Oprah Winfrey Stock Portfolio: 5 Companies To Consider

3. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 84

One of the earliest business ventures of Oprah Winfrey was Oxygen Media, a media project she co-founded in 1998 that focused on content for women and children. The company grew progressively over the years, increasing presence on cable television and also the internet. In 2007, NBC Universal, now owned by Comcast Corporation (NASDAQ:CMCSA), a leading media technology firm, purchased Oxygen Media for $925 million. 

Comcast Corporation (NASDAQ:CMCSA) has grown over the years and is presently perhaps the biggest media company in the world with a market capitalization of more than $240 billion. It is expanding into the internet streaming domain too. 

Among the hedge funds being tracked by Insider Monkey, New York-based firm Eagle Capital Management is a leading shareholder in Comcast Corporation (NASDAQ:CMCSA) with 29 million shares worth more than $1.6 billion. 

In its Q1 2021 investor letter, Nelson Capital Management, an asset management firm, highlighted a few stocks and Comcast Corporation (NASDAQ:CMCSA) was one of them. Here is what the fund said:

“Comcast is the Largest cable provider in the U.S. and is the dominant internet access provider in the markets it serves. Though Comcast will likely see further declines in cable subscriptions due to ongoing cord-cutting, it should be able to off set that lost revenue by growing internet access customers and instituting higher pricing. The pandemic has increased the importance of a fast internet connection, with more content streaming to homes at increasingly higher quality. Comcast made significant upgrades early on, allowing it to quickly deploy new technology and increase speeds to meet the evolving needs of its customers.”