5 Best Money-Making Stocks to Buy Now

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1. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Funds: 75

Total Value of Hedge Fund Holdings: $8,547,154,000

1-Year Forward Dividend Yield: 2.04%

Comcast Corporation (NASDAQ:CMCSA) is the second biggest broadcasting and cable television organization globally. The Philadelphia, Pennsylvania-based company also happens to be the biggest broadband residential internet service provider in the US and the third biggest home TV service provider.

Comcast Corporation (NASDAQ:CMCSA) declared a quarterly dividend of 25 cents per share on October 28 for the fourth quarter of 2021, payable on January 26, 2022. The company has been increasing its dividends for the last four years.

In the past five years, Comcast Corporation (NASDAQ:CMCSA) has progressed through strong acquisitions. In August 2016, the company completed the takeover of DreamWorks Animation for $3.8 billion. Similarly, in 2018, Comcast Corporation (NASDAQ:CMCSA) acquired Sky plc for nearly $39 billion after outbidding 21st Century Fox, which held a 39% stake in Sky.

On December 15, Jeffrey Wlodarczak at Pivotal Research issued a Buy rating on Comcast Corporation (NASDAQ:CMCSA) stock with a price target of $62. The price target reflects a potential upside of nearly 24%. The analyst highlighted the favorable stock valuations as an investment opportunity for investors with patience. Wlodarczak also addressed concerns related to the cut in data subscriber growth guidance related to the company’s core broadband business by adjusting his estimates.

You can also take a peek at the 10 Best Tech Stocks to Buy Now and 10 Best Stocks to Buy for the Next 10 Years.

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