Loudon Investment Management LLC lowered its position in shares of AT&T Inc. (NYSE:T) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,296 shares of the company’s stock after selling 2,550 shares during the period. AT&T accounts for about 3.6% of Loudon Investment Management LLC’s portfolio, making the stock its 6th largest position. Loudon Investment Management LLC’s holdings in AT&T were worth $4,550,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC raised its stake in shares of AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock valued at $101,000 after buying an additional 1,489 shares in the last quarter. Taylor Wealth Management Partners raised its stake in shares of AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock valued at $110,000 after buying an additional 700 shares in the last quarter. WealthTrust Arizona LLC raised its stake in shares of AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock valued at $113,000 after buying an additional 300 shares in the last quarter. Invictus RG raised its stake in shares of AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock valued at $138,000 after buying an additional 2,560 shares in the last quarter. Finally, JNBA Financial Advisors raised its stake in shares of AT&T by 6.6% in the second quarter. JNBA Financial Advisors now owns 3,852 shares of the company’s stock valued at $166,000 after buying an additional 238 shares in the last quarter. 53.64% of the stock is currently owned by institutional investors.
AT&T Inc. (NYSE:T) traded down 2.195% during mid-day trading on Tuesday, hitting $39.875. 15,221,343 shares of the stock 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 50 day moving average of $40.90 and a 200-day moving average of $40.52. The stock has a market cap of $245.31 billion, a price-to-earnings ratio of 17.195 and a beta of 0.30.
AT&T (NYSE:T) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The company earned $40.50 billion during the quarter, compared to analyst estimates of $40.75 billion. AT&T had a net margin of 8.76% and a return on equity of 13.93%. Equities analysts predict that AT&T Inc. will post $2.86 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s payout ratio is 83.12%.
Several analysts have 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 price target on the stock. in a research report on Tuesday, June 21st. Citigroup Inc. cut shares of AT&T from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $42.00 to $46.00 in a research note on Thursday, July 7th. They noted that the move was a valuation call. Jefferies Group reaffirmed a “buy” rating and set a $44.00 price objective on shares of AT&T in a research note on Thursday, July 21st. Wells Fargo & Co. reaffirmed a “buy” rating on shares of AT&T in a research note on Friday, July 22nd. Finally, Barclays PLC boosted their price objective on shares of AT&T from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, July 15th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.62.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of AT&T stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total transaction of $92,442.78. Following the completion of the transaction, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.07% of the company’s stock.
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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