Dodge & Cox ups Comcast stake

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Dodge & Cox ups Comcast stake

Investment firm Dodge & Cox has raised its stake in cable operator Comcast Corp. to 11.4% in a sign that it sees upside in the company's stock after a challenging 2007 for many cable firms. According to a U.S. Securities and Exchange Commission filing late last week, Dodge & Cox owned 237.1 million Class A shares of Comcast.

In March, it had reported owning 163.4 million Class A shares, or a 7.9% stake. Dodge & Cox disclosed the stake in a Schedule 13G filing, which indicates the investment is passive, and the shares were not acquired to change or influence control of the company.
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