Legacy Capital Partners Inc. increased its holdings in AT&T Inc. (NYSE:T) by 8.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,975 shares of the technology company’s stock after buying an additional 5,605 shares during the quarter. AT&T accounts for about 1.4% of Legacy Capital Partners Inc.’s investment portfolio, making the stock its 25th largest position. Legacy Capital Partners Inc.’s holdings in AT&T were worth $2,678,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of T. CAPROCK Group Inc. boosted its holdings in shares of AT&T by 6.9% in the first quarter. CAPROCK Group Inc. now owns 60,076 shares of the technology company’s stock worth $2,496,000 after buying an additional 3,867 shares during the last quarter. Concorde Asset Management LLC boosted its holdings in shares of AT&T by 53.4% in the first quarter. Concorde Asset Management LLC now owns 28,520 shares of the technology company’s stock worth $1,186,000 after buying an additional 9,932 shares during the last quarter. Culbertson A N & Co. Inc. boosted its holdings in shares of AT&T by 0.4% in the first quarter. Culbertson A N & Co. Inc. now owns 132,397 shares of the technology company’s stock worth $5,501,000 after buying an additional 576 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of AT&T by 2.8% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 354,407 shares of the technology company’s stock worth $14,725,000 after buying an additional 9,667 shares during the last quarter. Finally, Nicolet Bankshares Inc. boosted its holdings in shares of AT&T by 14.1% in the first quarter. Nicolet Bankshares Inc. now owns 22,148 shares of the technology company’s stock worth $920,000 after buying an additional 2,745 shares during the last quarter. 55.21% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on T. Standpoint Research began coverage on shares of AT&T in a report on Wednesday, November 8th. They set a “buy” rating and a $40.00 price target on the stock. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price target on the stock in a report on Wednesday, August 16th. Cowen and Company reaffirmed a “market perform” rating and set a $41.00 price target (down previously from $43.00) on shares of AT&T in a report on Wednesday, July 26th. Moffett Nathanson reaffirmed a “neutral” rating on shares of AT&T in a report on Monday, October 16th. Finally, Morgan Stanley lifted their price target on shares of AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $43.48.
Shares of AT&T Inc. (NYSE:T) traded up $0.09 on Wednesday, hitting $33.81. 5,450,276 shares of the stock were exchanged, compared to its average volume of 24,505,771. AT&T Inc. has a 1 year low of $32.55 and a 1 year high of $43.03. The stock has a market capitalization of $207,010.00, a price-to-earnings ratio of 11.66, a P/E/G ratio of 2.75 and a beta of 0.41. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60.
AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). The business had revenue of $39.67 billion during the quarter, compared to analysts’ expectations of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.74 earnings per share. equities analysts forecast that AT&T Inc. will post 2.93 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a $0.49 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.80%. AT&T’s dividend payout ratio is presently 94.23%.
In other news, Director Matthew K. Rose bought 29,600 shares of AT&T stock in a transaction on Wednesday, October 25th. The stock was acquired at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the acquisition, the director now owns 3,100 shares of the company’s stock, valued at approximately $104,625. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.09% of the company’s stock.
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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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