Koshinski Asset Management Inc. raised its holdings in shares of AT&T (NYSE:T) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,543 shares of the technology company’s stock after purchasing an additional 10,092 shares during the quarter. AT&T accounts for approximately 0.7% of Koshinski Asset Management Inc.’s portfolio, making the stock its 16th largest position. Koshinski Asset Management Inc.’s holdings in AT&T were worth $2,976,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. New Capital Management LP grew its stake 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 worth $104,000 after acquiring an additional 1,500 shares in the last quarter. Financial Engines Advisors L.L.C. bought a new stake in shares of AT&T in the 3rd quarter worth $104,000. Macroview Investment Management LLC grew its stake in shares of AT&T by 144.3% in the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after acquiring an additional 1,595 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of AT&T in the 2nd quarter worth $134,000. Finally, Israel Discount Bank of New York grew its stake in shares of AT&T by 0.6% in the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock worth $154,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 55.94% of the company’s stock.
Shares of AT&T stock traded down $0.51 on Friday, reaching $35.63. The stock had a trading volume of 25,117,409 shares, compared to its average volume of 23,540,180. AT&T has a 1 year low of $32.55 and a 1 year high of $40.86. The company has a market cap of $218,732.58, a price-to-earnings ratio of 11.68, a PEG ratio of 2.45 and a beta of 0.39. 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 (NYSE:T) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The firm had revenue of $41.68 billion for the quarter, compared to the consensus estimate of $41.21 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. sell-side analysts predict that AT&T will post 3.47 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date is Monday, April 9th. AT&T’s payout ratio is 65.57%.
A number of brokerages recently weighed in on T. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Friday, January 12th. Wells Fargo cut their price target on shares of AT&T from $48.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, March 23rd. KeyCorp boosted their price target on shares of AT&T from $35.00 to $38.00 and gave the stock a “sector weight” rating in a report on Tuesday, January 2nd. Vetr raised shares of AT&T from a “hold” rating to a “buy” rating and set a $39.38 price target on the stock in a report on Wednesday, January 3rd. Finally, Guggenheim began coverage on shares of AT&T in a report on Tuesday, March 13th. They issued a “buy” rating and a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $41.43.
In related news, CEO John Donovan acquired 27,997 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $35.68 per share, for a total transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard W. Fisher acquired 2,600 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average price of $38.10 per share, for a total transaction of $99,060.00. Following the completion of the transaction, the director now owns 2,600 shares of the company’s stock, valued at approximately $99,060. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.
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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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