Hazlett Burt & Watson Inc. Sells 860 Shares of Comcast Co. (NASDAQ:CMCSA)

Hazlett Burt & Watson Inc. lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 13.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,650 shares of the cable giant’s stock after selling 860 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Comcast were worth $221,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Steph & Co. increased its holdings in shares of Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Comcast during the second quarter valued at $27,000. OLD Point Trust & Financial Services N A bought a new position in shares of Comcast during the fourth quarter valued at $28,000. IAG Wealth Partners LLC increased its holdings in shares of Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares in the last quarter. Finally, Pineridge Advisors LLC bought a new stake in Comcast in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 1.2 %

CMCSA stock opened at $38.68 on Thursday. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market cap of $149.79 billion, a P/E ratio of 10.23, a PEG ratio of 1.05 and a beta of 1.01. The business’s 50-day moving average price is $39.30 and its 200-day moving average price is $39.78.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same period in the previous year, the firm earned $1.13 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities research analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.21%. Comcast’s payout ratio is currently 32.80%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research analyst reports. Pivotal Research reduced their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 4th. The Goldman Sachs Group initiated coverage on Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective for the company. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Finally, Barclays reduced their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.78.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.