Connecticut Wealth Management LLC Has $763,000 Position in AT&T Inc. (T)
Connecticut Wealth Management LLC trimmed its stake in shares of AT&T Inc. (NYSE:T) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,717 shares of the technology company’s stock after selling 799 shares during the period. AT&T comprises 0.5% of Connecticut Wealth Management LLC’s holdings, making the stock its 27th largest position. Connecticut Wealth Management LLC’s holdings in AT&T were worth $763,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of T. Ferguson Wellman Capital Management Inc. boosted its position in AT&T by 2.8% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 354,407 shares of the technology company’s stock worth $14,725,000 after purchasing an additional 9,667 shares in the last quarter. Nicolet Bankshares Inc. boosted its position in AT&T by 14.1% during the first quarter. Nicolet Bankshares Inc. now owns 22,148 shares of the technology company’s stock worth $920,000 after purchasing an additional 2,745 shares in the last quarter. Guardian Investment Management boosted its position in AT&T by 6.0% during the first quarter. Guardian Investment Management now owns 124,747 shares of the technology company’s stock worth $5,183,000 after purchasing an additional 7,085 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in AT&T by 2.6% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 164,130 shares of the technology company’s stock worth $6,376,000 after purchasing an additional 4,193 shares in the last quarter. Finally, Taylor Wealth Management Partners boosted its position in AT&T by 0.4% during the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 55.04% of the company’s stock.
T has been the topic of a number of recent analyst reports. SunTrust Banks, Inc. reiterated a “hold” rating and set a $36.00 price target on shares of AT&T in a research report on Friday, October 27th. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, October 11th. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 target price on the stock in a research report on Monday, October 16th. Macquarie restated a “buy” rating and issued a $43.00 target price on shares of AT&T in a research report on Friday, September 1st. Finally, KeyCorp restated a “hold” rating on shares of AT&T in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $42.87.
In other news, Director Matthew K. Rose acquired 29,600 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was acquired at an average cost of $33.75 per share, with a total value of $999,000.00. Following the completion of the purchase, the director now owns 3,100 shares of the company’s stock, valued at approximately $104,625. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.
Shares of AT&T Inc. (NYSE T) opened at $32.86 on Tuesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.12 and a current ratio of 1.60. The stock has a market capitalization of $200,130.00, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 2.68 and a beta of 0.41. AT&T Inc. has a one year low of $32.58 and a one year high of $43.03.
AT&T (NYSE:T) last posted its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share (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 analyst estimates of $40.34 billion. During the same period last year, the business earned $0.74 EPS. AT&T’s revenue was down 3.0% compared to the same quarter last year. equities analysts expect that AT&T Inc. will post 2.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a $0.49 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.96%. AT&T’s payout ratio is presently 94.23%.
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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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