Comcast (NYSE:CCZ) Stock Price Up 0.5% – Here’s Why

Comcast Holdings Corp. (NYSE:CCZ) was up 0.5% during trading on Tuesday . The company traded as high as $63.18 and last traded at $62.50. Approximately 153 shares changed hands during trading, a decline of 13% from the average daily volume of 176 shares. The stock had previously closed at $62.16.

Comcast Stock Performance

The business has a 50 day moving average of $62.23 and a 200-day moving average of $60.95.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 1st were given a dividend of $0.4622 per share. This is a boost from Comcast’s previous quarterly dividend of $0.45. This represents a $1.85 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Wednesday, December 31st.

Hedge Funds Weigh In On Comcast

A hedge fund recently raised its stake in Comcast stock. Thornburg Investment Management Inc. lifted its stake in shares of Comcast Holdings Corp. (NYSE:CCZ) by 79.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 284,060 shares of the company’s stock after acquiring 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.

About Comcast

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.