Dean Capital Investments Management LLC Purchases Shares of 17,808 AT&T Inc. (T)

Dean Capital Investments Management LLC purchased a new stake in AT&T Inc. (NYSE:T) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,808 shares of the technology company’s stock, valued at approximately $572,000.

Other large investors have also recently added to or reduced their stakes in the company. Guardian Investment Management lifted its position in shares of AT&T by 8.4% during the second quarter. Guardian Investment Management now owns 143,209 shares of the technology company’s stock worth $4,598,000 after purchasing an additional 11,054 shares in the last quarter. Ironsides Asset Advisors LLC lifted its position in shares of AT&T by 450.8% during the second quarter. Ironsides Asset Advisors LLC now owns 54,043 shares of the technology company’s stock worth $1,735,000 after purchasing an additional 44,231 shares in the last quarter. Whittier Trust Co. lifted its position in shares of AT&T by 9.5% during the second quarter. Whittier Trust Co. now owns 462,757 shares of the technology company’s stock worth $14,859,000 after purchasing an additional 40,293 shares in the last quarter. BP PLC lifted its position in shares of AT&T by 30.5% during the second quarter. BP PLC now owns 914,826 shares of the technology company’s stock worth $29,375,000 after purchasing an additional 213,826 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its position in shares of AT&T by 14.1% during the second quarter. AdvisorNet Financial Inc now owns 50,507 shares of the technology company’s stock worth $1,622,000 after purchasing an additional 6,247 shares in the last quarter. Hedge funds and other institutional investors own 64.77% of the company’s stock.

Shares of NYSE:T opened at $29.64 on Tuesday. AT&T Inc. has a 52 week low of $28.85 and a 52 week high of $39.33. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $178.58 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 2.33 and a beta of 0.39.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 24th. The technology company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.04). AT&T had a net margin of 20.40% and a return on equity of 13.61%. The firm had revenue of $45.74 billion during the quarter, compared to the consensus estimate of $45.73 billion. During the same period in the previous year, the company posted $0.74 EPS. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, research analysts anticipate that AT&T Inc. will post 3.51 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Wednesday, October 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.75%. The ex-dividend date is Tuesday, October 9th. AT&T’s payout ratio is presently 65.57%.

In related news, Director Michael B. Mccallister acquired 4,000 shares of the stock in a transaction dated Friday, October 26th. The stock was bought at an average price of $29.14 per share, with a total value of $116,560.00. Following the completion of the transaction, the director now directly owns 7,361 shares of the company’s stock, valued at $214,499.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Piazza Samuel A. Jr. Di acquired 7,690 shares of the stock in a transaction dated Wednesday, August 8th. The shares were bought at an average cost of $32.48 per share, with a total value of $249,771.20. Following the transaction, the director now directly owns 31,405 shares of the company’s stock, valued at $1,020,034.40. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently weighed in on T shares. Bank of America set a $37.00 price target on shares of AT&T and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. ValuEngine raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 12th. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Tuesday, July 24th. Raymond James downgraded shares of AT&T from an “outperform” rating to a “market perform” rating and set a $31.75 price target for the company. in a research note on Friday, July 13th. Finally, Macquarie reissued a “buy” rating and set a $35.00 price target on shares of AT&T in a research note on Wednesday, September 12th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $37.95.

AT&T 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.

Further Reading: Dividend Stocks – Are They Right For You?

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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