AT&T Inc. (T) Stake Lessened by Capital Investment Counsel Inc
Capital Investment Counsel Inc lessened its stake in shares of AT&T Inc. (NYSE:T) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,496 shares of the technology company’s stock after selling 1,399 shares during the quarter. Capital Investment Counsel Inc’s holdings in AT&T were worth $1,339,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Loudon Investment Management LLC boosted its holdings in shares of AT&T by 1.2% during the 2nd quarter. Loudon Investment Management LLC now owns 95,412 shares of the technology company’s stock valued at $3,600,000 after acquiring an additional 1,160 shares during the last quarter. Nippon Life Insurance Co. boosted its holdings in shares of AT&T by 23.5% in the second quarter. Nippon Life Insurance Co. now owns 256,726 shares of the technology company’s stock worth $9,686,000 after buying an additional 48,894 shares during the last quarter. First Eagle Investment Management LLC purchased a new position in shares of AT&T in the second quarter worth approximately $65,056,000. KBC Group NV boosted its holdings in shares of AT&T by 23.8% in the second quarter. KBC Group NV now owns 1,420,873 shares of the technology company’s stock worth $53,610,000 after buying an additional 273,604 shares during the last quarter. Finally, First Personal Financial Services boosted its holdings in shares of AT&T by 18.8% in the second quarter. First Personal Financial Services now owns 18,365 shares of the technology company’s stock worth $693,000 after buying an additional 2,905 shares during the last quarter. 55.32% of the stock is currently owned by hedge funds and other institutional investors.
In other AT&T news, Director Matthew K. Rose purchased 29,600 shares of AT&T stock in a transaction that occurred on Wednesday, October 25th. The shares were bought at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the completion of the transaction, the director now owns 3,100 shares of the company’s stock, valued at approximately $104,625. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) opened at $34.87 on Thursday. AT&T Inc. has a 1 year low of $32.55 and a 1 year high of $43.03. The firm has a market cap of $214,070.00, a price-to-earnings ratio of 11.82, a P/E/G ratio of 2.79 and a beta of 0.41. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60.
AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share 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 during the quarter, compared to the consensus estimate of $40.34 billion. During the same quarter in the prior year, the firm posted $0.74 EPS. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. analysts forecast that AT&T Inc. will post 2.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 5.62%. The ex-dividend date was Friday, October 6th. AT&T’s dividend payout ratio is presently 94.23%.
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A number of equities analysts recently issued reports on T shares. Macquarie reissued a “buy” rating and issued a $43.00 price objective on shares of AT&T in a report on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price objective on shares of AT&T in a report on Thursday, August 24th. Vetr downgraded shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 price objective on the stock. in a report on Wednesday, July 26th. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, October 11th. Finally, Standpoint Research started coverage on shares of AT&T in a report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten 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 an average price target of $43.41.
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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