Eagle Capital’s Top 5 Stock Picks

3. Comcast Corporation (CMCSA)

Comcast is the third largest stock in Eagle Capital’s 13F portfolio despite the fact that the fund selling 6% of position during Q3. Eagle Capital initiated its position in the stock in Q4 of 2015. The company recently received four Emmy® Awards for innovation, advertising delivery, and technological development from the National Academy of Television Arts and Sciences (NATAS). It also has made a multi-year deal with World Wrestling Entertainment for its Peacock streaming video service. Here is what Longleaf Partners said about the stock in its 2020 Q3 investor letter:

“Comcast (18%, 0.83%), the cable and entertainment company, added to the strong absolute results in the quarter. Cable delivered one of its best quarters of net subscriber additions ever and grew EBITDA 5.5%, while losses from closed small business customers have moderated during reopening from the COVID lockdown. Sky, the European TV and broadband business acquired in 2018, retained subscribers at a high rate despite the extended absence of live sports. CEO Brian Roberts stated that Sky remains on pace to double its EBITDA over the next several years. Comcast’s new Peacock streaming service and Universal theme parks are ramping up revenues gradually, presenting more opportunities for Comcast to improve earnings significantly over the next several years. Despite the double-digit returns in the quarter, the company remains discounted. We were encouraged by Roberts’s statement in the quarter that he was committed to repurchasing shares again in the near future.”