Bollard Group LLC raised its position in shares of AT&T Inc. (NYSE:T) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 451,190 shares of the company’s stock after buying an additional 4,776 shares during the period. AT&T accounts for approximately 1.3% of Bollard Group LLC’s investment portfolio, making the stock its 6th largest position. Bollard Group LLC’s holdings in AT&T were worth $19,496,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of T. Aviva PLC increased its stake in AT&T by 5.5% in the first quarter. Aviva PLC now owns 4,540,243 shares of the company’s stock valued at $177,841,000 after buying an additional 237,012 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in AT&T by 6.2% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 811,263 shares of the company’s stock valued at $35,055,000 after buying an additional 47,100 shares during the period. Community Trust & Investment Co. increased its stake in AT&T by 1.8% in the second quarter. Community Trust & Investment Co. now owns 516,263 shares of the company’s stock valued at $22,307,000 after buying an additional 9,126 shares during the period. Logan Capital Management Inc. increased its stake in AT&T by 0.3% in the first quarter. Logan Capital Management Inc. now owns 736,564 shares of the company’s stock valued at $28,851,000 after buying an additional 2,079 shares during the period. Finally, Credit Agricole S A increased its stake in AT&T by 12.6% in the first quarter. Credit Agricole S A now owns 5,299,940 shares of the company’s stock valued at $207,598,000 after buying an additional 593,693 shares during the period. 53.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AT&T Inc. (NYSE:T) traded up 0.36% during trading on Monday, hitting $39.01. The stock had a trading volume of 19,020,705 shares. The firm has a market cap of $239.99 billion, a PE ratio of 16.82 and a beta of 0.30. The stock has a 50 day moving average of $40.52 and a 200 day moving average of $40.53. AT&T Inc. has a 52-week low of $32.22 and a 52-week high of $43.89.
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, hitting the Zacks’ consensus estimate of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The company earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. On average, equities analysts anticipate that AT&T Inc. will post $2.86 EPS for the current year.
The business 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. This represents a $1.92 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s payout ratio is currently 83.12%.
Several research analysts recently issued reports on T shares. Vetr lowered AT&T from a “hold” rating to a “sell” rating and set a $38.71 target price for the company. in a research report on Tuesday, June 21st. Barclays PLC reaffirmed a “buy” rating on shares of AT&T in a research report on Sunday, July 17th. S&P Equity Research set a $46.00 target price on AT&T and gave the stock a “buy” rating in a research report on Sunday, July 24th. FBR & Co raised their target price on AT&T from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Friday, July 22nd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $41.00 target price on shares of AT&T in a research report on Tuesday, June 28th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.82.
In related news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the transaction, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is currently owned by corporate insiders.
AT&T Company Profile
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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