Marsico Capital Management LLC Has $4.61 Million Position in AT&T Inc. (T)
Marsico Capital Management LLC cut its stake in shares of AT&T Inc. (NYSE:T) by 25.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,845 shares of the technology company’s stock after selling 38,342 shares during the period. Marsico Capital Management LLC’s holdings in AT&T were worth $4,606,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of T. Schwab Charles Investment Management Inc. raised its stake in shares of AT&T by 4.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 22,357,627 shares of the technology company’s stock worth $928,960,000 after buying an additional 985,330 shares in the last quarter. Stockman Wealth Management Inc. raised its stake in shares of AT&T by 4.5% in the first quarter. Stockman Wealth Management Inc. now owns 95,537 shares of the technology company’s stock worth $3,970,000 after buying an additional 4,121 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of AT&T by 20.9% in the first quarter. SRS Capital Advisors Inc. now owns 11,529 shares of the technology company’s stock worth $479,000 after buying an additional 1,991 shares in the last quarter. Good Life Advisors LLC raised its stake in shares of AT&T by 47.0% in the first quarter. Good Life Advisors LLC now owns 66,621 shares of the technology company’s stock worth $2,763,000 after buying an additional 21,296 shares in the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of AT&T by 6,099.1% in the first quarter. WINTON GROUP Ltd now owns 427,861 shares of the technology company’s stock worth $17,375,000 after buying an additional 420,959 shares in the last quarter. 55.28% of the stock is owned by institutional investors and hedge funds.
AT&T Inc. (NYSE:T) traded up 0.13% during mid-day trading on Thursday, hitting $38.41. The stock had a trading volume of 3,230,651 shares. The firm has a 50-day moving average of $37.57 and a 200-day moving average of $39.68. AT&T Inc. has a 52-week low of $35.81 and a 52-week high of $43.48. The stock has a market cap of $235.84 billion, a P/E ratio of 18.05 and a beta of 0.47.
AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion for the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.72 EPS. On average, analysts forecast that AT&T Inc. will post $2.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a $0.49 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.11%. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
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T has been the subject of a number of research analyst reports. Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $39.93 price target for the company in a research note on Wednesday, May 24th. Barclays PLC decreased their price target on AT&T from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, July 14th. Royal Bank Of Canada reissued a “hold” rating and set a $42.00 price target on shares of AT&T in a research note on Sunday, July 9th. Jefferies Group LLC reissued a “buy” rating and set a $48.00 price target on shares of AT&T in a research note on Wednesday, April 19th. Finally, ValuEngine lowered AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eleven have issued a buy rating to the company’s stock. AT&T presently has a consensus rating of “Hold” and a consensus price target 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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