Comcast (NYSE:CCZ) Stock Price Up 2.7% – Should You Buy?

Comcast Holdings Corp. (NYSE:CCZ)’s stock price rose 2.7% during mid-day trading on Wednesday . The company traded as high as $63.00 and last traded at $63.00. Approximately 113 shares changed 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 stock’s 50-day simple moving average is $61.92 and its 200 day simple moving average is $60.59.

Comcast Increases Dividend

The business also recently disclosed 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. This represents a $1.79 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, October 1st. This is an increase from Comcast’s previous quarterly dividend of $0.45.

Institutional Trading of Comcast

A hedge fund recently raised its stake in Comcast stock. Thornburg Investment Management Inc. lifted its holdings in shares of Comcast Holdings Corp. (NYSE:CCZ) by 79.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Comcast Company Profile

Comcast Corporation is a global media, entertainment and communications company known for its diversified portfolio of services. Through its Comcast Cable division, the company offers high-speed internet, video, voice and mobile services to residential and business customers under the Xfinity and Comcast Business brands. Comcast Cable has built a robust broadband network across the United States, positioning itself as a leading provider of connectivity solutions in both urban centers and suburban markets.

In 2011, Comcast completed its acquisition of media giant NBCUniversal, significantly expanding its presence in content creation and distribution.