5 Best Dividend Stocks to Buy According to Morgan Stanley’s Quant Screen: In Retrospect

In this article, we will look at the 5 best dividend stocks to buy according to Morgan Stanley’s quant screen and how they have performed in the fourth quarter. If you want to read about similar stocks, you can check out 10 Best Dividend Stocks to Buy According to Morgan Stanley’s Quant Screen: In Retrospect.

5. Comcast Corporation (NASDAQ:CMCSA)

Dividend Yield as of December 28: 3.07%

Quarterly Performance as of December 28: 11.10%

Total Expected Return: 39%

Number of Hedge Fund Holders: 73

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company. The company is headquartered in Philadelphia, Pennsylvania, and is one of the world’s largest entertainment, media, and communications companies. As of December 28, Comcast Corporation (NASDAQ:CMCSA) has gained 11.10% in the fourth quarter of 2022 and is offering a forward dividend yield of 3.07%. Morgan Stanley analysts expect a further upside of roughly 28% from current levels, and the stock is placed high on our list of the best dividend stocks to buy according to Morgan Stanley’s quant screen.

On December 12, Morgan Stanley analyst Benjamin Swinburne maintained his Overweight rating on Comcast Corporation (NASDAQ:CMCSA). This December, Wells Fargo analyst Steven Cahall upgraded Comcast Corporation (NASDAQ:CMCSA) to Equal Weight from Underweight and raised his price target on the stock to $38 from $30.

At the close of Q3 2022, 73 hedge funds were bullish on Comcast Corporation (NASDAQ:CMCSA) and held collective stakes of $3.98 billion in the company. As of September 30, First Eagle Investment Management is the most prominent investor in Comcast Corporation (NASDAQ:CMCSA) and has disclosed a position worth $928.18 million.

Here is what Diamond Hill Capital had to say about Comcast Corporation (NASDAQ:CMCSA) in its third-quarter 2022 investor letter:

“Other bottom contributors included our long positions in Comcast Corporation (CMCSA) and Wolverine World Wide. Cable company Comcast reported underwhelming quarterly results showing disappointing broadband subscriber growth amid increased competition from fixed wireless, though Comcast’s churn remains near all-time lows. Footwear and apparel company Wolverine World Wide is coping with cost pressures and greater-than-anticipated promotional activity amid a more uncertain macro environment. In addition, consumer spending concerns weighed on investor sentiment toward companies selling more discretionary goods.”