Donald L. Hagan LLC Holds Stake in AT&T Inc. (T)

Donald L. Hagan LLC maintained its position in AT&T Inc. (NYSE:T) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,567 shares of the technology company’s stock at the end of the second quarter. Donald L. Hagan LLC’s holdings in AT&T were worth $738,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in T. Taylor Wealth Management Partners raised its position in shares of AT&T by 0.4% in the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after purchasing an additional 11 shares in the last quarter. Cedar Wealth Management LLC raised its position in shares of AT&T by 0.9% in the 1st quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock valued at $228,000 after purchasing an additional 50 shares in the last quarter. Headinvest LLC raised its position in shares of AT&T by 0.3% in the 2nd quarter. Headinvest LLC now owns 28,069 shares of the technology company’s stock valued at $1,059,000 after purchasing an additional 74 shares in the last quarter. Moon Capital Management LLC raised its position in shares of AT&T by 0.3% in the 2nd quarter. Moon Capital Management LLC now owns 21,834 shares of the technology company’s stock valued at $824,000 after purchasing an additional 75 shares in the last quarter. Finally, Orca Investment Management LLC raised its position in shares of AT&T by 0.7% in the 2nd quarter. Orca Investment Management LLC now owns 14,205 shares of the technology company’s stock valued at $536,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 54.98% of the company’s stock.

AT&T Inc. (T) opened at 35.86 on Friday. The company has a market cap of $220.18 billion, a PE ratio of 16.85 and a beta of 0.49. The stock has a 50 day moving average price of $37.82 and a 200 day moving average price of $38.44. AT&T Inc. has a 1-year low of $35.10 and a 1-year high of $43.03.

AT&T (NYSE:T) last released its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. Equities analysts forecast that AT&T Inc. will post $2.95 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be paid a $0.49 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.47%. AT&T’s dividend payout ratio (DPR) is currently 92.45%.

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Several research firms recently issued reports on T. KeyCorp reissued a “hold” rating on shares of AT&T in a research report on Wednesday. Royal Bank Of Canada reissued a “hold” rating and set a $42.00 price target on shares of AT&T in a research report on Sunday, July 9th. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price target on the stock in a research report on Monday, July 10th. Zacks Investment Research lowered AT&T from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, BidaskClub raised AT&T from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.53.

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

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