AT&T Inc. (T) Stake Maintained by Brave Warrior Advisors LLC
Brave Warrior Advisors LLC continued to hold its position in AT&T Inc. (NYSE:T) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,994 shares of the technology company’s stock at the end of the first quarter. AT&T comprises about 0.0% of Brave Warrior Advisors LLC’s portfolio, making the stock its 16th largest position. Brave Warrior Advisors LLC’s holdings in AT&T were worth $208,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in T. Feltz Wealth PLAN Inc. bought a new stake in shares of AT&T during the first quarter worth $104,000. Taylor Wealth Management Partners raised its stake in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after buying an additional 11 shares during the last quarter. Asset Planning Services Ltd. raised its stake in shares of AT&T by 26.6% in the first quarter. Asset Planning Services Ltd. now owns 4,169 shares of the technology company’s stock worth $173,000 after buying an additional 877 shares during the last quarter. Israel Discount Bank of New York GFN bought a new stake in shares of AT&T during the fourth quarter worth $196,000. Finally, Toth Financial Advisory Corp bought a new stake in shares of AT&T during the first quarter worth $214,000. Hedge funds and other institutional investors own 55.28% of the company’s stock.
AT&T Inc. (NYSE T) traded up 0.36% on Thursday, hitting $38.50. 2,641,263 shares of the stock traded hands. AT&T Inc. has a 12 month low of $35.81 and a 12 month high of $43.48. The company has a market capitalization of $236.39 billion, a PE ratio of 18.09 and a beta of 0.47. The firm has a 50-day moving average price of $37.57 and a 200-day moving average price of $39.68.
AT&T (NYSE:T) last released its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. AT&T’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. Analysts forecast that AT&T Inc. will post $2.95 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date was Thursday, July 6th. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
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A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada set a $42.00 target price on shares of AT&T and gave the company a “hold” rating in a research note on Saturday, May 20th. Moffett Nathanson raised shares of AT&T from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 30th. They noted that the move was a valuation call. Vetr lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $38.92 target price on the stock. in a research note on Monday, May 22nd. Cowen and Company reaffirmed a “market perform” rating and set a $41.00 target price (down previously from $43.00) on shares of AT&T in a research note on Wednesday, July 26th. Finally, SunTrust Banks, Inc. assumed coverage on shares of AT&T in a research note on Tuesday, April 18th. They set a “hold” rating and a $40.00 target price on the stock. One analyst has rated the stock with a sell rating, twenty have given a hold rating and eleven have issued a buy rating to the company. AT&T currently has an average rating of “Hold” and an average target price of $43.40.
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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