Before Monday’s opening bell, Comcast (CMCSA) released its first quarter financial results. Here’s what the results mean for mutual fund investors.
Inside CMCSA’s Results
Earnings
The company reported earnings of $2.1 billion, or 81 cents per share, up from $1.9 billion, or 71 cents per share, a year ago. Excluding special items, EPS was 79 cents per share – above analysts’ view of 74 cents per share.
Revenue
Sales increased 2.6% to $17.85 billion from $17.41 billion. Analysts expected to see revenue of $17.41 billion.
Growth in Broadband Subscribers
While some areas of its business, including its video and voice businesses, slowed, Comcast saw a jump in broadband subscribers. During the first quarter, the company added 407,000 broadband customers, compared to 383,000 in the year prior.
Mutual Funds to Watch
Investors interested in CMCSA may consider a mutual fund as an alternative to owning the individual stock. The funds below currently hold the largest stakes in CMCSA.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| VTSMX | Vanguard Total Stock Market Index | 1.52% |
| DODGX | Dodge & Cox | 1.06% |
| VWELX | Vanguard Wellington | 0.99% |
The Bottom Line
The funds listed above allow investors to gain exposure to CMCSA while remaining diversified. Investors interested in CMCSA may also be interested in Time Warner Cable (TWC) or Walt Disney (DIS).