Charter Trust Co. raised its stake in AT&T Inc. (NYSE:T) by 4.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 243,709 shares of the company’s stock after buying an additional 10,946 shares during the period. AT&T makes up about 1.2% of Charter Trust Co.’s investment portfolio, making the stock its 23rd largest position. Charter Trust Co.’s holdings in AT&T were worth $10,530,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invictus RG raised its stake in shares of AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock valued at $138,000 after buying an additional 2,560 shares during the period. RPg Family Wealth Advisory LLC raised its stake in shares of AT&T by 61.0% in the first quarter. RPg Family Wealth Advisory LLC now owns 4,398 shares of the company’s stock valued at $172,000 after buying an additional 1,666 shares during the period. Continental Advisors LLC purchased a new stake in shares of AT&T during the first quarter valued at $200,000. Kelman Lazarov Inc. raised its stake in shares of AT&T by 29.3% in the second quarter. Kelman Lazarov Inc. now owns 5,346 shares of the company’s stock valued at $232,000 after buying an additional 1,211 shares during the period. Finally, Gateway Advisory LLC purchased a new stake in shares of AT&T during the first quarter valued at $239,000. 53.64% of the stock is owned by institutional investors.
AT&T Inc. (NYSE:T) traded down 0.29% during mid-day trading on Friday, hitting $40.61. The stock had a trading volume of 19,381,624 shares. The stock’s 50 day moving average price is $40.97 and its 200 day moving average price is $40.48. AT&T Inc. has a one year low of $32.22 and a one year high of $43.89. The firm has a market capitalization of $249.83 billion, a price-to-earnings ratio of 17.51 and a beta of 0.28.
AT&T (NYSE:T) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the Zacks’ 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%. Analysts forecast that AT&T Inc. will post $2.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be issued a dividend of $0.48 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.73%. AT&T’s payout ratio is presently 83.12%.
Several analysts have recently weighed in on the company. S&P Equity Research set a $46.00 price objective on AT&T and gave the company a “buy” rating in a report on Sunday, July 24th. Vetr downgraded AT&T from a “hold” rating to a “sell” rating and set a $38.71 target price for the company. in a report on Tuesday, June 21st. Wells Fargo & Co. reaffirmed a “buy” rating on shares of AT&T in a report on Friday, July 22nd. Barclays PLC upped their target price on AT&T from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, July 15th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of AT&T in a report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $41.43.
In related news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.
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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