SevenBridge Financial Group LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 50,424 shares of the technology company’s stock after purchasing an additional 1,952 shares during the quarter. AT&T accounts for about 1.1% of SevenBridge Financial Group LLC’s investment portfolio, making the stock its 23rd biggest holding. SevenBridge Financial Group LLC’s holdings in AT&T were worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. New Capital Management LP raised its holdings in AT&T by 130.9% during the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after acquiring an additional 1,500 shares in the last quarter. Financial Engines Advisors L.L.C. bought a new stake in AT&T during the third quarter worth about $104,000. Macroview Investment Management LLC raised its holdings in AT&T by 144.3% during the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after acquiring an additional 1,595 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in AT&T during the second quarter worth about $134,000. Finally, CKW Financial Group raised its holdings in AT&T by 83.9% during 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. 55.14% of the stock is owned by institutional investors.
Several analysts recently issued reports on T shares. Oppenheimer reiterated a “hold” rating on shares of AT&T in a report on Wednesday, October 25th. Citigroup upped their price objective on AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Deutsche Bank dropped their price objective on AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a research note on Wednesday, October 25th. Finally, Nomura dropped their price objective on AT&T to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.92.
AT&T Inc. (NYSE T) opened at $36.77 on Wednesday. The firm has a market capitalization of $225,730.00, a P/E ratio of 22.70, a PEG ratio of 2.57 and a beta of 0.37. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.60 and a current ratio of 0.97. AT&T Inc. has a 52 week low of $32.55 and a 52 week high of $42.70.
AT&T (NYSE:T) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.13. The company had revenue of $41.68 billion for the quarter, compared to analyst estimates of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share. research analysts expect that AT&T Inc. will post 3.48 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.44%. This is a positive change from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio (DPR) is 123.46%.
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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