MEMBERS Trust Co Takes Position in AT&T Inc. (T)
MEMBERS Trust Co bought a new position in shares of AT&T Inc. (NYSE:T) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 56,545 shares of the technology company’s stock, valued at approximately $2,350,000. AT&T comprises about 0.1% of MEMBERS Trust Co’s holdings, making the stock its 18th largest position.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in AT&T during the fourth quarter worth about $2,416,759,000. Schwab Charles Investment Management Inc. boosted its position in 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. Macquarie Group Ltd. boosted its position in AT&T by 6.1% in the fourth quarter. Macquarie Group Ltd. now owns 19,837,884 shares of the technology company’s stock worth $843,705,000 after buying an additional 1,139,382 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in AT&T by 0.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,915,402 shares of the technology company’s stock worth $744,385,000 after buying an additional 143,884 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in AT&T by 26.5% in the fourth quarter. Teachers Advisors LLC now owns 13,610,660 shares of the technology company’s stock worth $578,861,000 after buying an additional 2,849,017 shares in the last quarter. Hedge funds and other institutional investors own 55.28% of the company’s stock.
Shares of AT&T Inc. (NYSE T) traded up 0.26% during trading on Friday, hitting $38.29. The stock had a trading volume of 3,278,882 shares. The firm has a 50 day moving average price of $37.57 and a 200-day moving average price of $39.67. AT&T Inc. has a 52 week low of $35.81 and a 52 week high of $43.46. The stock has a market capitalization of $235.10 billion, a price-to-earnings ratio of 17.99 and a beta of 0.47.
AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.05. The business had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, equities research analysts forecast that AT&T Inc. will post $2.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend was Thursday, July 6th. AT&T’s payout ratio is 92.45%.
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Several analysts have recently weighed in on the company. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $39.93 price target on the stock in a report on Wednesday, May 24th. Barclays PLC reduced their price target 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. Royal Bank Of Canada restated a “hold” rating and set a $42.00 price target on shares of AT&T in a report on Sunday, July 9th. Jefferies Group LLC restated a “buy” rating and set a $48.00 price target on shares of AT&T in a report on Wednesday, April 19th. Finally, ValuEngine cut AT&T from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.50.
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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