Comcast (CMCSA) Has Fallen 5% in Last One Year, Underperforms Market

If you are looking for the best ideas for your portfolio you may want to consider some of Longleaf Partners top stock picks. Longleaf Partners, an investment management firm, is bullish on Comcast Corp (NASDAQ:CMCSA) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Comcast Corp (NASDAQ:CMCSA) stock. Comcast Corp (NASDAQ:CMCSA) is an American telecommunications conglomerate.

On July 9, 2019, Longleaf Partners had released its Q2 2019 investor letter. Comcast Corp (NASDAQ:CMCSA) stock has posted a return of -4.6% in the trailing one year period, underperforming fund’s benchmark the S&P 500 Index which returned 14.2% in the same period. This suggests that the investment firm was wrong in its decision. On a year-to-date basis, Comcast Corp (NASDAQ:CMCSA) stock has fallen by 1.7%.

Longleaf Partners fund posted a return of -2.9% in the second quarter of 2019, underperforming fund’s benchmark the S&P 500 Index which returned 4.3% in the same period. Let’s take a look at comments made by Longleaf Partners about Comcast Corp (NASDAQ:CMCSA) stock in the Q2 2019 investor letter.

“Comcast, which we bought last year when the company made a bid for Sky, subsequently highlighted CEO Brian Roberts’ value per share discipline by not outbidding Disney for all of Fox. The drama around the deal has died down, and Comcast has delivered solid results. More recently, Comcast boosted value through the deal negotiated with Disney to monetize its one-third stake in Hulu. Roberts’ strong transaction record has created catalysts for value growth and price recognition.”

In Q2 2020, the number of bullish hedge fund positions on Comcast Corp (NASDAQ:CMCSA) stock decreased by about 4% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t seem to agree with Comcast’s growth potential. Our calculations showed that Comcast Corp (NASDAQ:CMCSA) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we scour multiple sources to uncover the next great investment idea. We go through lists like the 10 most profitable companies in America to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. You can subscribe to our free enewsletter below to receive our stories in your inbox:

Disclosure: None. This article is originally published at Insider Monkey.