Hazlett Burt & Watson Inc. Sells 828 Shares of Comcast Corporation $CMCSA

Hazlett Burt & Watson Inc. decreased its stake in Comcast Corporation (NASDAQ:CMCSA) by 20.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,195 shares of the cable giant’s stock after selling 828 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Comcast were worth $114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Dodge & Cox lifted its stake in Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Comcast by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after purchasing an additional 926,663 shares during the last quarter. Nuveen LLC bought a new position in Comcast in the 1st quarter valued at approximately $940,015,000. Harris Associates L P lifted its stake in Comcast by 0.5% in the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after purchasing an additional 111,662 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Comcast by 2.2% in the 1st quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock valued at $746,980,000 after purchasing an additional 427,705 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CMCSA shares. Barclays cut their price target on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Rothschild & Co Redburn lowered their target price on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Bank of America reduced their price target on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Benchmark restated a “buy” rating on shares of Comcast in a report on Friday, July 18th. Finally, UBS Group set a $43.00 price target on shares of Comcast in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.94.

Comcast Stock Down 0.2%

CMCSA opened at $29.41 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50-day moving average is $32.42 and its 200 day moving average is $33.85. Comcast Corporation has a fifty-two week low of $29.39 and a fifty-two week high of $45.31. The firm has a market capitalization of $108.59 billion, a P/E ratio of 4.86, a PEG ratio of 1.74 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.34 billion for the quarter. Research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

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.