Iberiabank Corp Takes Position in Comcast Co. (CMCSA)
Iberiabank Corp bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 13,147 shares of the cable giant’s stock, valued at approximately $466,000.
Other hedge funds have also made changes to their positions in the company. Blue Pool Management Ltd. lifted its position in Comcast by 65.8% during the 1st quarter. Blue Pool Management Ltd. now owns 43,100 shares of the cable giant’s stock worth $1,473,000 after acquiring an additional 17,100 shares during the period. A.R.T. Advisors LLC acquired a new stake in Comcast during the 1st quarter worth about $9,266,000. Cornercap Investment Counsel Inc. lifted its position in Comcast by 1.0% during the 1st quarter. Cornercap Investment Counsel Inc. now owns 194,102 shares of the cable giant’s stock worth $6,633,000 after acquiring an additional 1,883 shares during the period. Blair William & Co. IL lifted its position in Comcast by 2.5% during the 1st quarter. Blair William & Co. IL now owns 469,057 shares of the cable giant’s stock worth $16,028,000 after acquiring an additional 11,357 shares during the period. Finally, Ostrum Asset Management acquired a new stake in Comcast during the 1st quarter worth about $1,632,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.
In related news, EVP Arthur R. Block sold 6,448 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total value of $228,775.04. Following the transaction, the executive vice president now directly owns 74,644 shares in the company, valued at $2,648,369.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the completion of the transaction, the executive vice president now owns 62,476 shares in the company, valued at $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is owned by corporate insiders.
NASDAQ:CMCSA opened at $34.62 on Friday. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $44.00. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.86. The company has a market cap of $164.46 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.12 and a beta of 1.19.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Comcast had a return on equity of 15.92% and a net margin of 27.42%. The company had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.85 billion. During the same period in the previous year, the business earned $0.52 EPS. Comcast’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that Comcast Co. will post 2.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Stockholders of record on Wednesday, October 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, October 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.20%. Comcast’s dividend payout ratio (DPR) is presently 36.89%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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