Barry Investment Advisors LLC Makes New $223,000 Investment in Comcast Co. (NASDAQ:CMCSA)

Barry Investment Advisors LLC acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,139 shares of the cable giant’s stock, valued at approximately $223,000.

Other institutional investors have also modified their holdings of the company. Steph & Co. increased its stake in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 371 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new position in shares of Comcast in the 4th quarter valued at about $28,000. Pineridge Advisors LLC purchased a new position in shares of Comcast in the 4th quarter valued at about $32,000. Financial Synergies Wealth Advisors Inc. increased its stake in shares of Comcast by 336.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock valued at $33,000 after purchasing an additional 593 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of Comcast in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the sale, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the subject of several research reports. Macquarie cut their price objective on Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Wells Fargo & Company cut their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Monday, May 13th. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.62.

Comcast Stock Up 2.3 %

NASDAQ:CMCSA traded up $0.88 during trading hours on Friday, hitting $39.16. The company’s stock had a trading volume of 38,288,913 shares, compared to its average volume of 19,560,456. The stock has a market capitalization of $153.65 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00. The stock has a fifty day moving average of $38.71 and a 200-day moving average of $41.37. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. On average, equities analysts forecast that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

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.