One Capital Management LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,820 shares of the technology company’s stock after acquiring an additional 5,823 shares during the period. One Capital Management LLC’s holdings in AT&T were worth $2,274,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of T. Endurance Wealth Management Inc. lifted its stake in AT&T by 7.5% in the 2nd quarter. Endurance Wealth Management Inc. now owns 22,644 shares of the technology company’s stock valued at $728,000 after purchasing an additional 1,572 shares during the last quarter. Wagner Bowman Management Corp lifted its stake in AT&T by 3.3% in the 2nd quarter. Wagner Bowman Management Corp now owns 49,723 shares of the technology company’s stock valued at $1,596,000 after purchasing an additional 1,573 shares during the last quarter. Tiedemann Advisors LLC lifted its stake in AT&T by 8.1% in the 1st quarter. Tiedemann Advisors LLC now owns 21,192 shares of the technology company’s stock valued at $754,000 after purchasing an additional 1,587 shares during the last quarter. Vivaldi Capital Management LLC lifted its stake in AT&T by 19.4% in the 1st quarter. Vivaldi Capital Management LLC now owns 9,984 shares of the technology company’s stock valued at $356,000 after purchasing an additional 1,619 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in AT&T by 11.0% in the 2nd quarter. Versant Capital Management Inc now owns 16,417 shares of the technology company’s stock valued at $527,000 after purchasing an additional 1,626 shares during the last quarter. 64.77% of the stock is owned by institutional investors.
T opened at $30.52 on Friday. AT&T Inc. has a twelve month low of $28.85 and a twelve month high of $39.33. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.91. The firm has a market cap of $187.36 billion, a PE ratio of 10.01, a PEG ratio of 2.44 and a beta of 0.42.
AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.04). AT&T had a return on equity of 13.61% and a net margin of 20.40%. The firm had revenue of $45.74 billion for the quarter, compared to analyst estimates of $45.73 billion. During the same quarter last year, the company earned $0.74 earnings per share. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, research analysts anticipate that AT&T Inc. will post 3.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Wednesday, October 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.55%. The ex-dividend date of this dividend was Tuesday, October 9th. AT&T’s dividend payout ratio (DPR) is presently 65.57%.
Several equities analysts recently commented on T shares. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Tuesday, July 17th. Macquarie reissued a “buy” rating and issued a $35.00 price objective on shares of AT&T in a research note on Wednesday, September 12th. Bank of America restated a “buy” rating on shares of AT&T in a research report on Tuesday, August 21st. UBS Group upgraded shares of AT&T from a “neutral” rating to a “buy” rating and upped their price target for the company from $33.00 to $38.00 in a research report on Friday, September 21st. They noted that the move was a valuation call. Finally, Tigress Financial upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Monday, October 22nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. AT&T presently has a consensus rating of “Hold” and an average target price of $37.95.
In other news, Director Michael B. Mccallister acquired 4,000 shares of the firm’s stock in a transaction dated Friday, October 26th. The stock was bought at an average cost of $29.14 per share, for a total transaction of $116,560.00. Following the completion of the transaction, the director now directly owns 7,361 shares in the company, valued at approximately $214,499.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Piazza Samuel A. Jr. Di acquired 7,690 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were purchased at an average price of $32.48 per share, with a total value of $249,771.20. Following the completion of the transaction, the director now owns 31,405 shares of the company’s stock, valued at $1,020,034.40. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.
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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