HL Financial Services LLC Has $22.66 Million Position in AT&T Inc. (T)
HL Financial Services LLC boosted its holdings in AT&T Inc. (NYSE:T) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 600,602 shares of the technology company’s stock after acquiring an additional 11,122 shares during the quarter. HL Financial Services LLC’s holdings in AT&T were worth $22,661,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in T. APG Asset Management N.V. lifted its holdings in shares of AT&T by 7.1% during the 2nd quarter. APG Asset Management N.V. now owns 16,917,935 shares of the technology company’s stock valued at $638,314,000 after buying an additional 1,117,300 shares during the period. Achmea Investment Management B.V. bought a new position in shares of AT&T during the 1st quarter valued at $42,198,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of AT&T by 4.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 22,357,627 shares of the technology company’s stock valued at $928,960,000 after buying an additional 985,330 shares during the period. Harbour Capital Advisors LLC lifted its holdings in shares of AT&T by 3,465.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 883,674 shares of the technology company’s stock valued at $23,421,000 after buying an additional 858,888 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in shares of AT&T by 511.7% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 1,003,922 shares of the technology company’s stock valued at $37,878,000 after buying an additional 839,792 shares during the period. 55.08% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on T shares. Zacks Investment Research cut AT&T from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Barclays PLC decreased their target price on AT&T from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, July 14th. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 target price on the stock. in a report on Tuesday, September 26th. Deutsche Bank AG decreased their target price on AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a report on Wednesday, October 25th. Finally, Moffett Nathanson reaffirmed a “neutral” rating on shares of AT&T in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, seven have assigned 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 a consensus price target of $42.87.
In other news, Director Matthew K. Rose acquired 29,600 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was purchased 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 directly owns 3,100 shares in the company, valued at approximately $104,625. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.09% of the company’s stock.
AT&T Inc. (NYSE T) opened at $33.30 on Friday. The firm has a market capitalization of $204,428.70, a PE ratio of 11.37, a PEG ratio of 2.68 and a beta of 0.42. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 1.23. AT&T Inc. has a 12-month low of $32.93 and a 12-month high of $43.03.
AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). The firm had revenue of $39.67 billion for the quarter, compared to analysts’ expectations of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. sell-side analysts forecast 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 given a dividend of $0.49 per share. The ex-dividend date was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.89%. AT&T’s payout ratio is 94.69%.
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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