AT&T (T) Stake Lessened by Chatham Capital Group Inc.

Chatham Capital Group Inc. decreased its position in AT&T (NYSE:T) by 7.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,204 shares of the technology company’s stock after selling 1,820 shares during the period. Chatham Capital Group Inc.’s holdings in AT&T were worth $941,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of T. Beach Investment Management LLC. purchased a new stake in AT&T in the second quarter worth $1,132,000. Strategic Financial Group LLC lifted its stake in AT&T by 17.1% in the second quarter. Strategic Financial Group LLC now owns 37,206 shares of the technology company’s stock worth $1,404,000 after acquiring an additional 5,439 shares during the period. Usca Ria LLC lifted its stake in AT&T by 122.7% in the second quarter. Usca Ria LLC now owns 308,961 shares of the technology company’s stock worth $11,657,000 after acquiring an additional 170,253 shares during the period. GHP Investment Advisors Inc. lifted its stake in AT&T by 7.3% in the second quarter. GHP Investment Advisors Inc. now owns 121,021 shares of the technology company’s stock worth $4,566,000 after acquiring an additional 8,273 shares during the period. Finally, Prudential Financial Inc. lifted its stake in AT&T by 5.1% in the second quarter. Prudential Financial Inc. now owns 15,562,846 shares of the technology company’s stock worth $587,186,000 after acquiring an additional 756,200 shares during the period. Hedge funds and other institutional investors own 55.94% of the company’s stock.

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In other AT&T news, Director Richard W. Fisher acquired 2,600 shares of AT&T stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average cost of $38.10 per share, for a total transaction of $99,060.00. Following the acquisition, the director now owns 2,600 shares of the company’s stock, valued at $99,060. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John T. Stankey sold 2,307 shares of AT&T stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.21, for a total value of $90,457.47. Following the completion of the sale, the executive vice president now owns 51,672 shares of the company’s stock, valued at $2,026,059.12. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Several brokerages have commented on T. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Wells Fargo lowered their price objective on AT&T from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, March 23rd. KeyCorp raised their price objective on AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a research report on Tuesday, January 2nd. Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $39.38 price objective for the company in a research report on Wednesday, January 3rd. Finally, Guggenheim began coverage on AT&T in a research report on Tuesday, March 13th. They set a “buy” rating and a $42.00 price objective for the company. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.47.

Shares of NYSE:T opened at $35.14 on Monday. AT&T has a 1-year low of $32.55 and a 1-year high of $40.56. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.89. The firm has a market cap of $215,847.23, a PE ratio of 11.52, a P/E/G ratio of 2.42 and a beta of 0.39.

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

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

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AT&T 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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