Capital Planning Advisors LLC decreased its stake in shares of AT&T Inc. (NYSE:T) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 38,215 shares of the company’s stock after selling 305 shares during the period. AT&T comprises approximately 0.9% of Capital Planning Advisors LLC’s portfolio, making the stock its 27th largest position. Capital Planning Advisors LLC’s holdings in AT&T were worth $1,651,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in T. Dowling & Yahnke LLC increased its stake in shares of AT&T by 2.7% in the second quarter. Dowling & Yahnke LLC now owns 109,222 shares of the company’s stock worth $4,719,000 after buying an additional 2,841 shares during the last quarter. Oakworth Capital Inc. increased its stake in shares of AT&T by 5.7% in the second quarter. Oakworth Capital Inc. now owns 37,300 shares of the company’s stock worth $1,460,000 after buying an additional 2,019 shares during the last quarter. WealthTrust Arizona LLC increased 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 worth $113,000 after buying an additional 300 shares during the last quarter. Bremer Trust National Association increased its stake in shares of AT&T by 4.4% in the second quarter. Bremer Trust National Association now owns 43,971 shares of the company’s stock worth $1,900,000 after buying an additional 1,848 shares during the last quarter. Finally, Bath Savings Trust Co increased its stake in shares of AT&T by 22.1% in the second quarter. Bath Savings Trust Co now owns 77,320 shares of the company’s stock worth $3,341,000 after buying an additional 13,977 shares during the last quarter. 53.64% of the stock is currently owned by institutional investors.
Shares of AT&T Inc. (NYSE:T) traded up 0.10% during mid-day trading on Thursday, hitting $39.37. 17,546,584 shares of the stock were exchanged. AT&T Inc. has a 12 month low of $32.22 and a 12 month high of $43.89. The company has a 50-day moving average price of $40.43 and a 200-day moving average price of $40.52. The stock has a market cap of $242.20 billion, a price-to-earnings ratio of 16.98 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, meeting the Thomson Reuters’ consensus estimate of $0.72. AT&T had a return on equity of 13.93% and a net margin of 8.76%. The firm earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. Equities analysts expect that AT&T Inc. will post $2.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.88%. The ex-dividend date is Wednesday, October 5th. AT&T’s dividend payout ratio is currently 83.12%.
A number of analysts have recently issued reports on T shares. Zacks Investment Research downgraded shares of AT&T from a “hold” rating to a “sell” rating in a report on Monday, October 3rd. Jefferies Group reiterated a “buy” rating and issued a $48.00 price objective on shares of AT&T in a research note on Thursday, September 15th. Barclays PLC reiterated a “buy” rating and issued a $45.00 price objective on shares of AT&T in a research note on Monday, September 26th. Wells Fargo & Co. reiterated a “buy” rating on shares of AT&T in a research note on Thursday, October 6th. Finally, Vetr cut shares of AT&T from a “buy” rating to a “hold” rating and set a $40.78 price objective on the stock. in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.86.
In related news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at approximately $589,230.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.07% of the stock is owned by corporate insiders.
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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