Taurus Asset Management LLC Has $381,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Taurus Asset Management LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,125 shares of the cable giant’s stock after acquiring an additional 253 shares during the period. Taurus Asset Management LLC’s holdings in Comcast were worth $381,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CMCSA. Edgestream Partners L.P. raised its holdings in shares of Comcast by 8.0% during the 1st quarter. Edgestream Partners L.P. now owns 47,974 shares of the cable giant’s stock worth $2,080,000 after buying an additional 3,553 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of Comcast by 17.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 16,540 shares of the cable giant’s stock worth $717,000 after buying an additional 2,400 shares in the last quarter. Rockport Wealth LLC acquired a new position in Comcast in the 1st quarter worth about $457,000. Atlanta Consulting Group Advisors LLC acquired a new position in Comcast in the 1st quarter worth about $634,000. Finally, Arjuna Capital increased its holdings in Comcast by 8.0% in the 1st quarter. Arjuna Capital now owns 161,659 shares of the cable giant’s stock worth $7,008,000 after purchasing an additional 11,933 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 1.4 %

Shares of Comcast stock opened at $42.88 on Monday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s 50-day moving average is $41.61 and its 200 day moving average is $39.89. The firm has a market cap of $164.08 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.63 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent research reports. Barclays upped their target price on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. KeyCorp upped their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.75.

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.