AT&T Inc. (NYSE:T) Shares Sold by Aperio Group LLC
Aperio Group LLC decreased its stake in AT&T Inc. (NYSE:T) by 6.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,395,356 shares of the technology company’s stock after selling 242,262 shares during the period. AT&T makes up approximately 0.8% of Aperio Group LLC’s portfolio, making the stock its 12th largest position. Aperio Group LLC’s holdings in AT&T were worth $128,107,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the company. Taylor Wealth Management Partners raised its stake in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after buying an additional 11 shares in the last quarter. Cornerstone Investment Partners LLC raised its stake in shares of AT&T by 0.3% in the first quarter. Cornerstone Investment Partners LLC now owns 9,584 shares of the technology company’s stock valued at $398,000 after buying an additional 30 shares in the last quarter. Cedar Wealth Management LLC raised its stake in shares of AT&T by 0.9% in the first quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock valued at $228,000 after buying an additional 50 shares in the last quarter. Lathrop Investment Management Corp raised its stake in shares of AT&T by 0.3% in the first quarter. Lathrop Investment Management Corp now owns 24,960 shares of the technology company’s stock valued at $1,037,000 after buying an additional 73 shares in the last quarter. Finally, Headinvest LLC raised its stake in shares of AT&T by 0.3% in the second quarter. Headinvest LLC now owns 28,069 shares of the technology company’s stock valued at $1,059,000 after buying an additional 74 shares in the last quarter. Institutional investors own 55.28% of the company’s stock.
AT&T Inc. (NYSE:T) traded down 0.10% on Thursday, reaching $38.32. The company’s stock had a trading volume of 6,616,586 shares. AT&T Inc. has a 52 week low of $35.81 and a 52 week high of $43.48. The firm has a market capitalization of $235.28 billion, a PE ratio of 18.01 and a beta of 0.47. The stock’s 50 day moving average is $37.57 and its 200-day moving average is $39.68.
AT&T (NYSE:T) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Analysts predict that AT&T Inc. will post $2.95 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.96 annualized dividend and a yield of 5.11%. AT&T’s dividend payout ratio is 92.45%.
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A number of research firms have recently issued reports on T. Royal Bank Of Canada set a $42.00 target price on AT&T and gave the company a “hold” rating in a research note on Saturday, May 20th. Moffett Nathanson upgraded AT&T from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 30th. They noted that the move was a valuation call. Vetr lowered AT&T from a “buy” rating to a “hold” rating and set a $38.92 target price for the company. in a research note on Monday, May 22nd. Cowen and Company reiterated a “market perform” rating and issued a $41.00 target price (down previously from $43.00) on shares of AT&T in a research note on Wednesday, July 26th. Finally, SunTrust Banks, Inc. began coverage on AT&T in a research note on Tuesday, April 18th. They issued a “hold” rating and a $40.00 target price for the company. One research analyst has rated the stock with a sell rating, twenty have given a hold rating and eleven have given a buy rating to the company’s stock. AT&T presently has a consensus rating of “Hold” and a consensus target price of $43.40.
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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