Roffman Miller Associates Inc. PA grew its stake in shares of AT&T Inc. (NYSE:T) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 213,903 shares of the technology company’s stock after buying an additional 10,837 shares during the period. Roffman Miller Associates Inc. PA owned 3,484.33% of AT&T worth $8,379,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of AT&T during the second quarter worth $314,000. New Capital Management LP boosted its holdings in shares of AT&T by 130.9% during the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after purchasing an additional 1,500 shares during the last quarter. Macroview Investment Management LLC boosted its holdings in shares of AT&T by 144.3% during the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after purchasing an additional 1,595 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of AT&T during the second quarter worth $134,000. Finally, CKW Financial Group boosted its holdings in shares of AT&T by 83.9% during 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. 55.39% of the stock is owned by institutional investors.
In other AT&T news, CEO John Donovan bought 27,997 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $35.68 per share, with a total value of $998,932.96. Following the completion of the transaction, the chief executive officer now owns 179,834 shares in the company, valued at $6,416,477.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John T. Stankey sold 2,307 shares of AT&T stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.21, for a total value of $90,457.47. Following the sale, the executive vice president now directly owns 51,672 shares in the company, valued at $2,026,059.12. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
Several equities research analysts have recently issued reports on T shares. Jefferies Group restated a “buy” rating and set a $36.38 price objective (down previously from $48.00) on shares of AT&T in a report on Friday, December 1st. Zacks Investment Research cut AT&T from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. ValuEngine cut AT&T from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 target price on the stock in a report on Monday, October 16th. Finally, Deutsche Bank reduced their target price on AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $41.94.
AT&T Inc. (T) opened at $36.37 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 1.60. AT&T Inc. has a 52-week low of $32.55 and a 52-week high of $42.70. The company has a market capitalization of $223,280.00, a PE ratio of 7.58, a price-to-earnings-growth ratio of 2.49 and a beta of 0.37.
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 14.55% and a net margin of 18.34%. The company had revenue of $41.68 billion for the quarter, compared to analyst estimates of $41.21 billion. During the same period last year, the company posted $0.66 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. equities research analysts anticipate that AT&T Inc. will post 3.48 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were given a $0.50 dividend. The ex-dividend date was Tuesday, January 9th. This is a positive change from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 5.50%. AT&T’s dividend payout ratio (DPR) is 41.67%.
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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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