AT&T Inc. (T) Shares Bought by Arrow Financial Corp
Arrow Financial Corp raised its position in shares of AT&T Inc. (NYSE:T) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,660 shares of the technology company’s stock after buying an additional 318 shares during the period. Arrow Financial Corp’s holdings in AT&T were worth $968,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Holderness Investments Co. boosted its holdings in AT&T by 62.9% in the first quarter. Holderness Investments Co. now owns 96,452 shares of the technology company’s stock valued at $4,008,000 after purchasing an additional 37,234 shares during the period. Doyle Wealth Management boosted its holdings in AT&T by 4.3% in the second quarter. Doyle Wealth Management now owns 37,561 shares of the technology company’s stock valued at $1,417,000 after purchasing an additional 1,559 shares during the period. Telos Capital Management Inc. boosted its holdings in AT&T by 4.8% in the second quarter. Telos Capital Management Inc. now owns 69,994 shares of the technology company’s stock valued at $2,641,000 after purchasing an additional 3,197 shares during the period. Altfest L J & Co. Inc. boosted its holdings in AT&T by 42.1% in the second quarter. Altfest L J & Co. Inc. now owns 45,618 shares of the technology company’s stock valued at $1,721,000 after purchasing an additional 13,510 shares during the period. Finally, Ingalls & Snyder LLC boosted its holdings in AT&T by 2.3% in the second quarter. Ingalls & Snyder LLC now owns 460,224 shares of the technology company’s stock valued at $17,364,000 after purchasing an additional 10,305 shares during the period. Institutional investors and hedge funds own 55.04% of the company’s stock.
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In other AT&T news, Director Matthew K. Rose purchased 29,600 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was bought at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the acquisition, the director now owns 3,100 shares of the company’s stock, valued at approximately $104,625. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.
Shares of AT&T Inc. (T) opened at $32.86 on Tuesday. AT&T Inc. has a 52 week low of $32.58 and a 52 week high of $43.03. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $200,130.00, a P/E ratio of 11.36, a P/E/G ratio of 2.68 and a beta of 0.41.
AT&T (NYSE:T) last posted 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). The company had revenue of $39.67 billion during the quarter, compared to analysts’ expectations of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. AT&T’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 EPS. equities analysts forecast that AT&T Inc. will post 2.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a $0.49 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.96 annualized dividend and a yield of 5.96%. AT&T’s dividend payout ratio (DPR) is presently 94.23%.
A number of research firms recently issued reports on T. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $36.00 target price on shares of AT&T in a report on Friday, October 27th. Deutsche Bank AG decreased their target price on AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a report on Wednesday, October 25th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of AT&T in a report on Wednesday, October 25th. Finally, Robert W. Baird decreased their target price on AT&T from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $42.87.
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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