Starter Stock Portfolio: 5 Large-Cap Stocks To Buy

3. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 75

Comcast Corporation (NASDAQ:CMCSA) is a Pennsylvania-based media and technology company that operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. On July 28, Comcast Corporation (NASDAQ:CMCSA) declared a $0.27 per share quarterly dividend, in line with previous. The dividend is payable on October 26, to shareholders of record on October 5. The company delivers a dividend yield of 3.51% as of October 19. 

Deutsche Bank analyst Bryan Kraft on October 19 reiterated a Buy recommendation on Comcast Corporation (NASDAQ:CMCSA) but trimmed the firm’s price target on the shares to $50 from $54 ahead of the Q3 results.

According to Insider Monkey’s database, Comcast Corporation (NASDAQ:CMCSA) was part of 75 hedge fund portfolios at the end of the second quarter of 2022, compared to 78 in the last quarter. Jean-Marie Eveillard’s First Eagle Investment Management is the leading shareholder of the company, with 30.30 million shares worth $1.2 billion. 

Here is what Mawer Investment Management has to say about Comcast Corporation (NASDAQ:CMCSA) in its Q3 2022 investor letter:

“There are a few other segments of our portfolios that displayed weakness in the quarter. Cable and telecommunication companies have been an area that has lagged the broader market as their worlds are increasingly colliding. Companies such as Comcast (NASDAQ:CMCSA) have been impacted as wireless operators are spending heavily to attract internet subscribers with fixed wired access and the cable companies are trying to build wireless businesses.”