7 Best Non-REIT Dividend Stocks to Invest in

2. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 84

Dividend Yield as of January 31: 4.44%

Comcast Corporation (NASDAQ:CMCSA) operates as a global media and technology company, offering broadband, wireless, and video services across its portfolio of consumer and business brands.

On January 30, Scotiabank cut its price target on Comcast Corporation (NASDAQ:CMCSA) to $35.25 from $37.50 and kept a Sector Perform rating. The firm said broadband pressure continued through the fourth quarter, with competition likely to stay intense before any real improvement shows up in the second half of the year.

A January 29 Reuters report added more color. Comcast lost more broadband customers than expected in Q4 as rivals stepped up aggressive promotions. High-speed fiber providers and cheaper fixed-wireless internet plans are pulling customers away, adding pressure to a business long dominated by Comcast and Charter Communications.

Comcast Corporation (NASDAQ:CMCSA) said it lost 181,000 broadband customers during the quarter. That was worse than the roughly 174,000 decline analysts had expected, based on FactSet data. To stay competitive, the company decided not to raise prices this year. It is also reworking its packages, leaning into service bundles, and offering free mobile lines to attract and retain customers. Even with those moves, analysts do not see meaningful customer growth returning before 2027.

Management expects a portion of customers using free mobile lines to shift into paid plans later this year, with more traction anticipated in the second half. On the financial side, Comcast reported revenue of $32.31 billion for the quarter ended in December, closely matching LSEG estimates of $32.35 billion.