ClariVest Asset Management LLC Sells 401,050 Shares of AT&T Inc. (T)

ClariVest Asset Management LLC decreased its holdings in AT&T Inc. (NYSE:T) by 98.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,332 shares of the technology company’s stock after selling 401,050 shares during the period. ClariVest Asset Management LLC’s holdings in AT&T were worth $163,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. B & T Capital Management DBA Alpha Capital Management increased its position in shares of AT&T by 183.5% during the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 14,074 shares of the technology company’s stock worth $585,000 after purchasing an additional 9,109 shares in the last quarter. Founders Capital Management LLC increased its position in shares of AT&T by 1.1% during the first quarter. Founders Capital Management LLC now owns 232,258 shares of the technology company’s stock worth $9,650,000 after purchasing an additional 2,530 shares in the last quarter. Headinvest LLC increased its position in shares of AT&T by 4.1% during the first quarter. Headinvest LLC now owns 27,995 shares of the technology company’s stock worth $1,163,000 after purchasing an additional 1,113 shares in the last quarter. Excalibur Management Corp increased its position in shares of AT&T by 0.4% during the first quarter. Excalibur Management Corp now owns 183,507 shares of the technology company’s stock worth $7,625,000 after purchasing an additional 646 shares in the last quarter. Finally, Northpointe Capital LLC increased its position in shares of AT&T by 20.3% during the first quarter. Northpointe Capital LLC now owns 202,224 shares of the technology company’s stock worth $8,402,000 after purchasing an additional 34,090 shares in the last quarter. 55.21% of the stock is owned by institutional investors.

Shares of AT&T Inc. (NYSE T) opened at $34.17 on Tuesday. The company has a market cap of $210,076.59, a PE ratio of 11.68, a price-to-earnings-growth ratio of 2.76 and a beta of 0.42. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. AT&T Inc. has a 1-year low of $32.55 and a 1-year high of $43.03.

AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the Zacks’ 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 net margin of 8.00% and a return on equity of 14.49%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS. equities research analysts expect that AT&T Inc. will post 2.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a $0.49 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.74%. AT&T’s payout ratio is 94.69%.

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In other news, Director Matthew K. Rose purchased 29,600 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was acquired at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the acquisition, the director now directly owns 3,100 shares of the company’s stock, valued at $104,625. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is currently owned by corporate insiders.

T has been the topic of a number of recent analyst reports. Cowen and Company reaffirmed a “market perform” rating and set a $41.00 price target (down from $43.00) on shares of AT&T in a research report on Wednesday, July 26th. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 target price on the stock. in a research report on Wednesday, July 26th. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub raised AT&T from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $48.00 target price on shares of AT&T in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $43.48.

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.

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

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