Middleton & Co Inc MA boosted its stake in AT&T Inc. (NYSE:T) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 22,640 shares of the company’s stock after buying an additional 508 shares during the period. Middleton & Co Inc MA’s holdings in AT&T were worth $978,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. WealthTrust Arizona LLC boosted its stake in AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock valued at $113,000 after buying an additional 300 shares during the last quarter. Invictus RG boosted its stake in 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 last quarter. RPg Family Wealth Advisory LLC boosted its stake in 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 last quarter. Continental Advisors LLC purchased a new stake in AT&T during the first quarter valued at $200,000. Finally, Kelman Lazarov Inc. boosted its stake in 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 last quarter. 53.64% of the stock is owned by institutional investors and hedge funds.
Shares of AT&T Inc. (NYSE:T) traded down 0.38% during mid-day trading on Friday, reaching $39.22. The company’s stock had a trading volume of 13,516,996 shares. The company has a market cap of $241.28 billion, a P/E ratio of 16.91 and a beta of 0.30. AT&T Inc. has a 12 month low of $32.22 and a 12 month high of $43.89. The company has a 50-day moving average of $40.33 and a 200-day moving average of $40.51.
AT&T (NYSE:T) last posted 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 company had revenue of $40.50 billion for the quarter, compared to analysts’ expectations of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. Equities research analysts forecast that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.
The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.90%. AT&T’s payout ratio is presently 83.12%.
T has been the subject of several analyst reports. Barclays PLC reaffirmed a “buy” rating on shares of AT&T in a report on Sunday, July 17th. S&P Equity Research set a $46.00 price target on AT&T and gave the company a “buy” rating in a research note on Sunday, July 24th. Pacific Crest reiterated a “hold” rating on shares of AT&T in a research note on Wednesday, September 7th. Zacks Investment Research lowered AT&T from a “buy” rating to a “hold” rating in a research note on Friday, July 1st. Finally, Argus reiterated a “buy” rating and issued a $51.00 price target (up previously from $45.00) on shares of AT&T in a research note on Tuesday, July 26th. 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. The stock currently has an average rating of “Hold” and a consensus price target of $41.86.
In related news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $43.38, for a total value of $92,442.78. Following the sale, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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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