LS Investment Advisors LLC boosted its stake in AT&T Inc. (NYSE:T) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 521,598 shares of the company’s stock after buying an additional 23,030 shares during the period. AT&T makes up about 1.6% of LS Investment Advisors LLC’s portfolio, making the stock its 2nd largest position. LS Investment Advisors LLC’s holdings in AT&T were worth $22,538,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of T. BlackRock Institutional Trust Company N.A. raised its stake in shares of AT&T by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 162,390,830 shares of the company’s stock worth $6,360,849,000 after buying an additional 656,641 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of AT&T by 1.8% in the first quarter. BlackRock Fund Advisors now owns 79,579,666 shares of the company’s stock worth $3,117,136,000 after buying an additional 1,417,502 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of AT&T by 1.9% in the first quarter. Geode Capital Management LLC now owns 51,931,393 shares of the company’s stock worth $2,030,190,000 after buying an additional 971,072 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of AT&T by 2.5% in the second quarter. Nordea Investment Management AB now owns 25,459,807 shares of the company’s stock worth $1,100,118,000 after buying an additional 623,365 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of AT&T by 12.8% in the first quarter. TIAA CREF Investment Management LLC now owns 24,011,256 shares of the company’s stock worth $940,521,000 after buying an additional 2,733,411 shares in the last quarter. 53.64% of the stock is currently owned by institutional investors and hedge funds.
AT&T Inc. (NYSE:T) traded down 0.38% on Friday, reaching $39.22. The company had a trading volume of 13,516,996 shares. AT&T Inc. has a 12-month low of $32.22 and a 12-month high of $43.89. The stock has a market capitalization of $241.28 billion, a P/E ratio of 16.91 and a beta of 0.30. The stock’s 50-day moving average price is $40.33 and its 200-day moving average price is $40.51.
AT&T (NYSE:T) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. The business earned $40.50 billion during the quarter, compared to analyst estimates 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 EPS for the current fiscal 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 given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s payout ratio is currently 83.12%.
Several research analysts have recently issued reports on T shares. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Tuesday, July 5th. Jefferies Group reiterated a “buy” rating on shares of AT&T in a research report on Wednesday, August 3rd. S&P Equity Research set a $46.00 price target on shares of AT&T and gave the company a “buy” rating in a research report on Sunday, July 24th. Robert W. Baird reiterated a “neutral” rating and issued a $41.00 price target on shares of AT&T in a research report on Monday, July 25th. Finally, Citigroup Inc. downgraded shares of AT&T from a “buy” rating to a “neutral” rating and increased their price target for the company from $42.00 to $46.00 in a research report on Thursday, July 7th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. AT&T currently has an average rating of “Hold” and an average price target of $41.86.
In related news, CEO John T. Stankey sold 2,131 shares of the 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 of the company’s stock, valued at approximately $589,230.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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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