Oprah Winfrey Stock Portfolio: 5 Companies To Consider

3. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 73     

Comcast Corporation (NASDAQ:CMCSA) operates as a media and technology company worldwide. It is one of the premier stocks to consider in the Oprah Winfrey stock portfolio. On November 2, Comcast Corporation and Charter Communications, a telecommunication and mass media company, named their streaming platform joint venture Xumo, reprocessing the name of Comcast’s free ad-supported streaming service into a bigger ecosystem. The firm is on the list of firms in the Oprah Winfrey stock portfolio since it purchased Oxygen Media for $925 million in 2017. Oxygen Media is a media project Oprah co-founded in 1998 that focused on content for women and children.

On October 28, Cowen analyst Gregory Williams maintained an Outperform rating on Comcast Corporation (NASDAQ:CMCSA) stock and lowered the price target to $49 from $51, noting that the company was focused on more durable growth strategies for Mobile Business Services. 

Among the hedge funds being tracked by Insider Monkey, New York-based firm First Eagle Investment Management is a leading shareholder in Comcast Corporation (NASDAQ:CMCSA) with 31.6 million shares worth more than $928 million.

In its Q4 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Comcast Corporation (NASDAQ:CMCSA) was one of them. Here is what the fund said:

“Weakness among our holdings in the communication services sector was the other detractor to performance. Comcast Corporation (NASDAQ:CMCSA) was hurt by tepid subscriber growth in its broadband business but demonstrated strong growth in free cash flow, positioning the company for accelerated capital return going forward.”