3 Favorite Stock Picks of Munir Javeri’s 3G Sahana Capital Management

1. Comcast Corporation (NASDAQ:CMCSA)

3G Sahana Capital Management’s Stake Value: $180,688,000 

Percentage of 3G Sahana Capital Management’s 13F Portfolio: 24.27%

Number of Hedge Fund Holders: 78

Comcast Corporation (NASDAQ:CMCSA) is a leading media and technology company that has operations worldwide. The company has five business segments: Cable Communications, Media, Studios, Theme Parks, and Sky segments. As of July 19, Comcast Corporation (NASDAQ:CMCSA) has a trailing twelve-month PE ratio of 13.04 and is offering a forward dividend yield of 2.66%, which the company supports with its free cash flows of $16.56 billion.

On June 29, TD Securities analyst Vince Valentini cut his price target on Comcast Corporation (NASDAQ:CMCSA) to $60 from $65 and reiterated a Buy rating on the shares. Over the past 3 months, Comcast Corporation (NASDAQ:CMCSA) has received 11 Buy, 6 Hold, and 1 Sell ratings from Wall Street. The stock has a high price target of $60 and a low price target of $40. Comcast Corporation’s (NASDAQ:CMCSA) average price target of roughly $51 represents a 25.16% upside from its closing price of $40.54 on July 18.

In the first quarter of 2022, 3G Sahana Capital Management increased its position in Comcast Corporation (NASDAQ:CMCSA) by 7%, bringing its stakes to $180.68 million. The investment covers 24.27% of Munir Javeri’s 13F portfolio.

At the end of the first quarter of 2022, 78 hedge funds were long Comcast Corporation (NASDAQ:CMCSA) and held stakes worth $7.12 billion in the company. This is compared to 80 hedge funds in Q4 2021 with stakes worth $8.63 billion.

Here is what ClearBridge Investments had to say about Comcast Corporation (NASDAQ:CMCSA) in its “All Cap Growth Strategy” fourth-quarter 2021 investor letter:

“Weakness among our holdings in the communication services sector was the other detractor to performance. Comcast 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.”

You can also take a look at 10 Best Dividend Stocks to Buy According to Billionaire Howard Marks and 10 Best High-Yield Dividend Stocks to Buy According to Billionaire George Soros.

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