C WorldWide Group Holding A S reduced its stake in AT&T Inc. (NYSE:T) by 53.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,300 shares of the technology company’s stock after selling 30,795 shares during the period. C WorldWide Group Holding A S’s holdings in AT&T were worth $1,033,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. JJJ Advisors Inc. bought a new stake in AT&T during the third quarter valued at $27,000. Horan Securities Inc. boosted its stake in AT&T by 439.2% during the second quarter. Horan Securities Inc. now owns 1,019 shares of the technology company’s stock valued at $34,000 after buying an additional 830 shares during the period. Next Capital Management LLC bought a new stake in AT&T during the second quarter valued at $39,000. Contravisory Investment Management Inc. boosted its stake in AT&T by 36.0% during the second quarter. Contravisory Investment Management Inc. now owns 1,277 shares of the technology company’s stock valued at $43,000 after buying an additional 338 shares during the period. Finally, West Oak Capital LLC boosted its stake in AT&T by 33.3% during the third quarter. West Oak Capital LLC now owns 1,600 shares of the technology company’s stock valued at $61,000 after buying an additional 400 shares during the period. 52.94% of the stock is owned by hedge funds and other institutional investors.
Shares of T traded down $0.04 during midday trading on Friday, hitting $39.38. 18,626,791 shares of the company traded hands, compared to its average volume of 30,604,307. The firm has a 50 day moving average of $37.83 and a 200-day moving average of $34.42. AT&T Inc. has a 52 week low of $26.80 and a 52 week high of $39.58. The stock has a market cap of $287.75 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 2.47 and a beta of 0.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.74.
AT&T (NYSE:T) last released its quarterly earnings data on Monday, October 28th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. AT&T had a net margin of 8.97% and a return on equity of 13.42%. The business had revenue of $44.59 billion during the quarter, compared to the consensus estimate of $45.45 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The business’s revenue was down 2.5% on a year-over-year basis. Sell-side analysts predict that AT&T Inc. will post 3.57 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend was Wednesday, October 9th. AT&T’s payout ratio is 57.95%.
T has been the subject of several research analyst reports. Oppenheimer set a $41.00 price objective on AT&T and gave the company a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price target on AT&T from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. SunTrust Banks lifted their price target on AT&T to $36.00 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. UBS Group lifted their price target on AT&T from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Citigroup lifted their price target on AT&T from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. AT&T currently has a consensus rating of “Hold” and an average target price of $38.90.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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