5 Undervalued Stocks to Buy According to Billionaire Paul Tudor Jones

2. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 78

Tudor Investment Corp’s Holdings: $17,024,000

Percentage of Tudor Investment Corp’s Portfolio: 0.39%

PE Ratio as of July 1: 12.95

Return since June 30th: -18.7%

Comcast Corporation (NASDAQ:CMCSA) is a Philadelphia, Pennsylvania-based telecommunications conglomerate bringing technology and entertainment together.

On July 1, Jonathan Kees at Daiwa initiated coverage on Comcast Corporation (NASDAQ:CMCSA) stock with a price target of $43 and an Outperform rating. The analyst anticipates media companies to deliver strong growth as the pandemic eases further. Furthermore, the analyst appreciated the business diversification of Comcast Corporation (NASDAQ:CMCSA). He anticipates Comcast Corporation (NASDAQ:CMCSA) to generate free cash flow and keep up the dividend payments regardless of the macroeconomic environment.

Comcast Corporation (NASDAQ:CMCSA) reported a 14% growth in revenue during Q1 2022 and looks undervalued when compared to historical pricing multiples. The pullback in the stock price in the last year provides an attractive entry position for investors in a solid stock with a dividend yield of 2% and a share buyback plan in place.

Comcast Corporation (NASDAQ:CMCSA) was mentioned in the Q4 2021 investor letter. Here’s what the firm said:

“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.”

Overall, 78 hedge funds held a stake in Comcast Corporation (NASDAQ:CMCSA) as of Q1 2022.