AT&T Inc. (T) Position Boosted by Chesley Taft & Associates LLC
Chesley Taft & Associates LLC boosted its stake in AT&T Inc. (NYSE:T) by 4.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,109 shares of the technology company’s stock after buying an additional 5,093 shares during the period. Chesley Taft & Associates LLC’s holdings in AT&T were worth $4,569,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in T. Achmea Investment Management B.V. bought a new position in AT&T in the 1st quarter valued at about $42,198,000. Schwab Charles Investment Management Inc. boosted its position in shares of AT&T by 4.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 22,357,627 shares of the technology company’s stock valued at $928,960,000 after purchasing an additional 985,330 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of AT&T during the 1st quarter valued at about $25,127,000. State of Wisconsin Investment Board boosted its position in shares of AT&T by 11.0% during the 1st quarter. State of Wisconsin Investment Board now owns 6,051,883 shares of the technology company’s stock valued at $251,456,000 after purchasing an additional 597,735 shares in the last quarter. Finally, Thomaspartners Inc. boosted its position in shares of AT&T by 9.0% during the 1st quarter. Thomaspartners Inc. now owns 5,712,904 shares of the technology company’s stock valued at $237,371,000 after purchasing an additional 470,906 shares in the last quarter. Hedge funds and other institutional investors own 54.99% of the company’s stock.
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Several research firms have recently weighed in on T. Vetr lowered shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price objective for the company. in a research report on Friday. Morgan Stanley raised their price objective on shares of AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 27th. Robert W. Baird restated an “outperform” rating and set a $43.00 price objective on shares of AT&T in a research report on Thursday, September 21st. Macquarie restated a “buy” rating and set a $43.00 price objective on shares of AT&T in a research report on Friday, September 1st. Finally, Jefferies Group LLC restated a “buy” rating and set a $48.00 price objective on shares of AT&T in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $43.87.
Shares of AT&T Inc. (NYSE T) traded down 1.10% during trading on Friday, reaching $38.59. 22,431,894 shares of the company traded hands. AT&T Inc. has a 12 month low of $35.10 and a 12 month high of $43.03. The stock’s 50 day moving average price is $37.82 and its 200-day moving average price is $38.56. The stock has a market cap of $236.94 billion, a P/E ratio of 18.13 and a beta of 0.49. AT&T also saw unusually large options trading activity on Thursday. Stock investors acquired 294,492 call options on the stock. This is an increase of 654% compared to the typical volume of 39,059 call options.
AT&T (NYSE:T) last issued its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. On average, equities research analysts expect that AT&T Inc. will post $2.94 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.08%. AT&T’s dividend payout ratio is currently 92.45%.
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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