Comcast (NYSE:CCZ) Trading 2.7% Higher – Still a Buy?

Comcast Holdings Corp. (NYSE:CCZ)’s share price was up 2.7% during mid-day trading on Wednesday . The stock traded as high as $63.00 and last traded at $63.00. Approximately 113 shares traded hands during trading, a decline of 87% from the average daily volume of 872 shares. The stock had previously closed at $61.37.

Comcast Price Performance

The business has a 50-day moving average of $61.84 and a 200 day moving average of $60.58.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were given a dividend of $0.448 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This is an increase from Comcast’s previous quarterly dividend of $0.45. This represents a $1.79 dividend on an annualized basis and a dividend yield of 2.8%.

Institutional Investors Weigh In On Comcast

An institutional investor recently raised its position in Comcast stock. Thornburg Investment Management Inc. grew its holdings in shares of Comcast Holdings Corp. (NYSE:CCZ) by 79.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 284,060 shares of the company’s stock after purchasing an additional 126,150 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Comcast were worth $16,883,000 at the end of the most recent reporting period.

Comcast Company Profile

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