Sitrin Capital Management LLC Buys 1,465 Shares of Comcast Co. (NASDAQ:CMCSA)

Sitrin Capital Management LLC raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 118,077 shares of the cable giant’s stock after purchasing an additional 1,465 shares during the quarter. Sitrin Capital Management LLC’s holdings in Comcast were worth $4,431,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. AMF Tjanstepension AB lifted its position in Comcast by 18.9% in the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after purchasing an additional 132,442 shares during the period. Arkadios Wealth Advisors raised its stake in shares of Comcast by 10.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 23,070 shares of the cable giant’s stock valued at $964,000 after buying an additional 2,211 shares in the last quarter. Autumn Glory Partners LLC lifted its holdings in shares of Comcast by 58.4% during the 3rd quarter. Autumn Glory Partners LLC now owns 10,229 shares of the cable giant’s stock worth $429,000 after acquiring an additional 3,771 shares during the period. Cantor Fitzgerald Investment Advisors L.P. boosted its position in shares of Comcast by 0.7% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 258,438 shares of the cable giant’s stock valued at $10,795,000 after acquiring an additional 1,672 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its stake in Comcast by 65.1% in the third quarter. China Universal Asset Management Co. Ltd. now owns 48,999 shares of the cable giant’s stock valued at $2,047,000 after acquiring an additional 19,326 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CMCSA shares. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Loop Capital lowered their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Benchmark cut their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, The Goldman Sachs Group lowered their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.83.

Comcast Stock Down 1.2 %

NASDAQ:CMCSA opened at $35.85 on Wednesday. The stock’s fifty day moving average price is $36.47 and its two-hundred day moving average price is $39.55. The company has a market cap of $135.55 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

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

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.68%. Comcast’s payout ratio is currently 31.81%.

About Comcast

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.