&P Global Inc by 6,084 shares in the quarter, leaving it with 8,500 shares, and cut its stake in Bank Of America Corp (NYSE:BAC).

Since December 18, 2017, it had 0 insider purchases, and 10 selling transactions for $40.01 million activity. Murdock Daniel C. sold $30,411 worth of Comcast Corporation (NASDAQ:CMCSA) on Tuesday, April 17. 691,105 shares valued at $25.24M were sold by ROBERTS BRIAN L on Tuesday, March 13. Shares for $8.11M were sold by BURKE STEPHEN B on Friday, January 26. The insider WATSON DAVID N sold 131,447 shares worth $4.84M.

Prudential Financial, Inc. (NYSE:PRU) Institutional Positions Chart

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.

By1 Vivian Park

Automatic Stock Updates

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