Comcast (NYSE:CCZ) Stock Price Down 0.5% – What’s Next?

Comcast Holdings Corp. (NYSE:CCZ)’s stock price fell 0.5% on Tuesday . The stock traded as low as $64.38 and last traded at $63.55. 194 shares changed hands during trading, an increase of 47% from the average session volume of 132 shares. The stock had previously closed at $63.84.

Comcast Trading Down 0.5%

The company has a fifty day simple moving average of $62.62 and a 200 day simple moving average of $61.45.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 1st were paid 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 yield of 2.9%. The ex-dividend date of this dividend was Wednesday, December 31st.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Comcast stock. Thornburg Investment Management Inc. increased its holdings in Comcast Holdings Corp. (NYSE:CCZ) by 79.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,060 shares of the company’s stock after acquiring 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 quarter.

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.