Sapphire Star Partners LP Has $2.46 Million Stake in AT&T Inc. (T)

Sapphire Star Partners LP decreased its position in AT&T Inc. (NYSE:T) by 16.7% during the 3rd quarter, Holdings Channel reports. The firm owned 62,700 shares of the technology company’s stock after selling 12,600 shares during the period. AT&T accounts for about 3.2% of Sapphire Star Partners LP’s portfolio, making the stock its 9th largest holding. Sapphire Star Partners LP’s holdings in AT&T were worth $2,456,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Israel Discount Bank of New York grew its position in AT&T by 0.6% during the second quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock worth $154,000 after buying an additional 25 shares in the last quarter. Greatmark Investment Partners Inc. grew its position in AT&T by 0.4% during the second quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock worth $490,000 after buying an additional 53 shares in the last quarter. Cim LLC grew its position in AT&T by 1.0% during the second quarter. Cim LLC now owns 6,399 shares of the technology company’s stock worth $241,000 after buying an additional 62 shares in the last quarter. Stratford Consulting LLC grew its position in AT&T by 0.9% during the second quarter. Stratford Consulting LLC now owns 7,277 shares of the technology company’s stock worth $275,000 after buying an additional 68 shares in the last quarter. Finally, Moon Capital Management LLC grew its position in AT&T by 0.3% during the second quarter. Moon Capital Management LLC now owns 21,834 shares of the technology company’s stock worth $824,000 after buying an additional 75 shares in the last quarter. 55.76% of the stock is currently owned by institutional investors.

In other news, Director Matthew K. Rose purchased 29,600 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was bought at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the purchase, the director now owns 3,100 shares of the company’s stock, valued at $104,625. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently issued reports on T shares. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, October 11th. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price target on the stock. in a research report on Friday, October 6th. Standpoint Research assumed coverage on AT&T in a report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 target price on the stock. Citigroup raised their target price on AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $51.00 target price on shares of AT&T in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. AT&T currently has a consensus rating of “Hold” and an average target price of $42.59.

AT&T Inc. (T) opened at $36.90 on Friday. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $42.70. The company has a market capitalization of $226,530.00, a price-to-earnings ratio of 17.74, a PEG ratio of 2.94 and a beta of 0.44. 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 (NYSE:T) last announced its quarterly earnings results 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). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The firm had revenue of $39.67 billion during the quarter, compared to the consensus estimate of $40.34 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. sell-side analysts predict that AT&T Inc. will post 2.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.42%. This is a boost from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, January 9th. AT&T’s dividend payout ratio is presently 96.15%.

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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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