Alpha Omega Wealth Management LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 6.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,912 shares of the technology company’s stock after buying an additional 6,443 shares during the period. AT&T makes up approximately 2.1% of Alpha Omega Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. Alpha Omega Wealth Management LLC’s holdings in AT&T were worth $4,266,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. New Capital Management LP increased its stake 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 in the last quarter. Macroview Investment Management LLC increased its stake 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 in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in AT&T during the 2nd quarter valued at about $134,000. CKW Financial Group grew its stake in AT&T by 83.9% during the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock valued at $144,000 after acquiring an additional 1,724 shares in the last quarter. Finally, Israel Discount Bank of New York grew its stake in AT&T by 0.6% during 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 acquiring an additional 25 shares in the last quarter. Institutional investors own 55.39% of the company’s stock.
Several analysts recently issued reports on T shares. Robert W. Baird dropped their price objective on shares of AT&T from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, October 25th. Oppenheimer reiterated a “hold” rating on shares of AT&T in a report on Wednesday, October 25th. Deutsche Bank decreased their target price on shares of AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a report on Wednesday, October 25th. Zacks Investment Research lowered shares of AT&T from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $36.00 target price on shares of AT&T in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $41.92.
Shares of AT&T Inc. (NYSE T) traded down $0.19 during trading hours on Wednesday, hitting $36.41. 24,830,000 shares of the company’s stock were exchanged, compared to its average volume of 34,310,000. AT&T Inc. has a 52 week low of $32.55 and a 52 week high of $42.70. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.60 and a current ratio of 0.97. The stock has a market cap of $223,520.00, a P/E ratio of 22.48, a PEG ratio of 2.51 and a beta of 0.37.
AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.13. The company had revenue of $41.68 billion for the quarter, compared to the consensus estimate of $41.21 billion. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 EPS. research analysts expect that AT&T Inc. will post 3.48 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.49%. This is an increase from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, January 9th. AT&T’s dividend payout ratio (DPR) is 123.46%.
In other AT&T news, CEO John Donovan purchased 27,997 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $35.68 per share, for a total transaction of $998,932.96. Following the purchase, the chief executive officer now directly owns 179,834 shares in the company, valued at $6,416,477.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John T. Stankey sold 2,307 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the sale, the executive vice president now owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
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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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