United Asset Strategies Inc. cut its position in shares of AT&T Inc. (NYSE:T) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,522 shares of the technology company’s stock after selling 420 shares during the quarter. United Asset Strategies Inc.’s holdings in AT&T were worth $1,076,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of T. Schwab Charles Investment Management Inc. raised its holdings in shares of AT&T by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 23,368,641 shares of the technology company’s stock worth $881,699,000 after acquiring an additional 1,011,014 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of AT&T by 0.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,915,402 shares of the technology company’s stock worth $744,385,000 after acquiring an additional 143,884 shares during the last quarter. APG Asset Management N.V. raised its holdings in shares of AT&T by 7.1% in the second quarter. APG Asset Management N.V. now owns 16,917,935 shares of the technology company’s stock worth $638,314,000 after acquiring an additional 1,117,300 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of AT&T by 6.4% in the second quarter. Great West Life Assurance Co. Can now owns 8,847,061 shares of the technology company’s stock worth $333,379,000 after acquiring an additional 532,249 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its holdings in shares of AT&T by 11.0% in the first quarter. State of Wisconsin Investment Board now owns 6,051,883 shares of the technology company’s stock worth $251,456,000 after acquiring an additional 597,735 shares during the last quarter. 55.21% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Matthew K. Rose bought 29,600 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was bought at an average price of $33.75 per share, with a total value of $999,000.00. Following the completion of the transaction, the director now directly owns 3,100 shares of the company’s stock, valued at $104,625. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on T. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price target for the company. in a report on Friday, October 6th. Morgan Stanley boosted their price target on AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 27th. BidaskClub raised AT&T from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, October 11th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $43.00 price target on shares of AT&T in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.48.
Shares of AT&T Inc. (NYSE T) opened at $33.72 on Wednesday. AT&T Inc. has a 1 year low of $32.55 and a 1 year high of $43.03. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $207,680.00, a PE ratio of 11.68, a PEG ratio of 2.76 and a beta of 0.41.
AT&T (NYSE:T) last issued its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The company had revenue of $39.67 billion during the quarter, compared to analysts’ expectations of $40.34 billion. During the same period in the previous year, the company earned $0.74 EPS. AT&T’s quarterly revenue was down 3.0% on a year-over-year basis. research analysts expect that AT&T Inc. will post 2.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.81%. The ex-dividend date was Friday, October 6th. AT&T’s payout ratio is 94.23%.
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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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