Everence Capital Management Inc. grew its holdings in AT&T Inc. (NYSE:T) by 4.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 123,823 shares of the technology company’s stock after buying an additional 4,770 shares during the period. AT&T accounts for approximately 1.1% of Everence Capital Management Inc.’s portfolio, making the stock its 11th largest position. Everence Capital Management Inc.’s holdings in AT&T were worth $4,850,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Telos Capital Management Inc. grew its position in shares of AT&T by 4.8% in the second quarter. Telos Capital Management Inc. now owns 69,994 shares of the technology company’s stock valued at $2,641,000 after purchasing an additional 3,197 shares during the last quarter. Welch Investments LLC grew its position in shares of AT&T by 9.3% in the second quarter. Welch Investments LLC now owns 109,245 shares of the technology company’s stock valued at $4,122,000 after purchasing an additional 9,291 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of AT&T by 11.3% in the 2nd quarter. Moors & Cabot Inc. now owns 247,888 shares of the technology company’s stock worth $9,373,000 after buying an additional 25,167 shares during the last quarter. Wedbush Securities Inc. lifted its position in AT&T by 9.7% in the 2nd quarter. Wedbush Securities Inc. now owns 176,333 shares of the technology company’s stock valued at $6,653,000 after purchasing an additional 15,562 shares during the last quarter. Finally, Ingalls & Snyder LLC lifted its position in AT&T by 2.3% in the 2nd quarter. Ingalls & Snyder LLC now owns 460,224 shares of the technology company’s stock valued at $17,364,000 after purchasing an additional 10,305 shares during the last quarter. 55.75% of the stock is owned by institutional investors and hedge funds.
AT&T Inc. (NYSE T) traded up $1.71 during midday trading on Thursday, reaching $39.16. The company had a trading volume of 59,427,489 shares, compared to its average volume of 28,140,000. The company has a market cap of $240,400.00, a PE ratio of 18.83, a price-to-earnings-growth ratio of 2.96 and a beta of 0.44. AT&T Inc. has a twelve month low of $32.55 and a twelve month 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.
AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.65 by $0.13. AT&T had a return on equity of 14.49% and a net margin of 8.00%. 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 firm posted $0.66 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. analysts anticipate that AT&T Inc. will post 2.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.11%. This is an increase from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio (DPR) is currently 96.15%.
Several research analysts have recently weighed in on the stock. SunTrust Banks lifted their target price on shares of AT&T from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday. Scotiabank set a $40.00 target price on shares of AT&T and gave the company a “hold” rating in a research note on Tuesday. Moffett Nathanson reiterated a “neutral” rating on shares of AT&T in a research note on Monday, October 16th. ValuEngine cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.60 price objective for the company in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.52.
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AT&T Company Profile
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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