Evanson Asset Management LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 1.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 141,046 shares of the technology company’s stock after acquiring an additional 1,416 shares during the quarter. AT&T comprises about 1.1% of Evanson Asset Management LLC’s portfolio, making the stock its 19th largest position. Evanson Asset Management LLC’s holdings in AT&T were worth $5,337,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Segall Bryant & Hamill LLC raised its stake in shares of AT&T by 6.2% during the 4th quarter. Segall Bryant & Hamill LLC now owns 181,580 shares of the technology company’s stock valued at $5,182,000 after buying an additional 10,580 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of AT&T by 1.5% during the 4th quarter. IHT Wealth Management LLC now owns 92,015 shares of the technology company’s stock valued at $2,626,000 after buying an additional 1,390 shares during the last quarter. RFG Advisory LLC raised its stake in shares of AT&T by 17.4% during the 4th quarter. RFG Advisory LLC now owns 84,155 shares of the technology company’s stock valued at $2,402,000 after buying an additional 12,468 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of AT&T by 7.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,117,886 shares of the technology company’s stock valued at $32,131,000 after buying an additional 75,701 shares during the last quarter. Finally, Howard Financial Services LTD. purchased a new position in shares of AT&T during the 4th quarter valued at about $287,000. 53.02% of the stock is owned by institutional investors.
In other AT&T news, CEO John T. Stankey sold 4,024 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $34.15, for a total transaction of $137,419.60. Following the completion of the sale, the chief executive officer now directly owns 2,366 shares in the company, valued at approximately $80,798.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.07% of the stock is currently owned by insiders.
AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.89 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.89. AT&T had a return on equity of 13.38% and a net margin of 9.47%. The company had revenue of $44.96 billion during the quarter, compared to analyst estimates of $44.97 billion. During the same period in the previous year, the business earned $0.91 EPS. AT&T’s quarterly revenue was up 15.3% on a year-over-year basis. On average, sell-side analysts expect that AT&T Inc. will post 3.57 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.04 annualized dividend and a yield of 5.43%. AT&T’s dividend payout ratio (DPR) is currently 57.95%.
A number of equities analysts have weighed in on T shares. Cowen set a $40.00 price objective on AT&T and gave the company a “buy” rating in a research note on Friday, September 6th. DZ Bank restated a “hold” rating and issued a $38.00 price target on shares of AT&T in a research note on Wednesday, September 18th. ValuEngine lowered AT&T from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Barclays lifted their price target on AT&T from $31.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. They noted that the move was a valuation call. Finally, Citigroup lifted their price target on AT&T from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $38.43.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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.