AT&T Inc. (T) Shares Bought by Private Vista LLC
Private Vista LLC raised its stake in AT&T Inc. (NYSE:T) by 100.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,314 shares of the technology company’s stock after purchasing an additional 22,672 shares during the quarter. AT&T comprises approximately 0.5% of Private Vista LLC’s holdings, making the stock its 28th biggest holding. Private Vista LLC’s holdings in AT&T were worth $1,615,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Earnest Partners LLC acquired a new position in shares of AT&T during the 4th quarter valued at $113,000. Braun Bostich & Associates Inc. acquired a new position in shares of AT&T during the 1st quarter valued at $137,000. Taylor Hoffman Wealth Management acquired a new position in shares of AT&T during the 4th quarter valued at $189,000. Elmwood Wealth Management Inc. acquired a new position in shares of AT&T during the 1st quarter valued at $178,000. Finally, Kendall Capital Management acquired a new position in shares of AT&T during the 4th quarter valued at $203,000. Institutional investors own 58.92% of the company’s stock.
T opened at $32.64 on Friday. The stock has a market capitalization of $205.04 billion, a PE ratio of 10.70, a P/E/G ratio of 2.65 and a beta of 0.43. AT&T Inc. has a 1-year low of $30.13 and a 1-year high of $39.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.92.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 1st. Stockholders of record on Tuesday, July 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.13%. The ex-dividend date was Monday, July 9th. AT&T’s payout ratio is currently 65.57%.
In other AT&T news, Director Piazza Samuel A. Jr. Di acquired 7,690 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was acquired at an average price of $32.48 per share, with a total value of $249,771.20. Following the transaction, the director now directly owns 31,405 shares in the company, valued at $1,020,034.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Matthew K. Rose acquired 65,500 shares of the stock in a transaction that occurred on Thursday, July 26th. The shares were acquired at an average cost of $30.51 per share, with a total value of $1,998,405.00. Following the transaction, the director now owns 81,319 shares in the company, valued at $2,481,042.69. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by insiders.
Several equities research analysts recently issued reports on the stock. Bank of America reaffirmed a “buy” rating on shares of AT&T in a research note on Tuesday. Wells Fargo & Co downgraded shares of AT&T from an “outperform” rating to a “market perform” rating and set a $40.00 price target on the stock. in a research note on Wednesday. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Tuesday, July 24th. Scotiabank set a $33.00 price target on shares of AT&T and gave the stock a “hold” rating in a research note on Monday, July 23rd. Finally, Raymond James downgraded shares of AT&T from an “outperform” rating to a “market perform” rating and set a $31.75 price target on the stock. in a research note on Friday, July 13th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.21.
AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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