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

Barry Investment Advisors LLC purchased a new position in Comcast Co. (NASDAQ:CMCSA) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,139 shares of the cable giant’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Paralel Advisors LLC boosted its position in shares of Comcast by 1.1% during the 3rd quarter. Paralel Advisors LLC now owns 50,446 shares of the cable giant’s stock valued at $2,237,000 after acquiring an additional 569 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of Comcast by 538.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 173,791 shares of the cable giant’s stock valued at $7,706,000 after acquiring an additional 146,588 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Comcast by 14.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,295,786 shares of the cable giant’s stock valued at $323,495,000 after acquiring an additional 925,874 shares in the last quarter. Waverly Advisors LLC boosted its position in shares of Comcast by 4.3% during the 3rd quarter. Waverly Advisors LLC now owns 14,845 shares of the cable giant’s stock valued at $658,000 after acquiring an additional 616 shares in the last quarter. Finally, Kolinsky Wealth Management LLC boosted its position in shares of Comcast by 3.4% during the 3rd quarter. Kolinsky Wealth Management LLC now owns 15,641 shares of the cable giant’s stock valued at $694,000 after acquiring an additional 520 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMCSA has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Citigroup cut their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Scotiabank cut their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $48.62.

Insider Activity at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Comcast Trading Up 2.3 %

Shares of NASDAQ:CMCSA traded up $0.88 during trading on Friday, hitting $39.16. 38,288,913 shares of the company’s stock were exchanged, compared to its average volume of 19,560,456. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The firm has a 50-day moving average price of $38.71 and a two-hundred day moving average price 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. The firm has a market cap of $153.65 billion, a P/E ratio of 10.36, a PEG ratio of 0.98 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 earnings per share. Equities analysts predict that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

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

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.