Nichols & Pratt Advisers LLP MA cut its position in shares of AT&T Inc. (NYSE:T) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,879 shares of the company’s stock after selling 2,400 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in AT&T were worth $4,750,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Aviva PLC raised its position in AT&T by 5.5% in the first quarter. Aviva PLC now owns 4,540,243 shares of the company’s stock worth $177,841,000 after buying an additional 237,012 shares during the period. Community Trust & Investment Co. raised its position in shares of AT&T by 1.8% in the second quarter. Community Trust & Investment Co. now owns 516,263 shares of the company’s stock valued at $22,307,000 after buying an additional 9,126 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of AT&T by 6.2% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 811,263 shares of the company’s stock valued at $35,055,000 after buying an additional 47,100 shares during the period. Logan Capital Management Inc. raised its position in shares of AT&T by 0.3% in the first quarter. Logan Capital Management Inc. now owns 736,564 shares of the company’s stock valued at $28,851,000 after buying an additional 2,079 shares during the period. Finally, Credit Agricole S A raised its position in shares of AT&T by 12.6% in the first quarter. Credit Agricole S A now owns 5,299,940 shares of the company’s stock valued at $207,598,000 after buying an additional 593,693 shares during the period. Institutional investors and hedge funds own 53.64% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded down 0.29% on Friday, reaching $40.61. 19,381,624 shares of the company were exchanged. AT&T Inc. has a 52 week low of $32.22 and a 52 week high of $43.89. The stock has a market capitalization of $249.83 billion, a price-to-earnings ratio of 17.51 and a beta of 0.28. The firm’s 50 day moving average price is $40.97 and its 200 day moving average price is $40.48.
AT&T (NYSE:T) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The company earned $40.50 billion during the quarter, compared to analyst estimates of $40.75 billion. Equities research analysts anticipate that AT&T Inc. will post $2.86 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.73%. AT&T’s dividend payout ratio is currently 83.12%.
Several research analysts recently issued reports on T shares. Vetr lowered shares of AT&T from a “hold” rating to a “sell” rating and set a $38.71 target price for the company. in a research report on Tuesday, June 21st. Citigroup Inc. lowered shares of AT&T from a “buy” rating to a “neutral” rating and upped their target price for the stock from $42.00 to $46.00 in a research report on Thursday, July 7th. They noted that the move was a valuation call. Jefferies Group reiterated a “buy” rating on shares of AT&T in a research report on Sunday, June 5th. Wells Fargo & Co. reiterated a “buy” rating on shares of AT&T in a research report on Friday, July 22nd. Finally, Barclays PLC upped their target price on shares of AT&T from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, July 15th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company. AT&T presently has a consensus rating of “Hold” and an average price target of $41.43.
In other news, CEO John T. Stankey sold 2,131 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the sale, the chief executive officer now owns 13,583 shares in the company, valued at approximately $589,230.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.07% of the stock is currently owned by insiders.
AT&T Company Profile
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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