5 Stocks to Buy Now According to Munir Javeri’s 3G Sahana Capital Management

2. Comcast Corporation (NASDAQ:CMCSA)

3G Sahana Capital Management Stake Value: $181,589,000
Percentage of 3G Sahana Capital Management’s 13F Portfolio: 20.41%
Number of Hedge Fund Holders: 80

Comcast Corporation (NASDAQ:CMCSA) is a Philadelphia-based media, entertainment, and communications conglomerate. In Q4 2021, 3G Sahana Capital Management increased its position in Comcast Corporation (NASDAQ:CMCSA) by 37%, holding a total of 3.61 million shares worth over $181.59 million. First Eagle Investment Management is the leading Comcast Corporation (NASDAQ:CMCSA) stakeholder, with a $1.48 million stake in the company.

Truist analyst Greg Miller downgraded Comcast Corporation (NASDAQ:CMCSA) to Hold from Buy on March 1, with a $50 price target, down from $70. Increased broadband competition, according to the analyst, would probably result in flow share losses linked with “new” fibre and wireless technologies due to worries of increased post-pandemic churn.

In the fourth quarter of 2021, 80 funds were bullish on Comcast Corporation (NASDAQ:CMCSA), with stakes equalling $8.64 billion, as compared to 75 funds in the preceding quarter, holding stakes in Comcast Corporation (NASDAQ:CMCSA) worth $8.55 billion.

Artisan Partners, in its Q4 2021 investor letter, mentioned Comcast Corporation (NASDAQ:CMCSA). Here is what the firm has to say:

“Comcast is the leading broadband cable company in North America and a global content producer. Comcast and other cable companies are seeing decreased net subscriber additions as they are lapping tough comparisons from a year ago when net additions were high earlier in the pandemic. Interestingly, churn remains at record low levels—a positive metric that speaks to cable’s value proposition. For Comcast, an additional headwind is a delayed recovery in its theme parks business due to the ongoing pandemic. Additionally, increased investment in 5G by wireless competitors may be weighing on shares. However, 5G is not currently competitive with cable, and based on the economics of 5G capex, it’s unlikely to be competitive for many years, if ever. Cable continues to have a competitive advantage with respect to network speeds and reliability. High recurring revenue, pricing power and low capital intensity make for a powerful economic model that contribute to Comcast’s free cash flow generation, allowing the company to play offense with regards to capital allocation. In summary, Comcast is a well-financed business with a wide competitive moat, that trades cheaply at under 13X our estimate of normalized earnings.”