Aperio Group LLC increased its stake in AT&T Inc. (NYSE:T) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,406,689 shares of the technology company’s stock after buying an additional 11,333 shares during the period. AT&T accounts for about 0.8% of Aperio Group LLC’s portfolio, making the stock its 13th largest position. Aperio Group LLC owned 0.06% of AT&T worth $133,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. New Capital Management LP boosted its holdings in shares of AT&T by 130.9% in the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after buying an additional 1,500 shares in the last quarter. Almanack Investment Partners LLC. acquired a new stake in AT&T in the 1st quarter worth approximately $109,000. Sterling Investment Advisors Ltd. boosted its stake in AT&T by 289.1% in the 1st 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 in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in AT&T in the 2nd quarter worth approximately $134,000. Finally, CKW Financial Group boosted its stake in 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 purchasing an additional 1,724 shares in the last quarter. 55.76% of the stock is currently owned by institutional investors.
Shares of AT&T Inc. (T) opened at $36.90 on Friday. AT&T Inc. has a 52 week low of $32.55 and a 52 week high of $42.70. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $226,530.00, a P/E ratio of 17.74, a PEG ratio of 2.94 and a beta of 0.44.
AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). The business had revenue of $39.67 billion during the quarter, compared to analysts’ expectations of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. research analysts forecast that AT&T Inc. will post 2.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a $0.50 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.42%. This is a boost from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio (DPR) is currently 96.15%.
In related news, Director Matthew K. Rose acquired 29,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average price of $33.75 per share, with a total value of $999,000.00. Following the completion of the purchase, the director now directly owns 3,100 shares in the company, valued at $104,625. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.09% of the company’s stock.
A number of equities analysts have issued reports on T shares. SunTrust Banks reissued a “hold” rating and set a $36.00 price target on shares of AT&T in a research report on Friday, October 27th. Nomura cut their target price on shares of AT&T to $42.00 and set a “buy” rating for the company in a report on Tuesday, November 21st. Standpoint Research initiated coverage on shares of AT&T in a research note on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price target on the stock. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 price target on the stock in a research note on Monday, October 16th. Finally, Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have assigned 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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