Piedmont Investment Advisors LLC boosted its holdings in AT&T Inc. (NYSE:T) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,654,697 shares of the technology company’s stock after buying an additional 114,132 shares during the period. AT&T makes up 1.4% of Piedmont Investment Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Piedmont Investment Advisors LLC’s holdings in AT&T were worth $64,814,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of AT&T by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock worth $16,143,056,000 after acquiring an additional 9,053,649 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of AT&T by 1.1% during the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock worth $13,865,363,000 after acquiring an additional 4,104,136 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of AT&T by 5.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 68,356,308 shares of the technology company’s stock worth $2,677,458,000 after acquiring an additional 3,500,299 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of AT&T by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 67,677,673 shares of the technology company’s stock worth $2,650,934,000 after acquiring an additional 1,672,264 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of AT&T by 2.7% during the 2nd quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock worth $1,824,633,000 after acquiring an additional 1,263,645 shares during the last quarter. Institutional investors and hedge funds own 55.14% of the company’s stock.
In other news, Director Richard W. Fisher acquired 2,600 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were purchased at an average price of $38.10 per share, for a total transaction of $99,060.00. Following the completion of the transaction, the director now owns 2,600 shares of the company’s stock, valued at $99,060. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John T. Stankey sold 2,307 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.21, for a total transaction of $90,457.47. Following the completion of the transaction, the executive vice president now owns 51,672 shares in the company, valued at approximately $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.
AT&T Inc. (T) opened at $36.30 on Thursday. The company has a market cap of $222,940.00, a price-to-earnings ratio of 24.36, a P/E/G ratio of 2.59 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 company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 0.97.
AT&T (NYSE:T) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.13. The company had revenue of $41.68 billion for the quarter, compared to analysts’ expectations of $41.21 billion. AT&T had a negative net margin of 2.72% and a negative return on equity of 3.72%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. analysts forecast that AT&T Inc. will post 3.48 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were given a $0.50 dividend. This is a boost from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.51%. AT&T’s payout ratio is presently 134.23%.
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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