Hartland & Co. LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 17.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,925 shares of the technology company’s stock after buying an additional 7,449 shares during the period. Hartland & Co. LLC’s holdings in AT&T were worth $1,921,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Legal & General Group Plc raised its holdings in AT&T by 2.4% during the second quarter. Legal & General Group Plc now owns 37,455,113 shares of the technology company’s stock valued at $1,413,168,000 after buying an additional 871,489 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of AT&T by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 23,368,641 shares of the technology company’s stock worth $881,699,000 after purchasing an additional 1,011,014 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of AT&T by 0.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,915,402 shares of the technology company’s stock worth $744,385,000 after purchasing an additional 143,884 shares during the period. APG Asset Management N.V. increased its stake in shares of AT&T by 7.1% in the second quarter. APG Asset Management N.V. now owns 16,917,935 shares of the technology company’s stock worth $638,314,000 after purchasing an additional 1,117,300 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in shares of AT&T by 6.4% in the second quarter. Great West Life Assurance Co. Can now owns 8,847,061 shares of the technology company’s stock worth $333,379,000 after purchasing an additional 532,249 shares during the period. Institutional investors own 55.32% of the company’s stock.
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A number of equities analysts have recently commented on the company. Canaccord Genuity reiterated a “buy” rating and issued a $51.00 price objective on shares of AT&T in a research note on Friday, November 10th. Citigroup Inc. lifted their price objective on AT&T from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Standpoint Research assumed coverage on AT&T in a research note on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price objective on the stock. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $36.00 price objective on shares of AT&T in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. AT&T has an average rating of “Hold” and an average price target of $43.48.
Shares of AT&T Inc. (NYSE:T) opened at $34.64 on Tuesday. The firm has a market capitalization of $213,020.00, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 2.78 and a beta of 0.41. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. AT&T Inc. has a 1-year low of $32.55 and a 1-year high of $43.03.
AT&T (NYSE:T) last announced its earnings results on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The business had revenue of $39.67 billion during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.74 earnings per share. equities research analysts predict that AT&T Inc. will post 2.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend was Friday, October 6th. AT&T’s payout ratio is currently 94.23%.
AT&T Company Profile
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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