Macnealy Hoover Investment Management Inc. Acquires 500 Shares of AT&T Inc. (T)
Macnealy Hoover Investment Management Inc. raised its stake in shares of AT&T Inc. (NYSE:T) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,240 shares of the technology company’s stock after buying an additional 500 shares during the period. Macnealy Hoover Investment Management Inc.’s holdings in AT&T were worth $914,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Guggenheim Capital LLC raised its stake in AT&T by 5.1% in the fourth quarter. Guggenheim Capital LLC now owns 2,689,906 shares of the technology company’s stock valued at $114,401,000 after buying an additional 131,629 shares during the last quarter. RMB Capital Management LLC raised its position in AT&T by 210.3% in the fourth quarter. RMB Capital Management LLC now owns 36,135 shares of the technology company’s stock valued at $1,537,000 after buying an additional 24,491 shares in the last quarter. Shell Asset Management Co. raised its position in AT&T by 0.4% in the first quarter. Shell Asset Management Co. now owns 1,245,965 shares of the technology company’s stock valued at $51,770,000 after buying an additional 5,354 shares in the last quarter. Bridgeworth LLC purchased a new position in AT&T during the fourth quarter valued at approximately $4,687,000. Finally, HighPoint Advisor Group LLC raised its position in AT&T by 4.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 358,021 shares of the technology company’s stock valued at $15,051,000 after buying an additional 15,867 shares in the last quarter. Hedge funds and other institutional investors own 55.28% of the company’s stock.
AT&T Inc. (NYSE:T) traded down 0.0492% during mid-day trading on Friday, reaching $38.1712. 5,691,799 shares of the company’s stock were exchanged. AT&T Inc. has a 52 week low of $35.81 and a 52 week high of $43.46. The stock has a 50-day moving average price of $37.57 and a 200-day moving average price of $39.67. The stock has a market cap of $234.37 billion, a P/E ratio of 17.9376 and a beta of 0.47.
AT&T (NYSE:T) last issued its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. During the same quarter last year, the business earned $0.72 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. On average, analysts forecast that AT&T Inc. will post $2.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 5.13%. The ex-dividend date was Thursday, July 6th. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
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Several equities analysts have recently commented on T shares. Royal Bank Of Canada restated a “hold” rating and set a $42.00 price target on shares of AT&T in a research report on Sunday, July 9th. Tigress Financial upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 9th. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price target for the company in a research report on Monday, July 10th. Jefferies Group LLC restated a “buy” rating and set a $48.00 price target on shares of AT&T in a research report on Wednesday, April 19th. Finally, Zacks Investment Research lowered shares of AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, twenty have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.50.
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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