NEXT Financial Group Inc trimmed its position in shares of AT&T (NYSE:T) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 139,654 shares of the technology company’s stock after selling 11,856 shares during the period. AT&T comprises about 2.3% of NEXT Financial Group Inc’s portfolio, making the stock its 4th biggest position. NEXT Financial Group Inc’s holdings in AT&T were worth $5,430,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Sfmg LLC increased its position in shares of AT&T by 58.5% in the third quarter. Sfmg LLC now owns 48,102 shares of the technology company’s stock valued at $1,884,000 after buying an additional 17,748 shares in the last quarter. Moors & Cabot Inc. increased its position in AT&T by 11.3% during the 2nd quarter. Moors & Cabot Inc. now owns 247,888 shares of the technology company’s stock worth $9,373,000 after purchasing an additional 25,167 shares in the last quarter. Barbara Oil Co. increased its position in AT&T by 50.0% during the 2nd quarter. Barbara Oil Co. now owns 15,000 shares of the technology company’s stock worth $566,000 after purchasing an additional 5,000 shares in the last quarter. Signature Financial Management Inc. increased its position in AT&T by 56.7% during the 2nd quarter. Signature Financial Management Inc. now owns 15,818 shares of the technology company’s stock worth $597,000 after purchasing an additional 5,721 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in AT&T in the 2nd quarter worth about $3,502,000. 55.94% of the stock is owned by institutional investors and hedge funds.
In other AT&T news, EVP John T. Stankey sold 2,307 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total value of $90,457.47. Following the completion of the sale, the executive vice president now owns 51,672 shares in the company, valued at approximately $2,026,059.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Donovan acquired 27,997 shares of AT&T stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $35.68 per share, with a total value of $998,932.96. Following the transaction, the chief executive officer now directly owns 179,834 shares in the company, valued at approximately $6,416,477.12. The disclosure for this purchase can be found here. 0.09% of the stock is owned by corporate insiders.
A number of analysts have issued reports on T shares. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Wells Fargo reduced their price objective on AT&T from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, March 23rd. KeyCorp boosted their price target on AT&T from $35.00 to $38.00 and gave the stock a “sector weight” rating in a research report on Tuesday, January 2nd. Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $39.38 price target on the stock in a research report on Wednesday, January 3rd. Finally, ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. AT&T presently has a consensus rating of “Hold” and an average price target of $41.56.
Shares of T stock opened at $35.63 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.89. AT&T has a fifty-two week low of $32.55 and a fifty-two week high of $40.86. The stock has a market capitalization of $220,267.33, a price-to-earnings ratio of 11.68, a PEG ratio of 2.47 and a beta of 0.39.
AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.13. The company had revenue of $41.68 billion during the quarter, compared to the consensus estimate of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 EPS. equities research analysts expect that AT&T will post 3.47 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, April 9th. This represents a $2.00 annualized dividend and a yield of 5.61%. AT&T’s payout ratio is 65.57%.
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AT&T Company Profile
AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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