Strategy Asset Managers LLC Has $2.45 Million Holdings in AT&T (T)

Strategy Asset Managers LLC lowered its stake in AT&T (NYSE:T) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,919 shares of the technology company’s stock after selling 1,679 shares during the period. Strategy Asset Managers LLC’s holdings in AT&T were worth $2,446,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in T. New Capital Management LP lifted its position in shares of AT&T by 130.9% during the 3rd 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. Financial Engines Advisors L.L.C. acquired a new position in shares of AT&T during the 3rd quarter worth about $104,000. Macroview Investment Management LLC lifted its position in shares of AT&T by 144.3% during the 3rd 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 position in shares of AT&T during the 2nd quarter worth about $134,000. Finally, Israel Discount Bank of New York lifted its position in shares of 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 worth $154,000 after purchasing an additional 25 shares during the last quarter. 55.94% of the stock is owned by institutional investors.

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T has been the subject of several recent research reports. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $40.01 price target for the company. in a report on Tuesday, February 13th. Bank of America upped their price target on AT&T from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. KeyCorp upped their price target on AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a report on Tuesday, January 2nd. Guggenheim initiated coverage on AT&T in a report on Tuesday, March 13th. They issued a “buy” rating and a $42.00 price target for the company. Finally, Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. AT&T presently has an average rating of “Hold” and an average price target of $41.56.

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 shares were acquired at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the transaction, the chief executive officer now directly owns 179,834 shares in the company, valued at $6,416,477.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John T. Stankey sold 2,307 shares of the 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 sale, the executive vice president now owns 51,672 shares in the company, valued at $2,026,059.12. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

T stock opened at $35.63 on Friday. AT&T has a 1-year low of $32.55 and a 1-year high of $40.86. The company has a market capitalization of $221,863.45, a PE ratio of 11.68, a P/E/G ratio of 2.49 and a beta of 0.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.97 and a current ratio of 0.97.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share 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 in the prior year, the company posted $0.66 EPS. The company’s revenue was down .4% compared to the same quarter last year. analysts forecast that AT&T will post 3.47 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th will be paid a $0.50 dividend. The ex-dividend date is Monday, April 9th. This represents a $2.00 annualized dividend and a dividend yield of 5.61%. AT&T’s dividend payout ratio is currently 65.57%.

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AT&T 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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Institutional Ownership by Quarter for AT&T (NYSE:T)

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