IMS Capital Management boosted its position in AT&T Inc. (NYSE:T) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,228 shares of the technology company’s stock after buying an additional 404 shares during the quarter. IMS Capital Management’s holdings in AT&T were worth $348,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of T. Ullmann Financial Group Inc. acquired a new stake in AT&T in the 1st quarter worth $101,000. Almanack Investment Partners LLC. acquired a new stake in AT&T in the 1st quarter worth $109,000. Sterling Investment Advisors Ltd. grew its position in AT&T by 289.1% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after purchasing an additional 2,024 shares during the last quarter. CKW Financial Group grew its position in AT&T by 83.9% in the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after purchasing an additional 1,724 shares during the last quarter. Finally, Asset Planning Services Ltd. grew its position in AT&T by 2.5% in the 2nd quarter. Asset Planning Services Ltd. now owns 4,273 shares of the technology company’s stock worth $161,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 55.32% of the company’s stock.
In other AT&T news, Director Matthew K. Rose acquired 29,600 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were acquired at an average price of $33.75 per share, with a total value of $999,000.00. Following the completion of the transaction, the director now directly owns 3,100 shares in the company, valued at approximately $104,625. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.09% of the company’s stock.
AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). The company had revenue of $39.67 billion during the quarter, compared to analyst estimates of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. sell-side analysts expect that AT&T Inc. will post 2.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date was Friday, October 6th. AT&T’s dividend payout ratio is presently 94.23%.
T has been the topic of several recent research reports. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of AT&T in a research report on Wednesday, October 25th. KeyCorp reiterated a “hold” rating on shares of AT&T in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Citigroup Inc. lifted their target price on shares of AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Deutsche Bank AG decreased their target price on shares of AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $43.48.
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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