5 Best Communication Stocks To Invest In

4. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 75     

Comcast Corporation (NASDAQ:CMCSA) operates as a media and technology company worldwide. The firm is among the best communication stocks to invest in. On September 14, the company announced that it was boosting its share repurchase program to a total of $20 billion. The firm also revealed that the new authorization does not have an expiration date. So far this year, the media and technology company has repurchased $9 billion of Class A common stock.

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 30 million shares worth more than $1.2 billion.

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.”