LexAurum Advisors LLC lessened its holdings in AT&T Inc. (NYSE:T) by 6.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 25,495 shares of the technology company’s stock after selling 1,719 shares during the quarter. LexAurum Advisors LLC’s holdings in AT&T were worth $819,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of T. Bank of New York Mellon Corp raised its position in AT&T by 21.2% in the second quarter. Bank of New York Mellon Corp now owns 72,724,434 shares of the technology company’s stock worth $2,335,182,000 after purchasing an additional 12,709,982 shares in the last quarter. BlackRock Inc. increased its holdings in shares of AT&T by 2.8% during the first quarter. BlackRock Inc. now owns 387,352,856 shares of the technology company’s stock worth $13,809,130,000 after buying an additional 10,535,763 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of AT&T by 26.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 23,675,124 shares of the technology company’s stock worth $760,208,000 after buying an additional 4,930,318 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of AT&T by 87.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 8,819,000 shares of the technology company’s stock worth $283,178,000 after buying an additional 4,118,500 shares in the last quarter. Finally, Aperio Group LLC acquired a new stake in shares of AT&T during the first quarter worth approximately $121,674,000. 64.81% of the stock is owned by hedge funds and other institutional investors.
In other AT&T news, Director Michael B. Mccallister acquired 4,000 shares of AT&T stock in a transaction on Friday, October 26th. The shares were purchased at an average cost of $29.14 per share, with a total value of $116,560.00. Following the completion of the purchase, the director now owns 7,361 shares in the company, valued at $214,499.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Piazza Samuel A. Jr. Di acquired 7,690 shares of AT&T stock in a transaction on Wednesday, August 8th. The stock was acquired at an average cost of $32.48 per share, for a total transaction of $249,771.20. Following the completion of the purchase, the director now owns 31,405 shares of the company’s stock, valued at approximately $1,020,034.40. The disclosure for this purchase can be found here. 0.09% of the stock is owned by corporate insiders.
Several analysts have recently weighed in on the stock. Argus reaffirmed a “buy” rating and set a $48.00 price objective on shares of AT&T in a report on Friday, October 26th. Robert W. Baird dropped their price objective on shares of AT&T from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, October 25th. Scotiabank set a $32.00 price objective on shares of AT&T and gave the stock a “hold” rating in a report on Thursday, October 25th. Bank of America set a $37.00 price objective on shares of AT&T and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Finally, Tigress Financial raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Monday, October 22nd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $37.95.
T opened at $30.63 on Tuesday. AT&T Inc. has a one year low of $28.85 and a one year high of $39.33. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91. The company has a market cap of $187.36 billion, a PE ratio of 10.04, a P/E/G ratio of 2.44 and a beta of 0.42.
AT&T (NYSE:T) last released its quarterly 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 company had revenue of $45.74 billion for the quarter, compared to the consensus estimate of $45.73 billion. During the same period last year, the company earned $0.74 earnings per share. AT&T’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, equities analysts anticipate that AT&T Inc. will post 3.51 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Wednesday, October 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 6.53%. AT&T’s dividend payout ratio (DPR) is currently 65.57%.
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.
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