SeaBridge Investment Advisors LLC boosted its stake in AT&T Inc. (NYSE:T) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,515 shares of the company’s stock after buying an additional 3,265 shares during the period. SeaBridge Investment Advisors LLC’s holdings in AT&T were worth $1,232,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 worth $6,388,000 after buying an additional 15,381 shares during the period. PGGM Investments increased its position in shares of 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. Vicus Capital increased its position in shares of 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. Sadoff Investment Management LLC increased its position in shares of 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. Finally, Forte Capital LLC ADV increased its position in shares of 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. Hedge funds and other institutional investors own 53.62% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded up 0.13% during midday trading on Monday, reaching $39.27. 13,885,020 shares of the company were exchanged. AT&T Inc. has a 52 week low of $32.22 and a 52 week high of $43.89. The firm has a 50-day moving average of $40.29 and a 200 day moving average of $40.53. The firm has a market capitalization of $241.59 billion, a P/E ratio of 16.93 and a beta of 0.30.
AT&T (NYSE:T) last issued its quarterly earnings results 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%. On average, equities research analysts expect that AT&T Inc. will post $2.86 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.89%. The ex-dividend date is Wednesday, October 5th. AT&T’s payout ratio is presently 83.12%.
A number of research analysts recently weighed in on the stock. Vetr downgraded 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 report on Wednesday, October 12th. S&P Equity Research set a $46.00 target price on shares of AT&T and gave the company a “buy” rating in a report on Sunday, July 24th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of AT&T in a report on Friday, July 22nd. Barclays PLC upped their target price on shares of AT&T from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, July 15th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of AT&T in a report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. AT&T presently has a consensus rating of “Hold” and a consensus price target of $41.86.
In other news, CEO John T. Stankey sold 2,131 shares of the company’s 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 sale, the chief executive officer now 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 is available through this link. 0.07% of the stock is currently 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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