5 Best Stocks to Buy According to Nelson Peltz’s Trian Partners

In this article, we discuss 5 best stocks to buy according to Nelson Peltz’s Trian Partners. If you want to see more stocks in this selection, go see 9 Best Stocks to Buy According to Nelson Peltz’s Trian Partners. 

5. Comcast Corporation (NASDAQ:CMCSA)

Trian Partners’ Stake Value: $1,006,168,000

Percentage of Trian Partners’ 13F Portfolio: 13.48%

Number of Hedge Fund Holders: 80

Comcast Corporation (NASDAQ:CMCSA) is a Pennsylvania-based media and technology company that functions via Cable Communications, Media, Studios, Theme Parks, and Sky segments. Nelson Peltz’s hedge fund owns approximately 20 million Comcast Corporation (NASDAQ:CMCSA) shares, worth over $1 billion, representing 13.48% of the total Q4 securities. 

Comcast Corporation (NASDAQ:CMCSA) reported financial results for Q1 2022 on April 28. The EPS and revenue for the quarter came in at $0.86 and $31.01 billion respectively, above Street estimates by $0.05 and $602.53 million. Revenue for Q1 grew about 14% year-over-year. 

On January 27, Comcast Corporation (NASDAQ:CMCSA) declared a $0.27 per share quarterly dividend, an 8% increase from its last dividend of $0.25. The dividend was distributed to shareholders on April 27. The company also expanded its share repurchase program authorization to $10 billion, effective as of January 1, 2022. 

Pivotal Research analyst Jeffrey Wlodarczak on April 28 lowered the price target on Comcast Corporation (NASDAQ:CMCSA) to $57 from $62 and maintained a Buy rating on the shares. The analyst said that the company posted “overall solid in-line” Q1 results. However, regardless of the strong results and an “inexpensive valuation”, Comcast Corporation (NASDAQ:CMCSA) shares sold off after the results due to ongoing concerns about cable’s “long-term flywheel for growth slowing,” the analyst told investors in a research note.

Comcast Corporation (NASDAQ:CMCSA) was found in the public stock portfolios of 80 hedge funds at the end of the fourth quarter of 2021, compared to 75 funds in the prior quarter. Jean-Marie Eveillard’s First Eagle Investment Management is the biggest shareholder of Comcast Corporation (NASDAQ:CMCSA), with 29.3 million shares worth $1.4 billion. 

Here is what ClearBridge All Cap Growth Strategy has to say about Comcast Corporation (NASDAQ:CMCSA) in its Q4 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.”