Billionaires Still Love Apple Inc. (AAPL), General Motors Company (GM) & More

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American International Group Inc (NYSE:AIG) was another of billionaires’ favorite stocks; Third Point, managed by billionaire Dan Loeb, owned more than 13 million shares of the bailed-out insurer (research more stocks Loeb likes). American International Group Inc (NYSE:AIG) has been selling off some of its assets, and the stock has returned 50% in the last year; still, its price-to-book ratio is 0.7 and so it could still be thought of as a potential value play. The company recently announced that it had begun buying back shares and would increase its dividend, signaling that management believes AIG is on a more stable financial footing.

According to our database, 40 billionaires had positions in Comcast Corporation (NASDAQ:CMCSA), making the cable company and owner of NBC Universal the fifth most popular stock among billionaires. The trailing and forward earnings multiples here are 18 and 16 respectively- not pure value territory, but in line with peers such as The Walt Disney Company (NYSE:DIS). Revenue grew 7% in the second quarter of 2013 versus a year earlier, and net income increased by nearly 30%. That level of margin improvements is not sustainable, but even if future profits grow at a similar rate as revenue Comcast Corporation (NASDAQ:CMCSA) could prove to be a “growth at a reasonable price” pick.

Disclosure: I own no shares of any stocks mentioned in this article.

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