Comcast (NYSE:CCZ) Trading Down 3.1% – Should You Sell?

Shares of Comcast Holdings Corp. (NYSE:CCZ) dropped 3.1% during trading on Monday . The stock traded as low as $62.75 and last traded at $62.00. Approximately 100 shares traded hands during trading, a decline of 89% from the average daily volume of 944 shares. The stock had previously closed at $64.00.

Comcast Price Performance

The business’s fifty day simple moving average is $61.22 and its two-hundred day simple moving average is $60.43.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were issued a $0.448 dividend. This represents a $1.79 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, October 1st. This is a positive change 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. increased its stake in Comcast Holdings Corp. (NYSE:CCZ) by 79.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor 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.

Comcast Company Profile

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