AT&T (T) Shares Bought by MAI Capital Management

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.

How to Become a New Pot Stock Millionaire

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.

A number of research analysts recently issued reports on T shares. ValuEngine cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Monday, March 5th. Macquarie reissued a “buy” rating and set a $40.00 price target on shares of AT&T in a research report on Sunday. SunTrust Banks lifted their price target on shares of AT&T from $36.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. Finally, Argus reissued a “buy” rating and set a $36.83 price target (down from $48.00) on shares of AT&T in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $41.43.

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%.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3342918/att-t-shares-bought-by-mai-capital-management.html.

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.

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 (NYSE:T).

Institutional Ownership by Quarter for AT&T (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.

Latest News

National Grid  Receives Daily Media Sentiment Rating of 0.07
National Grid Receives Daily Media Sentiment Rating of 0.07
Investors Sell Shares of iShares S&P 500 Value ETF  on Strength
Investors Sell Shares of iShares S&P 500 Value ETF on Strength
Investors Buy Analog Devices  on Weakness
Investors Buy Analog Devices on Weakness
WETH Trading Up 28.3% Over Last Week
WETH Trading Up 28.3% Over Last Week
Incent  Market Capitalization Hits $18.58 Million
Incent Market Capitalization Hits $18.58 Million
Analyzing Apple  & Omnicell Technologies
Analyzing Apple & Omnicell Technologies


© 2006-2018 Ticker Report. Google+.