Klingenstein Fields & Co. LLC Has $8.45 Million Holdings in AT&T (T)

Klingenstein Fields & Co. LLC grew its position in shares of AT&T (NYSE:T) by 38.8% in the 4th quarter, Holdings Channel reports. The firm owned 217,356 shares of the technology company’s stock after acquiring an additional 60,704 shares during the quarter. Klingenstein Fields & Co. LLC’s holdings in AT&T were worth $8,451,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in T. New Capital Management LP increased 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 valued at $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 valued at $104,000. Macroview Investment Management LLC increased 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 valued at $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 valued at $134,000. Finally, Israel Discount Bank of New York increased 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 valued at $154,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 55.94% of the company’s stock.

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T opened at $35.63 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.89. The firm 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. AT&T has a 1 year low of $32.55 and a 1 year high of $40.86.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.13. The firm 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 business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. analysts expect that AT&T will post 3.47 EPS for the current fiscal year.

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

Several analysts recently issued reports on T shares. Vetr raised shares of AT&T from a “hold” rating to a “buy” rating and set a $39.60 price target for the company in a research report on Wednesday, January 10th. Argus reissued a “buy” rating and issued a $36.83 price target (down previously from $48.00) on shares of AT&T in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Monday, March 5th. Guggenheim started coverage on shares of AT&T in a research report on Tuesday, March 13th. They issued a “buy” rating and a $42.00 price target for the company. Finally, HSBC raised shares of AT&T from a “hold” rating to a “buy” rating and lifted their price target for the company from $34.90 to $41.00 in a research report on Wednesday, March 28th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. AT&T has a consensus rating of “Hold” and a consensus target price of $41.43.

In related news, CEO John Donovan purchased 27,997 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $35.68 per share, with a total value of $998,932.96. Following the acquisition, the chief executive officer now owns 179,834 shares of the company’s stock, valued at $6,416,477.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John T. Stankey sold 2,307 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the completion of the transaction, 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. 0.09% of the stock is owned by insiders.

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About AT&T

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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