Cahill Financial Advisors Inc. increased its stake in AT&T Inc. (NYSE:T) by 13.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,599 shares of the technology company’s stock after acquiring an additional 1,472 shares during the period. Cahill Financial Advisors Inc.’s holdings in AT&T were worth $494,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Capital Management LP raised its position in AT&T by 130.9% during the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,500 shares during the last quarter. Financial Engines Advisors L.L.C. bought a new position in AT&T during the 3rd quarter valued at approximately $104,000. Macroview Investment Management LLC raised its position in AT&T by 144.3% during the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock valued at $106,000 after purchasing an additional 1,595 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in AT&T during the 2nd quarter valued at approximately $134,000. Finally, CKW Financial Group raised its position in AT&T by 83.9% during the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock valued at $144,000 after purchasing an additional 1,724 shares during the last quarter. 55.14% of the stock is owned by institutional investors.
Shares of AT&T Inc. (NYSE T) opened at $36.72 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 1.60. The firm has a market capitalization of $225,420.00, a P/E ratio of 24.64, a P/E/G ratio of 2.54 and a beta of 0.37. AT&T Inc. has a 52 week low of $32.55 and a 52 week high of $42.70.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.00 annualized dividend and a dividend yield of 5.45%. This is an increase from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio is presently 134.23%.
In other AT&T news, EVP John T. Stankey sold 2,307 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the sale, the executive vice president now directly owns 51,672 shares in the company, valued at approximately $2,026,059.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard W. Fisher bought 2,600 shares of the business’s stock in a transaction on Monday, February 5th. The shares were acquired at an average price of $38.10 per share, for a total transaction of $99,060.00. Following the completion of the purchase, the director now owns 2,600 shares in the company, valued at approximately $99,060. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.
Several research analysts have recently issued reports on T shares. Scotiabank set a $40.00 target price on AT&T and gave the stock a “hold” rating in a research report on Tuesday, January 30th. SunTrust Banks increased their target price on AT&T from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. ValuEngine lowered AT&T from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Argus reissued a “buy” rating and issued a $36.83 target price (down previously from $48.00) on shares of AT&T in a research report on Wednesday, February 7th. Finally, Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $40.01 target price for the company. in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company’s stock. AT&T presently has a consensus rating of “Hold” and an average price target of $41.92.
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AT&T Company Profile
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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