Gargoyle Investment Advisor L.L.C. maintained its position in AT&T Inc. (NYSE:T) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,290 shares of the technology company’s stock at the end of the 2nd quarter. Gargoyle Investment Advisor L.L.C.’s holdings in AT&T were worth $2,501,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Holderness Investments Co. raised its position in shares of AT&T by 62.9% during the 1st quarter. Holderness Investments Co. now owns 96,452 shares of the technology company’s stock worth $4,008,000 after acquiring an additional 37,234 shares in the last quarter. Doyle Wealth Management raised its position in shares of AT&T by 4.3% during the 2nd quarter. Doyle Wealth Management now owns 37,561 shares of the technology company’s stock worth $1,417,000 after acquiring an additional 1,559 shares in the last quarter. Telos Capital Management Inc. raised its position in shares of AT&T by 4.8% during the 2nd quarter. Telos Capital Management Inc. now owns 69,994 shares of the technology company’s stock worth $2,641,000 after acquiring an additional 3,197 shares in the last quarter. Altfest L J & Co. Inc. raised its position in shares of AT&T by 42.1% during the 2nd quarter. Altfest L J & Co. Inc. now owns 45,618 shares of the technology company’s stock worth $1,721,000 after acquiring an additional 13,510 shares in the last quarter. Finally, Welch Investments LLC raised its position in shares of AT&T by 9.3% during the 2nd quarter. Welch Investments LLC now owns 109,245 shares of the technology company’s stock worth $4,122,000 after acquiring an additional 9,291 shares in the last quarter. 55.21% of the stock is currently owned by institutional investors.
In other AT&T news, Director Matthew K. Rose purchased 29,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were purchased at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the purchase, the director now directly owns 3,100 shares in the company, valued at $104,625. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.
Several equities research analysts have recently weighed in on T shares. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of AT&T in a research report on Wednesday, October 25th. KeyCorp reissued a “hold” rating on shares of AT&T in a research report on Wednesday, October 11th. Zacks Investment Research lowered AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Citigroup Inc. raised their target price on AT&T from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Finally, Deutsche Bank AG cut their target price on AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. AT&T presently has an average rating of “Hold” and an average price target of $43.48.
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Shares of AT&T Inc. (NYSE:T) opened at $33.72 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $43.03. The firm has a market capitalization of $207,680.00, a P/E ratio of 11.68, a P/E/G ratio of 2.76 and a beta of 0.41.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The business had revenue of $39.67 billion during the quarter, compared to analysts’ expectations of $40.34 billion. During the same quarter last year, the firm earned $0.74 earnings per share. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. research analysts anticipate that AT&T Inc. will post 2.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.81%. AT&T’s dividend payout ratio (DPR) is presently 94.23%.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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