In this article, we will look at 5 best stocks under $50 according to billionaire Ray Dalio. If you want to read about Ray Dalio’s investment philosophy and his hedge fund’s returns, you can go directly to 10 Best Stocks Under $50 According to Billionaire Ray Dalio.
5. Comcast Corporation (NASDAQ:CMCSA)
Bridgewater Associates’ Stake Value: $58,867,000
Percentage of Bridgewater Associates’ 13F Portfolio: 0.23%
Share Price as of June 27: $39.75
Number of Hedge Fund Holders: 78
In the first quarter of 2022, Bridgewater Associates increased its stakes in Comcast Corporation (NASDAQ:CMCSA) by 442%. As of March 31, the fund’s stakes in the communication services giant are valued at $58.86 million, which covers 0.23% of its 13F portfolio.
As of June 27, Comcast Corporation (NASDAQ:CMCSA) has a PE ratio of 12.78, a forward dividend yield of 2.81%, and is currently trading at $39.75. These features make it one of the best undervalued and dividend-paying stocks under $50 according to billionaire investor Ray Dalio.
As of June 2, Wolfe Research analyst Peter Supino has a Peer Perform rating and a $50 price target on Comcast Corporation (NASDAQ:CMCSA). The analyst noted that Comcast Corporation (NASDAQ:CMCSA) is a bargain right now and is also demonstrating resilience to high prices and market volatility. However, the analyst sees declining margin growth in the second half of 2022 and into 2023 due to increasing competition in the broadband and advertising market.
At the close of the first quarter of 2022, 78 hedge funds disclosed ownership of stakes in Comcast Corporation (NASDAQ:CMCSA). The total stakes of these funds amounted to $7.12 billion.
“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.”