Wills Financial Group Inc. raised its position in AT&T Inc. (NYSE:T) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 106,231 shares of the company’s stock after buying an additional 201 shares during the period. AT&T makes up about 3.8% of Wills Financial Group Inc.’s holdings, making the stock its 6th largest position. Wills Financial Group Inc.’s holdings in AT&T were worth $4,590,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of T. Cornerstone Investment Partners LLC boosted its position in shares of AT&T by 0.6% in the second quarter. Cornerstone Investment Partners LLC now owns 9,554 shares of the company’s stock worth $413,000 after buying an additional 54 shares during the last quarter. Cohen Lawrence B boosted its position in shares of AT&T by 0.4% in the second quarter. Cohen Lawrence B now owns 13,585 shares of the company’s stock worth $587,000 after buying an additional 60 shares during the last quarter. Nadler Financial Group Inc. boosted its position in shares of AT&T by 0.4% in the second quarter. Nadler Financial Group Inc. now owns 14,085 shares of the company’s stock worth $609,000 after buying an additional 62 shares during the last quarter. Smith & Howard Wealth Management LLC boosted its position in shares of AT&T by 0.8% in the first quarter. Smith & Howard Wealth Management LLC now owns 8,220 shares of the company’s stock worth $322,000 after buying an additional 66 shares during the last quarter. Finally, Badgley Phelps & Bell Inc. boosted its position in shares of AT&T by 0.4% in the first quarter. Badgley Phelps & Bell Inc. now owns 17,269 shares of the company’s stock worth $676,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 53.64% of the company’s stock.
AT&T Inc. (NYSE:T) traded down 0.64% during midday trading on Friday, hitting $38.86. The stock had a trading volume of 8,697,152 shares. AT&T Inc. has a 1-year low of $32.22 and a 1-year high of $43.89. The stock has a market capitalization of $239.07 billion, a PE ratio of 16.76 and a beta of 0.30. The stock’s 50-day moving average is $40.65 and its 200-day moving average is $40.51.
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 Zacks’ consensus estimate of $0.72. The company had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. On average, equities research analysts anticipate that AT&T Inc. will post $2.86 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s dividend payout ratio (DPR) is presently 83.12%.
A number of research analysts have issued reports on T shares. Robert W. Baird reissued a “neutral” rating and set a $41.00 price objective on shares of AT&T in a report on Tuesday, June 28th. Citigroup Inc. cut AT&T from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $42.00 to $46.00 in a report on Thursday, July 7th. They noted that the move was a valuation call. Zacks Investment Research cut AT&T from a “buy” rating to a “hold” rating in a report on Monday, July 25th. FBR & Co lifted their price objective on AT&T from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Friday, July 22nd. Finally, Buckingham Research cut AT&T from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $30.97 to $39.56 in a report on Friday, June 24th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $41.57.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total value of $92,442.78. Following the transaction, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at $589,230.54. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is owned by company 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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