DekaBank Deutsche Girozentrale increased its position in shares of AT&T Inc. (NYSE:T) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,872,565 shares of the technology company’s stock after buying an additional 167,676 shares during the quarter. AT&T comprises about 1.2% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 12th biggest position. DekaBank Deutsche Girozentrale owned approximately 0.06% of AT&T worth $146,441,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Ullmann Financial Group Inc. acquired a new position in AT&T during the 1st quarter worth approximately $101,000. Almanack Investment Partners LLC. purchased a new stake in shares of AT&T in the first quarter worth approximately $109,000. Sterling Investment Advisors Ltd. raised 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 purchasing an additional 2,024 shares during the last quarter. CKW Financial Group raised its stake in shares of AT&T by 83.9% in the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after purchasing an additional 1,724 shares during the last quarter. Finally, Sharkey Howes & Javer raised its stake in shares of AT&T by 9.0% in the second quarter. Sharkey Howes & Javer now owns 5,166 shares of the technology company’s stock worth $195,000 after purchasing an additional 428 shares during the last quarter. 55.04% of the stock is currently owned by institutional investors and hedge funds.
In other AT&T news, Director Matthew K. Rose acquired 29,600 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were bought at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the transaction, the director now owns 3,100 shares of the company’s stock, valued at approximately $104,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.09% of the company’s stock.
T has been the subject of several analyst reports. Zacks Investment Research downgraded AT&T from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price objective for the company. in a research note on Tuesday, September 26th. Deutsche Bank AG lowered their price objective on AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a research note on Wednesday, October 25th. Moffett Nathanson reissued a “neutral” rating on shares of AT&T in a research note on Monday, October 16th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $36.00 price objective on shares of AT&T in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $43.48.
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AT&T Inc. (NYSE:T) opened at $34.22 on Friday. AT&T Inc. has a twelve month low of $32.55 and a twelve month high of $43.03. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.12. The company has a market capitalization of $208,726.00, a price-to-earnings ratio of 11.60, a PEG ratio of 2.74 and a beta of 0.42.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The company had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. During the same period in the previous year, the business earned $0.74 earnings per share. AT&T’s revenue was down 3.0% on a year-over-year basis. research analysts anticipate that AT&T Inc. will post 2.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a $0.49 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.73%. AT&T’s dividend payout ratio (DPR) is presently 94.69%.
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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