5 Dividend Stocks Billionaire Mario Gabelli Loves

4. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 80

Dividend Yield as of May 20: 2.57%

Comcast Corporation (NASDAQ:CMCSA) is a leading provider of cable communications services in the United States and internationally. At the end of Q4 2021, 80 hedge funds were long Comcast Corporation (NASDAQ:CMCSA) with stakes of $8.63 billion. This is compared to 75 hedge funds in Q3 2021 with stakes of $8.54 billion. GAMCO Investors has a sizeable stake in Comcast Corporation (NASDAQ:CMCSA) as of Q1 2022, owning over 1.08 million shares of the company which amounts to a stake of $50.66 million. The investment covers 0.45% of Mario Gabelli’s 13F portfolio.

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.”