AT&T Inc. (T) Position Trimmed by Evercore Trust Company N.A.
Evercore Trust Company N.A. decreased its holdings in shares of AT&T Inc. (NYSE:T) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,114,951 shares of the technology company’s stock after selling 622,556 shares during the quarter. AT&T makes up approximately 24.2% of Evercore Trust Company N.A.’s holdings, making the stock its biggest holding. Evercore Trust Company N.A. owned 3.42% of AT&T worth $7,927,637,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Eagle Investment Management LLC acquired a new position in shares of AT&T during the second quarter valued at approximately $65,056,000. State of Wisconsin Investment Board increased its stake in shares of AT&T by 22.8% during 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 period. APG Asset Management N.V. increased its stake in shares of AT&T by 7.1% during 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 period. Achmea Investment Management B.V. acquired a new position in shares of AT&T during the first quarter valued at approximately $42,198,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of AT&T by 4.5% during 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 period. Hedge funds and other institutional investors own 55.32% of the company’s stock.
In related news, Director Matthew K. Rose bought 29,600 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was bought at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the transaction, the director now directly owns 3,100 shares in the company, valued at $104,625. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.
AT&T Inc. (NYSE:T) traded down $0.06 during mid-day trading on Friday, reaching $34.81. 9,203,078 shares of the company’s stock were exchanged, compared to its average volume of 42,315,776. AT&T Inc. has a 12 month low of $32.55 and a 12 month high of $43.03. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. The stock has a market cap of $214,066.92, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 2.81 and a beta of 0.42.
AT&T (NYSE:T) last released its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The company had revenue of $39.67 billion during the quarter, compared to analysts’ expectations of $40.34 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. analysts expect that AT&T Inc. will post 2.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were given a $0.49 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.63%. AT&T’s payout ratio is 94.69%.
T has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of AT&T from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Vetr lowered shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price objective on the stock. in a research note on Tuesday, September 26th. Deutsche Bank AG reduced their target price on shares of AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a report on Wednesday, October 25th. Moffett Nathanson restated a “neutral” rating on shares of AT&T in a report on Monday, October 16th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $36.00 target price on shares of AT&T in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.41.
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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