Barry Investment Advisors LLC decreased its position in AT&T Inc. (NYSE:T) by 1.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 218,596 shares of the technology company’s stock after selling 2,175 shares during the period. AT&T accounts for about 3.4% of Barry Investment Advisors LLC’s portfolio, making the stock its 12th largest position. Barry Investment Advisors LLC’s holdings in AT&T were worth $9,083,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of T. Taylor Wealth Management Partners boosted its stake in AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after buying an additional 11 shares in the last quarter. Cornerstone Investment Partners LLC boosted its stake in AT&T by 0.3% in the first quarter. Cornerstone Investment Partners LLC now owns 9,584 shares of the technology company’s stock valued at $398,000 after buying an additional 30 shares in the last quarter. Lathrop Investment Management Corp boosted its stake in AT&T by 0.3% in the first quarter. Lathrop Investment Management Corp now owns 24,960 shares of the technology company’s stock valued at $1,037,000 after buying an additional 73 shares in the last quarter. Gillespie Robinson & Grimm Inc. boosted its stake in AT&T by 1.3% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 7,963 shares of the technology company’s stock valued at $331,000 after buying an additional 100 shares in the last quarter. Finally, Advisory Research Inc. boosted its stake in AT&T by 0.3% in the fourth quarter. Advisory Research Inc. now owns 39,159 shares of the technology company’s stock valued at $1,665,000 after buying an additional 102 shares in the last quarter. 55.32% of the stock is owned by institutional investors.
Shares of AT&T Inc. (T) opened at 39.00 on Friday. AT&T Inc. has a 12 month low of $35.81 and a 12 month high of $43.50. The stock has a 50 day moving average price of $37.64 and a 200-day moving average price of $39.82. The stock has a market cap of $239.77 billion, a P/E ratio of 19.07 and a beta of 0.47. AT&T also saw some unusual options trading activity on Thursday. Investors purchased 57,372 call options on the stock. This is an increase of 181% compared to the typical daily volume of 20,452 call options.
AT&T (NYSE:T) last announced its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The company had revenue of $39.84 billion for the quarter, compared to the consensus estimate of $39.84 billion. During the same period in the previous year, the business earned $0.72 EPS. The company’s revenue was down 1.6% on a year-over-year basis. On average, analysts forecast that AT&T Inc. will post $2.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 5.03%. The ex-dividend date is Thursday, July 6th. AT&T’s dividend payout ratio (DPR) is currently 92.45%.
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Several research firms have recently commented on T. Deutsche Bank AG reissued a “hold” rating and issued a $41.00 price target (down from $42.00) on shares of AT&T in a report on Saturday, April 29th. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank Of Canada set a $42.00 price target on AT&T and gave the company a “hold” rating in a report on Saturday, May 20th. Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $39.81 price target for the company in a report on Wednesday, June 21st. Finally, SunTrust Banks, Inc. began coverage on AT&T in a report on Tuesday, April 18th. They issued a “hold” rating and a $40.00 price target for the company. Twenty analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. AT&T presently has an average rating of “Hold” and a consensus target price of $43.40.
About AT&T
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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