Adell Harriman & Carpenter Inc. boosted its position in AT&T Inc. (NYSE:T) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,281 shares of the company’s stock after buying an additional 3,602 shares during the period. AT&T accounts for approximately 1.6% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 23rd largest position. Adell Harriman & Carpenter Inc.’s holdings in AT&T were worth $5,975,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of T. Forte Capital LLC ADV increased its position in AT&T by 4.8% in the first quarter. Forte Capital LLC ADV now owns 36,052 shares of the company’s stock worth $1,412,000 after buying an additional 1,649 shares during the period. Sadoff Investment Management LLC increased its position in AT&T by 0.7% in the first quarter. Sadoff Investment Management LLC now owns 244,057 shares of the company’s stock worth $9,560,000 after buying an additional 1,656 shares during the period. Vicus Capital increased its position in AT&T by 6.9% in the first quarter. Vicus Capital now owns 76,990 shares of the company’s stock worth $3,016,000 after buying an additional 4,950 shares during the period. PGGM Investments increased its position in AT&T by 1.9% in the first quarter. PGGM Investments now owns 9,379,829 shares of the company’s stock worth $367,408,000 after buying an additional 170,813 shares during the period. Finally, Lodestar Investment Counsel LLC IL increased its position in shares of AT&T by 10.4% in the first quarter. Lodestar Investment Counsel LLC IL now owns 163,086 shares of the company’s stock valued at $6,388,000 after buying an additional 15,381 shares during the last quarter. 53.64% of the stock is owned by institutional investors.
Shares of AT&T Inc. (NYSE:T) traded up 0.26% during trading on Wednesday, hitting $39.20. The stock had a trading volume of 4,041,125 shares. The firm has a 50 day moving average price of $40.47 and a 200-day moving average price of $40.52. 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 $241.16 billion, a price-to-earnings ratio of 16.90 and a beta of 0.30.
AT&T (NYSE:T) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.72. The business had revenue of $40.50 billion for the quarter, compared to analysts’ expectations 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 forecast that AT&T Inc. will post $2.86 EPS for the current fiscal year.
The business 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. The ex-dividend date is Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a yield of 4.91%. AT&T’s dividend payout ratio (DPR) is currently 83.12%.
Several brokerages have commented on T. S&P Equity Research set a $46.00 target price on AT&T and gave the stock a “buy” rating in a research note on Sunday, July 24th. Vetr downgraded AT&T from a “hold” rating to a “sell” rating and set a $38.71 target price for the company. in a research note on Tuesday, June 21st. Wells Fargo & Co. reissued a “buy” rating on shares of AT&T in a research note on Friday, July 22nd. Barclays PLC boosted their target price on AT&T from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, July 15th. Finally, Jefferies Group reissued a “buy” rating on shares of AT&T in a research note on Wednesday, August 3rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $41.89.
In other news, CEO John T. Stankey sold 2,131 shares of AT&T 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 sale, the chief executive officer now directly owns 13,583 shares in the company, valued at approximately $589,230.54. The sale was disclosed in a 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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