Adviser Investments LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 68.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,589 shares of the technology company’s stock after buying an additional 6,341 shares during the period. Adviser Investments LLC’s holdings in AT&T were worth $648,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Guggenheim Capital LLC boosted its position in shares of AT&T by 5.1% in the fourth quarter. Guggenheim Capital LLC now owns 2,689,906 shares of the technology company’s stock valued at $114,401,000 after buying an additional 131,629 shares during the last quarter. RMB Capital Management LLC raised its stake in AT&T by 210.3% in the fourth quarter. RMB Capital Management LLC now owns 36,135 shares of the technology company’s stock valued at $1,537,000 after buying an additional 24,491 shares during the period. Cpcm LLC purchased a new stake in AT&T during the fourth quarter valued at about $1,786,000. Zurich Insurance Group Ltd FI raised its stake in AT&T by 20.0% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 870,749 shares of the technology company’s stock valued at $37,033,000 after buying an additional 145,427 shares during the period. Finally, Amtrust Financial Services Inc. purchased a new stake in AT&T during the fourth quarter valued at about $1,236,000. Institutional investors own 55.29% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) opened at 39.00 on Monday. AT&T Inc. has a 52 week low of $35.81 and a 52 week high of $43.50. The company has a 50-day moving average price of $37.64 and a 200-day moving average price of $39.82. The company has a market capitalization of $239.46 billion, a PE ratio of 18.40 and a beta of 0.47.
AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The firm had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. Analysts predict that AT&T Inc. will post $2.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Thursday, July 6th. AT&T’s payout ratio is 92.45%.
T has been the topic of several research analyst reports. Argus reissued a “buy” rating and issued a $51.00 price objective on shares of AT&T in a research report on Monday, April 10th. Royal Bank Of Canada set a $42.00 price target on shares of AT&T and gave the stock a “hold” rating in a research report on Saturday, May 20th. Vetr lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $38.92 price target on the stock. in a research report on Monday, May 22nd. Moffett Nathanson raised shares of AT&T from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, Cowen and Company reiterated a “market perform” rating and set a $41.00 price objective (down from $43.00) on shares of AT&T in a research note on Wednesday, July 26th. Twenty equities research 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.
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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