Jarislowsky Fraser Ltd maintained its stake in shares of AT&T Inc. (NYSE:T) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,424 shares of the technology company’s stock at the end of the second quarter. Jarislowsky Fraser Ltd’s holdings in AT&T were worth $1,374,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of T. Ullmann Financial Group Inc. bought a new position in AT&T during the first quarter worth approximately $101,000. Feltz Wealth PLAN Inc. acquired a new stake in shares of AT&T during the first quarter worth about $104,000. Taylor Wealth Management Partners boosted its stake in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after buying an additional 11 shares during the period. Almanack Investment Partners LLC. acquired a new stake in shares of AT&T during the first quarter worth about $109,000. Finally, Sterling Investment Advisors Ltd. boosted its stake in shares of AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after buying an additional 2,024 shares during the period. 55.28% of the stock is owned by institutional investors.
AT&T Inc. (NYSE T) traded down 0.24% during midday trading on Friday, reaching $38.10. The company’s stock had a trading volume of 13,278,982 shares. The stock has a market cap of $233.93 billion, a P/E ratio of 17.90 and a beta of 0.47. The stock’s 50 day moving average is $37.57 and its 200 day moving average is $39.64. AT&T Inc. has a 12-month low of $35.81 and a 12-month high of $43.32.
AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. AT&T’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts anticipate that AT&T Inc. will post $2.95 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 5.14%. The ex-dividend date was Thursday, July 6th. AT&T’s payout ratio is currently 92.45%.
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A number of equities research analysts have recently issued reports on T shares. Vetr raised shares of AT&T from a “hold” rating to a “buy” rating and set a $39.93 price objective for the company in a research note on Wednesday, May 24th. Barclays PLC lowered their price target on shares of AT&T from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, July 14th. Royal Bank Of Canada restated a “hold” rating and issued a $42.00 price objective on shares of AT&T in a report on Sunday, July 9th. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price objective on shares of AT&T in a report on Wednesday, April 19th. Finally, ValuEngine cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $43.50.
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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