Taurus Asset Management LLC Has $357,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Taurus Asset Management LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,525 shares of the cable giant’s stock after buying an additional 400 shares during the quarter. Taurus Asset Management LLC’s holdings in Comcast were worth $357,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CMCSA. World Investment Advisors LLC raised its holdings in Comcast by 904.0% in the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after acquiring an additional 229,192 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Comcast in the fourth quarter valued at approximately $743,681,000. Bfsg LLC increased its stake in shares of Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after purchasing an additional 73,590 shares during the period. Mission Wealth Management LP lifted its holdings in Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Finally, Robinson Value Management Ltd. grew its holdings in Comcast by 136.7% in the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after buying an additional 59,107 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup cut their price target on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Loop Capital reduced their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research report on Thursday. Barclays cut their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, Benchmark decreased their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $42.90.

Comcast Stock Performance

Shares of Comcast stock opened at $33.72 on Friday. The stock has a market cap of $127.50 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 1.78 and a beta of 0.94. Comcast Co. has a twelve month low of $32.20 and a twelve month high of $45.31. The company’s fifty day moving average is $35.56 and its 200 day moving average is $38.56. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. Sell-side analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 31.81%.

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.