Mesirow Financial Investment Management Equity Management purchased a new stake in shares of AT&T Inc. (NYSE:T) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,800 shares of the company’s stock, valued at approximately $423,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Emerald Acquisition Ltd. bought a new position in shares of AT&T during the second quarter worth $387,606,000. TIAA CREF Investment Management LLC increased its position 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. Swedbank bought a new position in shares of AT&T during the second quarter worth $104,188,000. First Trust Advisors LP increased its position in shares of AT&T by 53.7% in the second quarter. First Trust Advisors LP now owns 6,711,838 shares of the company’s stock worth $290,019,000 after buying an additional 2,345,042 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of AT&T by 34.6% in the second quarter. American Century Companies Inc. now owns 8,346,666 shares of the company’s stock worth $360,659,000 after buying an additional 2,146,128 shares in the last quarter. 53.62% of the stock is owned by hedge funds and other institutional investors.
Shares of AT&T Inc. (NYSE:T) traded up 0.08% during trading on Wednesday, hitting $39.39. 1,716,397 shares of the stock traded hands. The stock has a 50 day moving average price of $40.24 and a 200-day moving average price of $40.53. The stock has a market cap of $242.33 billion, a price-to-earnings ratio of 16.99 and a beta of 0.30. AT&T Inc. has a 1-year low of $32.22 and a 1-year high of $43.89.
AT&T (NYSE:T) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The business earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. Equities analysts forecast that AT&T Inc. will post $2.86 EPS for the current year.
The firm 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 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s payout ratio is currently 83.12%.
A number of brokerages have weighed in on T. Barclays PLC reaffirmed a “buy” rating on shares of AT&T in a research note on Sunday, July 17th. Vetr downgraded shares of AT&T from a “hold” rating to a “sell” rating and set a $38.71 target price for the company. in a research note on Tuesday, June 21st. 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. FBR & Co lifted their price target on shares of AT&T from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Friday, July 22nd. Finally, Robert W. Baird reiterated 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, eleven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. AT&T presently has a consensus rating of “Hold” and a consensus target price of $41.86.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of AT&T stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently 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.
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).
Receive News & Ratings for AT&T Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T Inc. and related companies with MarketBeat.com's FREE daily email newsletter.