Hazlett Burt & Watson Inc. Trims Position in Comcast Co. (NASDAQ:CMCSA)

Hazlett Burt & Watson Inc. lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,240 shares of the cable giant’s stock after selling 410 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Comcast were worth $217,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fairscale Capital LLC bought a new position in Comcast during the 2nd quarter worth about $26,000. McClarren Financial Advisors Inc. grew its holdings in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC grew its holdings in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares in the last quarter. IAG Wealth Partners LLC grew its holdings in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares in the last quarter. Finally, Archer Investment Corp grew its holdings in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock opened at $42.53 on Tuesday. The firm has a market capitalization of $164.70 billion, a P/E ratio of 11.43, a PEG ratio of 1.15 and a beta of 1.00. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a 50 day moving average price of $40.85 and a 200 day moving average price of $39.60. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same period last year, the firm posted $1.08 EPS. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts expect that Comcast Co. will post 4.24 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CMCSA. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. Barclays raised their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday. Macquarie restated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Friday. KeyCorp raised their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday. Finally, Benchmark restated a “buy” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

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.