1 week Ago By ABMN Staff
Great Lakes Advisors LLC lessened its stake in shares of AT&T Inc. ( NYSE:T – Free Report ) by 43.0% during the 2nd quarter, according to its most recent 13F filing with the SEC.
The firm owned 296,595 shares of the technology company’s stock after selling 223,772 shares during the period. Great Lakes Advisors LLC’s holdings in AT&T were worth $5,668,000 at the end of the most recent quarter. A number of other institutional investors also recently bought and sold shares of T.
Riggs Asset Managment Co. Inc. raised its holdings in shares of AT&T by 356.
5% in the second quarter. Riggs Asset Managment Co. Inc.
now owns 1,429 shares of the technology company’s stock worth $27,000 after buying an additional 1,116 shares during the period. Pineridge Advisors LLC bought a new position in AT&T in the 4th quarter valued at $25,000. Frank Rimerman Advisors LLC bought a new position in AT&T in the 4th quarter valued at $25,000.
American Capital Advisory LLC increased its stake in AT&T by 107.5% in the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock worth $30,000 after purchasing an additional 807 shares during the period.
Finally, First Pacific Financial lifted its position in shares of AT&T by 166.7% during the first quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock worth $28,000 after purchasing an additional 1,000 shares during the last quarter.
57.10% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades A number of equities research analysts recently weighed in on T shares.
Evercore ISI lifted their price objective on shares of AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, July 25th.
Daiwa America upgraded AT&T to a “hold” rating in a report on Friday, July 26th. Scotiabank downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Moffett Nathanson lifted their price objective on AT&T from $17.
00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Finally, Barclays upped their price objective on shares of AT&T from $20.
00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock.
Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $22.06.
AT&T Price Performance NYSE T opened at $20.97 on Monday. The firm’s fifty day simple moving average is $19.
31 and its two-hundred day simple moving average is $18.02. The firm has a market capitalization of $150.
36 billion, a P/E ratio of 11.27, a P/E/G ratio of 3.57 and a beta of 0.
59. The company has a current ratio of 0.70, a quick ratio of 0.
66 and a debt-to-equity ratio of 1.05. AT&T Inc.
has a 12-month low of $14.12 and a 12-month high of $21.00.
AT&T ( NYSE:T – Get Free Report ) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.
57. AT&T had a return on equity of 14.16% and a net margin of 10.
41%. The firm had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.
05 billion. During the same period in the previous year, the business earned $0.63 EPS.
The firm’s revenue for the quarter was down .3% on a year-over-year basis. Analysts forecast that AT&T Inc.
will post 2.2 EPS for the current fiscal year. AT&T Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st.
Stockholders of record on Wednesday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Wednesday, July 10th.
This represents a $1.11 annualized dividend and a dividend yield of 5.29%.
AT&T’s dividend payout ratio (DPR) is currently 59.68%. AT&T Profile ( Free Report ) AT&T Inc provides telecommunications and technology services worldwide.
The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores. Featured Articles Want to see what other hedge funds are holding T? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for AT&T Inc. ( NYSE:T – Free Report ). Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.
com's FREE daily email newsletter ..
