Comcast (NYSE:CCZ) Trading Up 2.7% – Here’s Why

Shares of Comcast Holdings Corp. (NYSE:CCZGet Free Report) traded up 2.7% during trading on Wednesday . The stock traded as high as $63.00 and last traded at $63.00. 113 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 872 shares. The stock had previously closed at $61.37.

Comcast Price Performance

The stock’s 50 day simple moving average is $61.84 and its two-hundred day simple moving average is $60.58.

Comcast Increases Dividend

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

Institutional Trading of Comcast

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

About Comcast

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