GWN Securities Inc. Takes $396,000 Position in Comcast Co. (NASDAQ:CMCSA)

GWN Securities Inc. bought a new stake in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,513 shares of the cable giant’s stock, valued at approximately $396,000.

Other hedge funds also recently modified their holdings of the company. Harbour Investments Inc. boosted its stake in Comcast by 2.6% during the 4th quarter. Harbour Investments Inc. now owns 23,493 shares of the cable giant’s stock worth $882,000 after acquiring an additional 605 shares during the last quarter. Greenwich Wealth Management LLC boosted its stake in Comcast by 16.1% during the 4th quarter. Greenwich Wealth Management LLC now owns 10,602 shares of the cable giant’s stock worth $398,000 after acquiring an additional 1,467 shares during the last quarter. Choate Investment Advisors boosted its stake in Comcast by 3.7% during the 4th quarter. Choate Investment Advisors now owns 37,179 shares of the cable giant’s stock worth $1,395,000 after acquiring an additional 1,328 shares during the last quarter. Diversified Enterprises LLC boosted its stake in Comcast by 5.7% during the 4th quarter. Diversified Enterprises LLC now owns 14,627 shares of the cable giant’s stock worth $549,000 after acquiring an additional 794 shares during the last quarter. Finally, Poinciana Advisors Group LLC bought a new position in Comcast during the 4th quarter worth approximately $328,000. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 2.1 %

Shares of CMCSA stock opened at $35.43 on Monday. The firm has a 50 day moving average price of $35.92 and a two-hundred day moving average price of $39.19. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $133.96 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.73%. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research analyst reports. Rosenblatt Securities dropped their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Macquarie dropped their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Morgan Stanley dropped their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.83.

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.