Arjuna Capital Has $1.01 Million Position in AT&T Inc. (T)

Arjuna Capital boosted its position in shares of AT&T Inc. (NYSE:T) by 11.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,486 shares of the technology company’s stock after purchasing an additional 3,344 shares during the quarter. Arjuna Capital’s holdings in AT&T were worth $1,011,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wagner Bowman Management Corp boosted its holdings in shares of AT&T by 3.3% in the second quarter. Wagner Bowman Management Corp now owns 49,723 shares of the technology company’s stock valued at $1,596,000 after buying an additional 1,573 shares during the period. Tiedemann Advisors LLC boosted its holdings in shares of AT&T by 8.1% in the first quarter. Tiedemann Advisors LLC now owns 21,192 shares of the technology company’s stock valued at $754,000 after buying an additional 1,587 shares during the period. Vivaldi Capital Management LLC boosted its holdings in shares of AT&T by 19.4% in the first quarter. Vivaldi Capital Management LLC now owns 9,984 shares of the technology company’s stock valued at $356,000 after buying an additional 1,619 shares during the period. Versant Capital Management Inc boosted its holdings in shares of AT&T by 11.0% in the second quarter. Versant Capital Management Inc now owns 16,417 shares of the technology company’s stock valued at $527,000 after buying an additional 1,626 shares during the period. Finally, Capital Advantage Inc. boosted its holdings in shares of AT&T by 4.0% in the second quarter. Capital Advantage Inc. now owns 42,451 shares of the technology company’s stock valued at $1,363,000 after buying an additional 1,648 shares during the period. Hedge funds and other institutional investors own 64.63% of the company’s stock.

Several research analysts recently commented on the stock. Bank of America restated a “buy” rating on shares of AT&T in a report on Tuesday, August 21st. Morgan Stanley restated an “overweight” rating and set a $37.00 target price on shares of AT&T in a report on Wednesday, June 27th. Zacks Investment Research cut shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Credit Suisse Group assumed coverage on shares of AT&T in a report on Tuesday, July 10th. They set an “underperform” rating and a $29.00 target price for the company. Finally, Macquarie restated a “buy” rating and set a $35.00 target price on shares of AT&T in a report on Wednesday, September 12th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $37.82.

In other news, Director Piazza Samuel A. Jr. Di purchased 7,690 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were purchased at an average cost of $32.48 per share, with a total value of $249,771.20. Following the completion of the transaction, the director now owns 31,405 shares of the company’s stock, valued at approximately $1,020,034.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Matthew K. Rose purchased 65,500 shares of the company’s stock in a transaction on Thursday, July 26th. The shares were purchased at an average cost of $30.51 per share, for a total transaction of $1,998,405.00. Following the completion of the transaction, the director now directly owns 81,319 shares of the company’s stock, valued at approximately $2,481,042.69. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

NYSE T opened at $32.57 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 0.81. AT&T Inc. has a 1 year low of $30.13 and a 1 year high of $39.33. The firm has a market cap of $206.15 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 2.67 and a beta of 0.39.

AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.06. AT&T had a net margin of 20.12% and a return on equity of 13.64%. The firm had revenue of $38.99 billion for the quarter, compared to analyst estimates of $38.45 billion. During the same period in the prior year, the firm posted $0.79 earnings per share. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. Equities research analysts anticipate that AT&T Inc. will post 3.52 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Wednesday, October 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.14%. The ex-dividend date is Tuesday, October 9th. AT&T’s dividend payout ratio (DPR) is currently 65.57%.

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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