Apriem Advisors Has $9.14 Million Position in AT&T Inc. (T)
Apriem Advisors increased its stake in AT&T Inc. (NYSE:T) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 242,207 shares of the technology company’s stock after purchasing an additional 7,658 shares during the period. AT&T makes up 2.4% of Apriem Advisors’ holdings, making the stock its 8th biggest holding. Apriem Advisors’ holdings in AT&T were worth $9,138,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. First Eagle Investment Management LLC bought a new position in AT&T in the second quarter valued at about $65,056,000. State of Wisconsin Investment Board grew its position in AT&T by 22.8% in the second quarter. State of Wisconsin Investment Board now owns 7,432,813 shares of the technology company’s stock valued at $280,440,000 after acquiring an additional 1,380,930 shares during the last quarter. APG Asset Management N.V. grew its position in AT&T by 7.1% in the second quarter. APG Asset Management N.V. now owns 16,917,935 shares of the technology company’s stock valued at $638,314,000 after acquiring an additional 1,117,300 shares during the last quarter. Achmea Investment Management B.V. bought a new position in AT&T in the first quarter valued at about $42,198,000. Finally, Schwab Charles Investment Management Inc. grew its position in AT&T by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 23,368,641 shares of the technology company’s stock valued at $881,699,000 after acquiring an additional 1,011,014 shares during the last quarter. Institutional investors own 55.32% of the company’s stock.
AT&T Inc. (NYSE T) traded down $0.10 during trading on Monday, hitting $34.71. The company had a trading volume of 14,473,288 shares, compared to its average volume of 24,684,691. 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 firm has a market capitalization of $212,990.00, a price-to-earnings ratio of 11.88, a P/E/G ratio of 2.81 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 posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). The company had revenue of $39.67 billion during the quarter, compared to analyst estimates of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. AT&T’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. analysts predict that AT&T Inc. will post 2.93 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date was Friday, October 6th. AT&T’s dividend payout ratio is currently 94.23%.
A number of research analysts have issued reports on the company. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 target price on the stock in a research report on Wednesday, August 16th. Moffett Nathanson restated a “neutral” rating on shares of AT&T in a report on Monday, October 16th. Morgan Stanley boosted their price target on AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 27th. Macquarie restated a “buy” rating and set a $43.00 price target on shares of AT&T in a report on Friday, September 1st. Finally, Jefferies Group LLC restated a “buy” rating and set a $48.00 price target on shares of AT&T in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. AT&T currently has an average rating of “Hold” and an average price target of $43.41.
In related news, Director Matthew K. Rose acquired 29,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were bought at an average cost of $33.75 per share, with a total value of $999,000.00. Following the completion of the purchase, the director now directly owns 3,100 shares in the company, valued at $104,625. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by insiders.
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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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