DE Burlo Group Inc. raised its stake in AT&T Inc. (NYSE:T) by 56.7% during the second quarter, Holdings Channel reports. The firm owned 148,997 shares of the company’s stock after buying an additional 53,890 shares during the period. AT&T accounts for approximately 1.6% of DE Burlo Group Inc.’s investment portfolio, making the stock its 25th largest position. DE Burlo Group Inc.’s holdings in AT&T were worth $6,438,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings 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 last quarter. 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 last quarter. 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 last quarter. 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 last quarter. 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 last quarter. Hedge funds and other institutional investors own 53.64% of the company’s stock.
AT&T Inc. (NYSE:T) traded down 2.193% during mid-day trading on Tuesday, hitting $39.876. The company had a trading volume of 15,223,953 shares. The company has a market capitalization of $245.32 billion, a P/E ratio of 17.195 and a beta of 0.30. The company has a 50-day moving average price of $40.90 and a 200 day moving average price 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 posted its quarterly earnings data on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. AT&T had a return on equity of 13.93% and a net margin of 8.76%. The firm earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. On average, analysts forecast that AT&T Inc. will post $2.86 EPS for the current fiscal 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 paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s dividend payout ratio is currently 83.12%.
A number of equities research analysts have commented on the stock. S&P Equity Research set a $46.00 target price on shares of AT&T and gave the stock a “buy” rating in a research note on Sunday, July 24th. Vetr cut shares of AT&T from a “hold” rating to a “sell” rating and set a $38.71 price objective on the stock. in a research report on Tuesday, June 21st. Wells Fargo & Co. reiterated a “buy” rating on shares of AT&T in a research report on Friday, July 22nd. Barclays PLC lifted their price objective on shares of AT&T from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, July 15th. Finally, Jefferies Group reiterated a “buy” rating on shares of AT&T in a research report on Wednesday, August 3rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.62.
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 transaction, 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 filing with the SEC, which can be accessed through the SEC website. 0.07% of the stock is 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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