Lakeview Capital Partners LLC grew its stake in AT&T Inc. (NYSE:T) by 17.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,644 shares of the technology company’s stock after buying an additional 7,949 shares during the period. AT&T makes up approximately 1.7% of Lakeview Capital Partners LLC’s holdings, making the stock its 9th biggest position. Lakeview Capital Partners LLC’s holdings in AT&T were worth $2,062,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Israel Discount Bank of New York grew its stake in shares of AT&T by 0.6% in the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock valued at $154,000 after purchasing an additional 25 shares during the period. Greatmark Investment Partners Inc. grew its stake in shares of AT&T by 0.4% in the 2nd quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock valued at $490,000 after purchasing an additional 53 shares during the period. Cim LLC grew its stake in shares of AT&T by 1.0% in the 2nd quarter. Cim LLC now owns 6,399 shares of the technology company’s stock valued at $241,000 after purchasing an additional 62 shares during the period. Stratford Consulting LLC grew its stake in shares of AT&T by 0.9% in the 2nd quarter. Stratford Consulting LLC now owns 7,277 shares of the technology company’s stock valued at $275,000 after purchasing an additional 68 shares during the period. Finally, Moon Capital Management LLC grew its stake in shares of AT&T by 0.3% in the 2nd quarter. Moon Capital Management LLC now owns 21,834 shares of the technology company’s stock valued at $824,000 after purchasing an additional 75 shares during the period. 55.76% of the stock is owned by institutional investors and hedge funds.
In related news, Director Matthew K. Rose acquired 29,600 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was bought at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the acquisition, the director now directly owns 3,100 shares of the company’s stock, valued at $104,625. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by company insiders.
AT&T Inc. (NYSE:T) traded up $0.42 during mid-day trading on Friday, reaching $36.90. The company’s stock had a trading volume of 31,178,951 shares, compared to its average volume of 31,670,000. The company has a market cap of $226,530.00, a PE ratio of 17.74, a PEG ratio of 2.94 and a beta of 0.44. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. AT&T Inc. has a 52-week low of $32.55 and a 52-week high of $42.70.
AT&T (NYSE:T) last released its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). The firm had revenue of $39.67 billion for the quarter, compared to the consensus estimate of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. AT&T’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the company posted $0.74 EPS. equities analysts expect that AT&T Inc. will post 2.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a $0.50 dividend. This is a boost from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, January 9th. This represents a $2.00 annualized dividend and a dividend yield of 5.42%. AT&T’s dividend payout ratio (DPR) is presently 96.15%.
A number of equities research analysts recently commented on T shares. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $39.60 price target on the stock in a research report on Wednesday. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Friday. Oppenheimer reiterated a “hold” rating on shares of AT&T in a research report on Wednesday, October 25th. Canaccord Genuity reiterated a “buy” rating and issued a $51.00 price objective on shares of AT&T in a research report on Friday, November 10th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $43.00 price objective on shares of AT&T in a research report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.59.
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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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