Sigma Planning Corp boosted its stake in AT&T Inc. (NYSE:T) by 7.3% during the second quarter, Holdings Channel reports. The institutional investor owned 196,403 shares of the company’s stock after buying an additional 13,283 shares during the period. AT&T comprises approximately 1.1% of Sigma Planning Corp’s investment portfolio, making the stock its 9th largest position. Sigma Planning Corp’s holdings in AT&T were worth $8,487,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. WealthTrust Arizona LLC raised 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 raised 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 raised 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 bought a new stake in AT&T during the first quarter valued at about $200,000. Finally, Kelman Lazarov Inc. raised 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. 53.62% of the stock is owned by institutional investors.
Shares of AT&T Inc. (NYSE:T) traded up 0.13% on Monday, reaching $39.27. The company had a trading volume of 13,885,020 shares. The company has a market capitalization of $241.59 billion, a PE ratio of 16.93 and a beta of 0.30. The company’s 50-day moving average is $40.29 and its 200-day moving average is $40.53. AT&T Inc. has a one year low of $32.22 and a one year high of $43.89.
AT&T (NYSE:T) last issued its earnings results on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The business had revenue of $40.50 billion for the quarter, compared to analysts’ expectations of $40.75 billion. Equities research analysts predict that AT&T Inc. will post $2.86 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a yield of 4.89%. AT&T’s payout ratio is 83.12%.
Several analysts recently issued reports on T shares. Robert W. Baird reiterated a “neutral” rating and set a $41.00 target price on shares of AT&T in a report on Tuesday, June 28th. Deutsche Bank AG restated a “buy” rating and issued a $45.00 price objective on shares of AT&T in a research note on Tuesday, October 11th. Citigroup Inc. lowered AT&T from a “buy” rating to a “neutral” rating and upped their price objective for the company from $42.00 to $46.00 in a research note on Thursday, July 7th. They noted that the move was a valuation call. Zacks Investment Research lowered AT&T from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Finally, FBR & Co upped their price objective on AT&T from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $41.86.
In other news, CEO John T. Stankey sold 2,131 shares of the company’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total value of $92,442.78. Following the transaction, the chief executive officer now owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.07% of the company’s stock.
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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