Hendershot Investments Inc. held its stake in AT&T Inc. (NYSE:T) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,683 shares of the technology company’s stock at the end of the second quarter. Hendershot Investments Inc.’s holdings in AT&T were worth $214,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Guggenheim Capital LLC raised its position in 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 boosted 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 acquired a new stake in AT&T during the fourth quarter valued at $1,786,000. Zurich Insurance Group Ltd FI boosted 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, Shell Asset Management Co. boosted its stake in AT&T by 0.4% in the first quarter. Shell Asset Management Co. now owns 1,245,965 shares of the technology company’s stock valued at $51,770,000 after buying an additional 5,354 shares during the period. Hedge funds and other institutional investors own 55.28% of the company’s stock.
AT&T Inc. (T) traded down 0.44% on Thursday, hitting $38.19. The stock had a trading volume of 21,305,391 shares. The firm’s 50 day moving average price is $37.57 and its 200-day moving average price is $39.68. AT&T Inc. has a 12 month low of $35.81 and a 12 month high of $43.48. The stock has a market cap of $234.49 billion, a PE ratio of 17.95 and a beta of 0.47.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion for the quarter, compared to the consensus estimate of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. AT&T’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. On average, analysts forecast that AT&T Inc. will post $2.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date was Thursday, July 6th. AT&T’s dividend payout ratio is presently 92.45%.
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T has been the subject of a number of research analyst reports. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $39.97 target price for the company in a research note on Wednesday, May 17th. Macquarie reiterated a “buy” rating and set a $45.00 price objective (down previously from $46.00) on shares of AT&T in a research note on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 price objective on shares of AT&T in a research note on Wednesday, April 19th. Barclays PLC lowered their price objective on AT&T from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, July 14th. Finally, Royal Bank Of Canada set a $42.00 price objective on AT&T and gave the company a “hold” rating in a research note on Saturday, May 20th. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus 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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