Published on 5 Mar 2021 on Insider Monkey via Yahoo Finance

Is Comcast (CMCSA) Stock A Buy or Sell?

How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of capital and have to conduct due diligence while choosing their next pick. They don't always get it right, but, on average, their stock picks historically generated strong returns after adjusting for known risk factors. With this in mind, let’s take a look at the recent hedge fund activity surrounding Comcast Corporation (NASDAQ:CMCSA).

Is Comcast (CMCSA) stock a buy or sell? Money managers were buying. The number of bullish hedge fund bets increased by 2 lately. Comcast Corporation (NASDAQ:CMCSA) was in 84 hedge funds' portfolios at the end of December. The all time high for this statistic is 105. Our calculations also showed that CMCSA isn't among the 30 most popular stocks among hedge funds (click for Q4 rankings).

In today’s marketplace there are plenty of indicators market participants employ to assess publicly traded companies. A couple of the most underrated indicators are hedge fund and insider trading sentiment. Our researchers have shown that, historically, those who follow the best picks of the top money managers can outperform the S&P 500 by a superb margin (see the details here).