Private Wealth Advisors Inc. raised its position in shares of AT&T Inc. (NYSE:T) by 3.5% during the second quarter, Holdings Channel reports. The fund owned 23,042 shares of the company’s stock after buying an additional 769 shares during the period. Private Wealth Advisors Inc.’s holdings in AT&T were worth $996,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Douglas Lane & Associates LLC purchased a new stake in shares of AT&T during the first quarter valued at about $1,767,000. Bellecapital International Ltd. raised its stake in shares of AT&T by 119.1% in the first quarter. Bellecapital International Ltd. now owns 26,758 shares of the company’s stock valued at $1,001,000 after buying an additional 14,545 shares in the last quarter. Forte Capital LLC ADV raised its stake in shares of AT&T by 4.8% in the first quarter. Forte Capital LLC ADV now owns 36,052 shares of the company’s stock valued at $1,412,000 after buying an additional 1,649 shares in the last quarter. Sadoff Investment Management LLC raised its stake in shares of AT&T by 0.7% in the first quarter. Sadoff Investment Management LLC now owns 244,057 shares of the company’s stock valued at $9,560,000 after buying an additional 1,656 shares in the last quarter. Finally, Vicus Capital raised its stake in shares of AT&T by 6.9% in the first quarter. Vicus Capital now owns 76,990 shares of the company’s stock valued at $3,016,000 after buying an additional 4,950 shares in the last quarter. Institutional investors own 53.64% of the company’s stock.
AT&T Inc. (NYSE:T) traded up 0.10% on Thursday, reaching $39.37. 17,546,584 shares of the company traded hands. The company has a market capitalization of $242.20 billion, a PE ratio of 16.98 and a beta of 0.30. The stock has a 50-day moving average of $40.43 and a 200 day moving average of $40.52. AT&T Inc. has a 52-week low of $32.22 and a 52-week high of $43.89.
AT&T (NYSE:T) last announced its 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 firm had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. On average, equities analysts forecast that AT&T Inc. will post $2.86 EPS 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 given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.88%. AT&T’s dividend payout ratio is 83.12%.
Several equities analysts have weighed in on T shares. Barclays PLC restated a “buy” rating on shares of AT&T in a report on Sunday, July 17th. Vetr lowered AT&T from a “hold” rating to a “sell” rating and set a $38.71 target price on the stock. in a report on Tuesday, June 21st. S&P Equity Research set a $46.00 target price on AT&T and gave the company a “buy” rating in a report on Sunday, July 24th. FBR & Co raised their target price on AT&T from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Friday, July 22nd. Finally, Robert W. Baird restated a “neutral” rating and set a $41.00 target price on shares of AT&T in a report on Tuesday, June 28th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $41.86.
In related news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total transaction of $92,442.78. Following the sale, the chief executive officer now owns 13,583 shares in the company, valued at approximately $589,230.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.
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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