AT&T Inc. (T) Shares Sold by Douglass Winthrop Advisors LLC
Douglass Winthrop Advisors LLC reduced its stake in shares of AT&T Inc. (NYSE:T) by 1.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 256,672 shares of the technology company’s stock after selling 3,901 shares during the period. Douglass Winthrop Advisors LLC’s holdings in AT&T were worth $9,684,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of T. Ullmann Financial Group Inc. bought a new stake in shares of AT&T during the 1st quarter worth $101,000. Almanack Investment Partners LLC. bought a new stake in shares of AT&T during the 1st quarter worth $109,000. Sterling Investment Advisors Ltd. lifted its holdings in shares of AT&T by 289.1% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after acquiring an additional 2,024 shares during the last quarter. CKW Financial Group lifted its holdings in shares of AT&T by 83.9% during the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after acquiring an additional 1,724 shares during the last quarter. Finally, Asset Planning Services Ltd. lifted its holdings in shares of AT&T by 2.5% during the 2nd quarter. Asset Planning Services Ltd. now owns 4,273 shares of the technology company’s stock worth $161,000 after acquiring an additional 104 shares during the last quarter. 55.32% of the stock is owned by institutional investors.
Shares of AT&T Inc. (T) opened at $34.33 on Wednesday. AT&T Inc. has a 52 week low of $32.55 and a 52 week high of $43.03. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $210,750.00, a PE ratio of 11.78, a P/E/G ratio of 2.78 and a beta of 0.41.
AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The business had revenue of $39.67 billion for the quarter, compared to the consensus estimate of $40.34 billion. During the same period in the previous year, the firm earned $0.74 EPS. The company’s revenue was down 3.0% on a year-over-year basis. analysts expect that AT&T Inc. will post 2.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 5.71%. The ex-dividend date was Friday, October 6th. AT&T’s payout ratio is currently 94.23%.
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T has been the topic of a number of analyst reports. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 target price on the stock in a research report on Wednesday, August 16th. Nomura decreased their target price on shares of AT&T to $42.00 and set a “buy” rating on the stock in a research report on Tuesday. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 target price on shares of AT&T in a research report on Thursday, August 24th. Cowen and Company reiterated a “market perform” rating and issued a $41.00 target price (down previously from $43.00) on shares of AT&T in a research report on Wednesday, July 26th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of AT&T in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $43.41.
In other AT&T news, Director Matthew K. Rose acquired 29,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average price of $33.75 per share, with a total value of $999,000.00. Following the completion of the purchase, the director now directly owns 3,100 shares of the company’s stock, valued at approximately $104,625. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.
AT&T Company Profile
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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