Tortoise Investment Management LLC decreased its stake in AT&T Inc. (NYSE:T) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,873 shares of the technology company’s stock after selling 120 shares during the period. Tortoise Investment Management LLC’s holdings in AT&T were worth $259,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Ullmann Financial Group Inc. acquired a new position in shares of AT&T in the first quarter worth about $101,000. Almanack Investment Partners LLC. acquired a new position in shares of AT&T in the first quarter worth about $109,000. Sterling Investment Advisors Ltd. lifted its stake in shares of AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after acquiring an additional 2,024 shares in the last quarter. CKW Financial Group lifted its stake in shares of AT&T by 83.9% in the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after acquiring an additional 1,724 shares in the last quarter. Finally, Sharkey Howes & Javer lifted its stake in shares of AT&T by 9.0% in the second quarter. Sharkey Howes & Javer now owns 5,166 shares of the technology company’s stock worth $195,000 after acquiring an additional 428 shares in the last quarter. 55.21% of the stock is owned by institutional investors.
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In other news, Director Matthew K. Rose purchased 29,600 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was purchased at an average cost of $33.75 per share, with a total value of $999,000.00. Following the purchase, the director now owns 3,100 shares in the company, valued at approximately $104,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.
AT&T Inc. (NYSE T) opened at $33.72 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market capitalization of $207,680.00, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41. AT&T Inc. has a one year low of $32.55 and a one year high of $43.03.
AT&T (NYSE:T) last issued its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The firm had revenue of $39.67 billion for the quarter, compared to the consensus estimate of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 earnings per share. equities research analysts predict that AT&T Inc. will post 2.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend was Friday, October 6th. AT&T’s payout ratio is currently 94.23%.
T has been the topic of several research reports. Cowen and Company restated a “market perform” rating and set a $41.00 price objective (down previously from $43.00) on shares of AT&T in a research note on Wednesday, July 26th. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 price objective on the stock. in a research note on Wednesday, July 26th. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub upgraded AT&T from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Jefferies Group LLC restated a “buy” rating and set a $48.00 price objective on shares of AT&T in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average 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.
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