Biondo Investment Advisors LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,724 shares of the technology company’s stock after purchasing an additional 2,355 shares during the quarter. Biondo Investment Advisors LLC’s holdings in AT&T were worth $3,436,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. New Capital Management LP boosted its position in AT&T by 130.9% during the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after acquiring an additional 1,500 shares during the period. Financial Engines Advisors L.L.C. bought a new stake in shares of AT&T in the 3rd quarter worth $104,000. Macroview Investment Management LLC raised its stake in shares of AT&T by 144.3% in the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after buying an additional 1,595 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of AT&T in the 2nd quarter worth $134,000. Finally, CKW Financial Group raised its stake in shares of AT&T by 83.9% in the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after buying an additional 1,724 shares in the last quarter. Institutional investors own 55.49% of the company’s stock.
In related news, Director Richard W. Fisher bought 2,600 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was acquired at an average cost of $38.10 per share, with a total value of $99,060.00. Following the acquisition, the director now owns 2,600 shares in the company, valued at approximately $99,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John T. Stankey sold 2,307 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total value of $90,457.47. Following the completion of the transaction, the executive vice president now directly owns 51,672 shares of the company’s stock, valued at $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.
AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.13. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The company had revenue of $41.68 billion during the quarter, compared to the consensus estimate of $41.21 billion. During the same quarter in the prior year, the company posted $0.66 EPS. The firm’s revenue was down .4% on a year-over-year basis. research analysts predict that AT&T Inc. will post 3.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend was Tuesday, January 9th. This is a boost from AT&T’s previous quarterly dividend of $0.49. AT&T’s payout ratio is currently 41.67%.
A number of analysts have recently commented on T shares. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 price objective on the stock in a research note on Monday, October 16th. Moffett Nathanson reaffirmed a “neutral” rating on shares of AT&T in a research report on Monday, October 16th. Robert W. Baird cut their target price on AT&T from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 25th. Oppenheimer reaffirmed a “hold” rating on shares of AT&T in a research report on Wednesday, October 25th. Finally, Deutsche Bank cut their target price on AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $41.94.
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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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