AT&T (T) Shares Bought by Hamlin Capital Management LLC

Hamlin Capital Management LLC grew its stake in AT&T (NYSE:T) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,101,259 shares of the technology company’s stock after acquiring an additional 214,566 shares during the period. AT&T accounts for 4.6% of Hamlin Capital Management LLC’s holdings, making the stock its 3rd biggest holding. Hamlin Capital Management LLC owned about 0.05% of AT&T worth $120,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. New Capital Management LP lifted its position in shares of AT&T by 130.9% in the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after purchasing an additional 1,500 shares during the period. Financial Engines Advisors L.L.C. purchased a new stake in shares of AT&T in the 3rd quarter worth approximately $104,000. Macroview Investment Management LLC lifted its position in shares of AT&T by 144.3% in the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after purchasing an additional 1,595 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in shares of AT&T in the 2nd quarter worth approximately $134,000. Finally, Israel Discount Bank of New York lifted its position in shares of AT&T by 0.6% in the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock worth $154,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 55.94% of the company’s stock.

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T has been the subject of several research reports. Vetr raised shares of AT&T from a “hold” rating to a “buy” rating and set a $39.60 price target for the company in a research report on Wednesday, January 10th. Argus reaffirmed a “buy” rating and issued a $36.83 price target (down previously from $48.00) on shares of AT&T in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Monday, March 5th. Guggenheim initiated coverage on shares of AT&T in a research report on Tuesday, March 13th. They issued a “buy” rating and a $42.00 price target for the company. Finally, HSBC raised shares of AT&T from a “hold” rating to a “buy” rating and upped their price target for the stock from $34.90 to $41.00 in a research report on Wednesday, March 28th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. AT&T has an average rating of “Hold” and a consensus target price of $41.47.

In related news, CEO John Donovan purchased 27,997 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $35.68 per share, with a total value of $998,932.96. Following the completion of the acquisition, the chief executive officer now owns 179,834 shares in the company, valued at approximately $6,416,477.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard W. Fisher purchased 2,600 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was bought at an average cost of $38.10 per share, with a total value of $99,060.00. Following the acquisition, the director now owns 2,600 shares of the company’s stock, valued at approximately $99,060. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

NYSE T opened at $35.14 on Monday. The firm has a market capitalization of $215,847.23, a price-to-earnings ratio of 11.52, a P/E/G ratio of 2.42 and a beta of 0.39. AT&T has a 12-month low of $32.55 and a 12-month high of $40.56. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 0.97.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.13. The business had revenue of $41.68 billion during the quarter, compared to analysts’ expectations of $41.21 billion. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company posted $0.66 earnings per share. equities analysts anticipate that AT&T will post 3.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be issued a $0.50 dividend. The ex-dividend date is Monday, April 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.69%. AT&T’s dividend payout ratio is currently 65.57%.

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AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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

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