Private Trust Co. NA raised its position in AT&T Inc. (NYSE:T) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 125,583 shares of the company’s stock after buying an additional 1,001 shares during the period. AT&T accounts for about 1.4% of Private Trust Co. NA’s investment portfolio, making the stock its 12th largest position. Private Trust Co. NA’s holdings in AT&T were worth $5,426,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in the company. Aviva PLC boosted its position in shares of 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 in the last quarter. Community Trust & Investment Co. boosted 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 worth $22,307,000 after buying an additional 9,126 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted 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 worth $35,055,000 after buying an additional 47,100 shares in the last quarter. Logan Capital Management Inc. boosted 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 worth $28,851,000 after buying an additional 2,079 shares in the last quarter. Finally, Credit Agricole S A boosted 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 worth $207,598,000 after buying an additional 593,693 shares in the last quarter. 53.64% of the stock is owned by hedge funds and other institutional investors.
Shares of AT&T Inc. (NYSE:T) traded down 0.29% during mid-day trading on Friday, hitting $40.61. 19,381,624 shares of the stock were exchanged. The stock has a market capitalization of $249.83 billion, a price-to-earnings ratio of 17.51 and a beta of 0.28. AT&T Inc. has a 52 week low of $32.22 and a 52 week high of $43.89. The stock’s 50-day moving average is $40.97 and its 200-day moving average is $40.48.
AT&T (NYSE:T) last posted its earnings results on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. The firm earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. AT&T had a net margin of 8.76% and a return on equity of 13.93%. Analysts forecast that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be paid 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 payout ratio is 83.12%.
T has been the topic of a number of recent analyst reports. Jefferies Group reissued a “buy” rating and set a $48.00 price target on shares of AT&T in a research report on Thursday, September 15th. Barclays PLC reissued a “buy” rating and set a $45.00 price target on shares of AT&T in a research report on Monday, September 26th. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Tuesday, July 5th. Finally, Vetr cut shares of AT&T from a “buy” rating to a “hold” rating and set a $41.37 price objective on the stock. in a research report on Tuesday, June 7th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $41.43.
In other news, CEO John T. Stankey sold 2,131 shares of AT&T 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 transaction, the chief executive officer now owns 13,583 shares in the company, valued at $589,230.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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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