Nelson Van Denburg & Campbell Wealth Management Group LLC decreased its position in AT&T Inc. (NYSE:T) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,822 shares of the company’s stock after selling 14 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in AT&T were worth $338,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its position in shares of AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock valued at $101,000 after buying an additional 1,489 shares during the period. Taylor Wealth Management Partners increased its position in shares of AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock valued at $110,000 after buying an additional 700 shares during the period. WealthTrust Arizona LLC increased its position in shares of 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 period. Invictus RG increased its position 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. Finally, JNBA Financial Advisors increased its position in shares of AT&T by 6.6% in the second quarter. JNBA Financial Advisors now owns 3,852 shares of the company’s stock valued at $166,000 after buying an additional 238 shares during the period. Hedge funds and other institutional investors own 53.64% of the company’s stock.
AT&T Inc. (NYSE:T) traded up 0.3020% on Friday, hitting $39.4889. The company had a trading volume of 3,382,597 shares. The stock has a market cap of $242.94 billion, a P/E ratio of 17.0284 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 firm’s 50 day moving average price is $40.38 and its 200 day moving average price is $40.51.
AT&T (NYSE:T) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The company had revenue of $40.50 billion for 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%. Equities analysts predict that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.
The business 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. This represents a $1.92 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Wednesday, October 5th. AT&T’s payout ratio is presently 83.12%.
Several analysts have recently commented on T shares. Barclays PLC reissued 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 report on Sunday, July 24th. Pacific Crest reissued a “hold” rating on shares of AT&T in a report on Wednesday, September 7th. Zacks Investment Research cut AT&T from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Finally, Argus reaffirmed a “buy” rating and set a $51.00 price objective (up from $45.00) on shares of AT&T in a report on Tuesday, July 26th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently 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 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 $589,230.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.07% of the stock is currently owned by corporate 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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