AT&T Inc. (T) Shares Bought by Perkins Capital Management Inc.
Perkins Capital Management Inc. lifted its holdings in shares of AT&T Inc. (NYSE:T) by 7.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,312 shares of the technology company’s stock after acquiring an additional 2,250 shares during the quarter. AT&T accounts for about 1.4% of Perkins Capital Management Inc.’s holdings, making the stock its 18th largest position. Perkins Capital Management Inc.’s holdings in AT&T were worth $1,219,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of T. Ullmann Financial Group Inc. purchased a new stake in shares of AT&T during the first quarter valued at approximately $101,000. Feltz Wealth PLAN Inc. purchased a new stake in shares of AT&T during the first quarter valued at approximately $104,000. Taylor Wealth Management Partners increased its position in shares of AT&T by 0.4% during the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after acquiring an additional 11 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of AT&T during the first quarter valued at approximately $109,000. Finally, Sterling Investment Advisors Ltd. increased its position in shares of AT&T by 289.1% during the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after acquiring an additional 2,024 shares during the last quarter. 54.99% of the stock is owned by institutional investors.
Shares of AT&T Inc. (T) opened at 38.59 on Friday. AT&T Inc. has a 52 week low of $35.10 and a 52 week high of $43.03. The firm’s 50-day moving average price is $37.82 and its 200 day moving average price is $38.56. The company has a market cap of $236.94 billion, a price-to-earnings ratio of 18.13 and a beta of 0.49. AT&T also was the target of some unusual options trading activity on Thursday. Stock traders bought 294,492 call options on the stock. This is an increase of approximately 654% compared to the average daily volume of 39,059 call options.
AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The business had revenue of $39.84 billion during the quarter, compared to the consensus estimate of $39.84 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The business’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts forecast that AT&T Inc. will post $2.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Friday, October 6th. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
A number of research firms have issued reports on T. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 target price for the company. in a research report on Friday. Morgan Stanley raised their target price on AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 27th. BidaskClub raised AT&T from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Robert W. Baird reissued an “outperform” rating and issued a $43.00 target price on shares of AT&T in a research report on Thursday, September 21st. Finally, Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $43.87.
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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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