AT&T Inc. (T) Shares Sold by CHICAGO TRUST Co NA
CHICAGO TRUST Co NA decreased its position in shares of AT&T Inc. (NYSE:T) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,187 shares of the technology company’s stock after selling 6,920 shares during the period. AT&T accounts for approximately 1.8% of CHICAGO TRUST Co NA’s portfolio, making the stock its 11th biggest holding. CHICAGO TRUST Co NA’s holdings in AT&T were worth $4,081,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its holdings in shares of AT&T by 4.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 22,357,627 shares of the technology company’s stock worth $928,960,000 after buying an additional 985,330 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in AT&T by 0.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,915,402 shares of the technology company’s stock valued at $744,385,000 after acquiring an additional 143,884 shares during the period. Great West Life Assurance Co. Can increased its position in AT&T by 0.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 8,314,812 shares of the technology company’s stock valued at $345,245,000 after acquiring an additional 62,384 shares during the period. State of Wisconsin Investment Board increased its position in AT&T by 11.0% in 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 acquiring an additional 597,735 shares during the period. Finally, Thomaspartners Inc. increased its position in AT&T by 9.0% in the 1st quarter. Thomaspartners Inc. now owns 5,712,904 shares of the technology company’s stock valued at $237,371,000 after acquiring an additional 470,906 shares during the period. 54.99% of the stock is currently owned by institutional investors.
Several research firms have commented on T. Barclays PLC reduced their price objective on AT&T from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, July 14th. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 target price on the stock. in a research note on Tuesday, September 26th. Royal Bank Of Canada reiterated a “hold” rating and issued a $42.00 target price on shares of AT&T in a research note on Sunday, July 9th. Bank of America Corporation lowered AT&T from a “buy” rating to a “neutral” rating and dropped their target price for the company from $46.00 to $39.00 in a report on Thursday, July 13th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $48.00 target price on shares of AT&T in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. AT&T has a consensus rating of “Hold” and a consensus target price of $43.87.
Shares of AT&T Inc. (T) traded up 0.140% during midday trading on Monday, reaching $39.225. The company’s stock had a trading volume of 8,145,333 shares. 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 is $37.58 and its 200 day moving average is $38.81. The stock has a market capitalization of $240.84 billion, a PE ratio of 18.433 and a beta of 0.49.
AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. During the same quarter in the previous year, the company posted $0.72 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. On average, analysts forecast that AT&T Inc. will post $2.94 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Friday, October 6th. AT&T’s dividend payout ratio is presently 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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