WealthTrust Arizona LLC raised its stake in AT&T Inc. (NYSE:T) by 13.0% during the second quarter, Holdings Channel reports. The firm owned 2,612 shares of the company’s stock after buying an additional 300 shares during the period. WealthTrust Arizona LLC’s holdings in AT&T were worth $113,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. Cornerstone Investment Partners LLC increased its stake in AT&T by 0.6% in the second quarter. Cornerstone Investment Partners LLC now owns 9,554 shares of the company’s stock valued at $413,000 after buying an additional 54 shares during the last quarter. Cohen Lawrence B increased its stake in AT&T by 0.4% in the second quarter. Cohen Lawrence B now owns 13,585 shares of the company’s stock valued at $587,000 after buying an additional 60 shares during the last quarter. Nadler Financial Group Inc. increased its stake in AT&T by 0.4% in the second quarter. Nadler Financial Group Inc. now owns 14,085 shares of the company’s stock valued at $609,000 after buying an additional 62 shares during the last quarter. Smith & Howard Wealth Management LLC increased its stake in AT&T by 0.8% in the first quarter. Smith & Howard Wealth Management LLC now owns 8,220 shares of the company’s stock valued at $322,000 after buying an additional 66 shares during the last quarter. Finally, Badgley Phelps & Bell Inc. increased its stake in AT&T by 0.4% in the first quarter. Badgley Phelps & Bell Inc. now owns 17,269 shares of the company’s stock valued at $676,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 53.64% of the company’s stock.
AT&T Inc. (NYSE:T) traded up 0.59% during midday trading on Wednesday, hitting $39.33. The stock had a trading volume of 17,179,729 shares. The firm has a 50-day moving average price of $40.47 and a 200-day moving average price of $40.52. AT&T Inc. has a 1-year low of $32.22 and a 1-year high of $43.89. The firm has a market capitalization of $241.96 billion, a price-to-earnings ratio of 16.96 and a beta of 0.30.
AT&T (NYSE:T) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The business earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. On average, equities research analysts anticipate that AT&T Inc. will post $2.86 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be paid a $0.48 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $1.92 annualized dividend and a yield of 4.88%. AT&T’s dividend payout ratio (DPR) is presently 83.12%.
T has been the topic of several recent analyst reports. Vetr downgraded AT&T from a “hold” rating to a “sell” rating and set a $38.71 price objective on the stock. in a report on Tuesday, June 21st. Citigroup Inc. downgraded AT&T from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $42.00 to $46.00 in a report on Thursday, July 7th. They noted that the move was a valuation call. Jefferies Group restated a “buy” rating and set a $44.00 price objective on shares of AT&T in a report on Thursday, July 21st. Wells Fargo & Co. restated a “buy” rating on shares of AT&T in a report on Friday, July 22nd. Finally, Nomura restated a “buy” rating and set a $46.00 price objective on shares of AT&T in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $41.89.
In related news, CEO John T. Stankey sold 2,131 shares of the business’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the sale, the chief executive officer now directly owns 13,583 shares in the company, valued at approximately $589,230.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is owned by corporate insiders.
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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