Sigma Planning Corp raised its position in shares of AT&T Inc. (NYSE:T) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,020 shares of the technology company’s stock after buying an additional 609 shares during the period. AT&T accounts for 0.9% of Sigma Planning Corp’s portfolio, making the stock its 13th largest position. Sigma Planning Corp’s holdings in AT&T were worth $9,017,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Capital Management LP bought a new position in AT&T during the fourth quarter worth about $176,000. Private Advisor Group LLC raised its position in AT&T by 5.1% in the fourth quarter. Private Advisor Group LLC now owns 570,386 shares of the technology company’s stock worth $23,196,000 after buying an additional 27,716 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of AT&T by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 59,285,390 shares of the technology company’s stock valued at $2,521,483,000 after buying an additional 2,770,539 shares during the last quarter. Tredje AP fonden increased its stake in shares of AT&T by 22.0% in the fourth quarter. Tredje AP fonden now owns 562,651 shares of the technology company’s stock valued at $23,930,000 after buying an additional 101,420 shares during the last quarter. Finally, Haverford Trust Co. increased its stake in shares of AT&T by 2.8% in the fourth quarter. Haverford Trust Co. now owns 174,021 shares of the technology company’s stock valued at $7,401,000 after buying an additional 4,720 shares during the last quarter. Institutional investors own 55.28% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded down 0.42% on Tuesday, reaching $38.36. The company’s stock had a trading volume of 15,423,016 shares. The company has a market cap of $235.53 billion, a PE ratio of 18.10 and a beta of 0.47. AT&T Inc. has a 52-week low of $35.81 and a 52-week high of $43.48. The firm has a 50 day moving average of $37.65 and a 200 day moving average of $39.78.
AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. Analysts predict that AT&T Inc. will post $2.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date was Thursday, July 6th. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
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A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada set a $42.00 target price on AT&T and gave the stock a “hold” rating in a research report on Saturday, May 20th. Argus reaffirmed a “buy” rating and set a $51.00 target price on shares of AT&T in a research report on Monday, April 10th. Vetr lowered AT&T from a “buy” rating to a “hold” rating and set a $38.92 target price on the stock. in a research report on Monday, May 22nd. Moffett Nathanson upgraded AT&T from a “sell” rating to a “neutral” rating in a report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, Cowen and Company reiterated a “market perform” rating and set a $41.00 price target (down previously from $43.00) on shares of AT&T in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $43.40.
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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