Mathes Company Inc. decreased its stake in shares of AT&T Inc. (NYSE:T) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 74,725 shares of the technology company’s stock after selling 1,700 shares during the period. AT&T accounts for about 1.3% of Mathes Company Inc.’s holdings, making the stock its 27th largest position. Mathes Company Inc.’s holdings in AT&T were worth $2,819,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in T. Norges Bank acquired a new position in shares of AT&T during the fourth quarter valued at about $2,416,759,000. Asset Management One Co. Ltd. boosted its position in shares of AT&T by 731.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 10,876,186 shares of the technology company’s stock valued at $462,693,000 after buying an additional 9,568,534 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in shares of AT&T by 2,630.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 3,225,260 shares of the technology company’s stock valued at $137,171,000 after buying an additional 3,107,120 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of AT&T by 26.5% in the fourth quarter. Teachers Advisors LLC now owns 13,610,660 shares of the technology company’s stock valued at $578,861,000 after buying an additional 2,849,017 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of AT&T by 4,357.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,049,259 shares of the technology company’s stock valued at $2,049,000 after buying an additional 2,003,286 shares in the last quarter. 55.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AT&T Inc. (T) opened at 36.52 on Friday. The firm has a 50-day moving average of $37.85 and a 200-day moving average of $40.00. The firm has a market capitalization of $224.52 billion, a PE ratio of 17.86 and a beta of 0.47. AT&T Inc. has a 1-year low of $35.81 and a 1-year high of $43.50.
AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.74 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.74. AT&T had a return on equity of 14.22% and a net margin of 7.77%. The firm had revenue of $39.40 billion during the quarter, compared to the consensus estimate of $40.50 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The business’s revenue was down 2.8% on a year-over-year basis. On average, equities research analysts anticipate that AT&T Inc. will post $2.89 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend is Thursday, July 6th. AT&T’s dividend payout ratio (DPR) is currently 96.08%.
T has been the topic of several recent research reports. Wells Fargo & Company reaffirmed an “outperform” rating on shares of AT&T in a research note on Tuesday, April 11th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $42.00 price objective on shares of AT&T in a research note on Sunday, July 9th. Tigress Financial raised shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 9th. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price objective on the stock in a research note on Monday, July 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 price objective on shares of AT&T in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.66.
AT&T Company Profile
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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