Bienville Capital Management LLC acquired a new position in AT&T Inc. (NYSE:T) during the third quarter, Holdings Channel reports. The fund acquired 17,269 shares of the technology company’s stock, valued at approximately $676,000.
Several other hedge funds have also made changes to their positions in the company. Israel Discount Bank of New York raised its position in AT&T by 0.6% during the second quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock worth $154,000 after acquiring an additional 25 shares in the last quarter. Greatmark Investment Partners Inc. increased its holdings in shares of AT&T by 0.4% in the second quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock valued at $490,000 after purchasing an additional 53 shares during the last quarter. Cim LLC increased its holdings in shares of AT&T by 1.0% in the second quarter. Cim LLC now owns 6,399 shares of the technology company’s stock valued at $241,000 after purchasing an additional 62 shares during the last quarter. New England Investment & Retirement Group Inc. increased its holdings in shares of AT&T by 1.1% in the second quarter. New England Investment & Retirement Group Inc. now owns 7,122 shares of the technology company’s stock valued at $269,000 after purchasing an additional 77 shares during the last quarter. Finally, Armbruster Capital Management Inc. increased its holdings in shares of AT&T by 0.7% in the second quarter. Armbruster Capital Management Inc. now owns 10,752 shares of the technology company’s stock valued at $406,000 after purchasing an additional 78 shares during the last quarter. 55.14% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO John Donovan acquired 27,997 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $35.68 per share, with a total value of $998,932.96. Following the completion of the transaction, the chief executive officer now directly owns 179,834 shares of the company’s stock, valued at approximately $6,416,477.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard W. Fisher acquired 2,600 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average cost of $38.10 per share, with a total value of $99,060.00. Following the transaction, the director now directly owns 2,600 shares of the company’s stock, valued at $99,060. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.
AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The business had revenue of $41.68 billion during the quarter, compared to analysts’ expectations of $41.21 billion. During the same quarter in the prior year, the business posted $0.66 earnings per share. AT&T’s revenue was down .4% compared to the same quarter last year. research analysts anticipate that AT&T Inc. will post 3.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a dividend of $0.50 per share. This is a boost from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date was Tuesday, January 9th. This represents a $2.00 annualized dividend and a yield of 5.34%. AT&T’s dividend payout ratio is currently 134.23%.
T has been the topic of several research reports. Citigroup upped their price objective on shares of AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 10th. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Nomura decreased their price objective on shares of AT&T to $42.00 and set a “buy” rating on the stock in a report on Tuesday, November 21st. Vetr downgraded shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 price objective on the stock. in a report on Wednesday, November 29th. Finally, Standpoint Research initiated coverage on shares of AT&T in a report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $41.92.
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.
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.