MAI Capital Management lifted its stake in AT&T (NYSE:T) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,519 shares of the technology company’s stock after purchasing an additional 8,380 shares during the period. MAI Capital Management’s holdings in AT&T were worth $3,908,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. New Capital Management LP lifted 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 acquiring an additional 1,500 shares during the period. Financial Engines Advisors L.L.C. purchased a new position in AT&T during the 3rd quarter valued at about $104,000. Macroview Investment Management LLC lifted 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 acquiring an additional 1,595 shares during the period. Mountain Capital Investment Advisors Inc purchased a new position in AT&T during the 2nd quarter valued at about $134,000. Finally, Israel Discount Bank of New York lifted its position in AT&T by 0.6% during the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock valued at $154,000 after acquiring an additional 25 shares during the period. 55.94% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Richard W. Fisher purchased 2,600 shares of AT&T stock in a transaction dated Monday, February 5th. The stock was purchased at an average cost of $38.10 per share, for a total transaction of $99,060.00. Following the completion of the purchase, the director now directly owns 2,600 shares of the company’s stock, valued at approximately $99,060. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John Donovan purchased 27,997 shares of AT&T stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $35.68 per share, with a total value of $998,932.96. Following the completion of the purchase, the chief executive officer now directly owns 179,834 shares of the company’s stock, valued at $6,416,477.12. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.
Shares of T stock opened at $35.63 on Monday. AT&T has a 52 week low of $32.55 and a 52 week high of $40.86. The company has a market capitalization of $218,732.58, a PE ratio of 11.68, a P/E/G ratio of 2.45 and a beta of 0.39. 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 announced its quarterly 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. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The firm had revenue of $41.68 billion during the quarter, compared to analyst estimates of $41.21 billion. During the same period in the previous year, the business posted $0.66 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. equities research analysts anticipate that AT&T will post 3.47 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, April 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.61%. AT&T’s dividend payout ratio is presently 65.57%.
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AT&T Company Profile
AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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