Sterling Global Strategies LLC boosted its stake in AT&T Inc. (NYSE:T) by 1.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,051 shares of the company’s stock after buying an additional 150 shares during the period. AT&T accounts for approximately 2.0% of Sterling Global Strategies LLC’s portfolio, making the stock its 8th largest position. Sterling Global Strategies LLC’s holdings in AT&T were worth $521,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of T. Aviva PLC boosted 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 worth $177,841,000 after buying an additional 237,012 shares during the period. Community Trust & Investment Co. boosted 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 worth $22,307,000 after buying an additional 9,126 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted 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 worth $35,055,000 after buying an additional 47,100 shares during the period. Logan Capital Management Inc. boosted 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 worth $28,851,000 after buying an additional 2,079 shares during the period. Finally, Credit Agricole S A boosted 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 worth $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 down 0.29% during midday trading on Friday, reaching $40.61. 19,381,624 shares of the company’s stock were exchanged. AT&T Inc. has a 12-month low of $32.22 and a 12-month high of $43.89. The company has a market cap of $249.83 billion, a price-to-earnings ratio of 17.51 and a beta of 0.28. The stock’s 50 day moving average price is $40.97 and its 200 day moving average price is $40.48.
AT&T (NYSE:T) last released its earnings results on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. The firm earned $40.50 billion during the quarter, compared to analyst estimates of $40.75 billion. AT&T had a net margin of 8.76% and a return on equity of 13.93%. Equities analysts anticipate that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.73%. AT&T’s dividend payout ratio (DPR) is presently 83.12%.
A number of research firms recently weighed in on T. Vetr lowered shares of AT&T from a “hold” rating to a “sell” rating and set a $38.71 price objective for the company. in a research note on Tuesday, June 21st. Barclays PLC restated a “buy” rating on shares of AT&T in a research report on Sunday, July 17th. 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. FBR & Co boosted their price target on shares of AT&T from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Friday, July 22nd. Finally, Robert W. Baird restated a “neutral” rating and set a $41.00 price target on shares of AT&T in a research report on Tuesday, June 28th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $41.43.
In other news, CEO John T. Stankey sold 2,131 shares of the firm’s 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 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 available through this hyperlink. 0.07% of the stock is currently owned by 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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