GWN Securities Inc. Acquires Stake in Comcast Co.

GWN Securities Inc. has recently made a significant investment in Comcast Co. (NASDAQ:CMCSA). According to the company's latest disclosure to the Securities and Exchange Commission, GWN Securities purchased 10,513 shares of Comcast stock in the fourth quarter, which amounts to an investment of approximately $396,000.

Other Hedge Fund Activity

In addition to GWN Securities, other hedge funds have also adjusted their positions in Comcast. Harbour Investments Inc. increased its investment by 2.6% during the fourth quarter, now holding 23,493 shares valued at about $882,000 after acquiring 605 additional shares. Greenwich Wealth Management LLC boosted its position by 16.1%, bringing its total to 10,602 shares worth $398,000 after adding 1,467 shares. Choate Investment Advisors also raised their stake by 3.7%, owning now 37,179 shares valued at $1,395,000, and Diversified Enterprises LLC increased their holdings by 5.7%, owning 14,627 shares worth $549,000 after acquiring 794 additional shares. Additionally, Poinciana Advisors Group LLC established a new position worth approximately $328,000 in the fourth quarter. Currently, institutional investors hold about 84.32% of Comcast's stock.

Comcast Stock Performance

On Monday, shares of CMCSA opened at $35.43. The stock has a 50-day moving average of $35.92 and a 200-day moving average of $39.19. Comcast's financial ratios include a quick ratio and current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company's market capitalization is $133.96 billion, with a price-to-earnings ratio of 8.54 and a price-to-earnings-growth ratio of 1.78. Over the past year, Comcast’s stock reached a low of $32.50 and a high of $45.31.

Quarterly Earnings Report

Comcast last released its quarterly earnings data on January 30th. The company reported earnings per share (EPS) of $0.96, surpassing the consensus estimate of $0.88 by $0.08. Comcast posted a net margin of 13.09% and a return on equity of 19.98%. Analysts anticipate that Comcast will achieve earnings of 4.33 per share for the current year.

Dividend Increase Announcement

Recently, Comcast announced a quarterly dividend of $0.33 per share, payable on April 23rd to shareholders of record as of April 2nd. This marks an increase from the previous dividend of $0.31. The annualized dividend now stands at $1.32, representing a yield of 3.73%. Comcast's dividend payout ratio is 31.81%.

Analysts' Opinions

Shares of Comcast have been discussed in various analyst reports. For instance, Rosenblatt Securities reduced their target price from $45.00 to $36.00, maintaining a "neutral" rating on the stock. Similarly, Macquarie lowered their target price from $42.00 to $36.00, also with a "neutral" rating. However, Evercore ISI upgraded Comcast to a "strong-buy" rating. Morgan Stanley stated a target price reduction from $45.00 to $38.00, assigning an "equal weight" rating. Meanwhile, Seaport Res Ptn upgraded their rating from "hold" to "strong-buy." In total, nine analysts have assigned a hold rating, nine have rated it as a buy, and three analysts have given a strong buy rating. MarketBeat indicates a consensus rating of "Moderate Buy" for the stock with an average target price of $43.83.

About Comcast Corporation

Comcast Corporation operates as a global media and technology company, divided into segments such as Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks. Its services include residential broadband, wireless connectivity, business video services, and advertising.

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