Torray LLC raised its position in AT&T Inc. (NYSE:T) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 457,225 shares of the company’s stock after buying an additional 35,625 shares during the period. Torray LLC’s holdings in AT&T were worth $19,757,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. BlackRock Institutional Trust Company N.A. raised its stake in AT&T by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 162,390,830 shares of the company’s stock worth $6,360,849,000 after buying an additional 656,641 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of AT&T by 1.8% in the first quarter. BlackRock Fund Advisors now owns 79,579,666 shares of the company’s stock worth $3,117,136,000 after buying an additional 1,417,502 shares during the last quarter. Geode Capital Management LLC increased its position in shares of AT&T by 1.9% in the first quarter. Geode Capital Management LLC now owns 51,931,393 shares of the company’s stock worth $2,030,190,000 after buying an additional 971,072 shares during the last quarter. Nordea Investment Management AB increased its position in shares of AT&T by 2.5% in the second quarter. Nordea Investment Management AB now owns 25,459,807 shares of the company’s stock worth $1,100,118,000 after buying an additional 623,365 shares during the last quarter. Finally, 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 during the last quarter. Hedge funds and other institutional investors own 53.64% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded up 0.3020% during midday trading on Friday, reaching $39.4889. 3,382,597 shares of the company’s stock were exchanged. The company’s 50-day moving average is $40.38 and its 200-day moving average is $40.51. AT&T Inc. has a one year low of $32.22 and a one year high of $43.89. 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 (NYSE:T) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting the Zacks’ 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 analysts expect that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Wednesday, October 5th. AT&T’s dividend payout ratio is presently 83.12%.
A number of brokerages have issued reports on T. Barclays PLC reissued a “buy” rating on shares of AT&T in a research report on Sunday, July 17th. S&P Equity Research set a $46.00 price objective on shares of AT&T and gave the company a “buy” rating in a research report on Sunday, July 24th. Pacific Crest reissued a “hold” rating on shares of AT&T in a research report on Wednesday, September 7th. Zacks Investment Research downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, July 1st. Finally, Argus reissued a “buy” rating and set a $51.00 price objective (up from $45.00) on shares of AT&T in a research report on Tuesday, July 26th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.86.
In related news, CEO John T. Stankey sold 2,131 shares of the business’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 transaction, the chief executive officer now owns 13,583 shares in the company, valued at $589,230.54. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.07% of the company’s stock.
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.
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.