Milestone Group Inc. Has $907,000 Position in AT&T Inc. (T)
Milestone Group Inc. trimmed its stake in shares of AT&T Inc. (NYSE:T) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,028 shares of the technology company’s stock after selling 1,902 shares during the quarter. Milestone Group Inc.’s holdings in AT&T were worth $907,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Holderness Investments Co. increased its stake in AT&T by 62.9% in the 1st quarter. Holderness Investments Co. now owns 96,452 shares of the technology company’s stock worth $4,008,000 after acquiring an additional 37,234 shares during the last quarter. Doyle Wealth Management increased its stake in AT&T by 4.3% in the 2nd quarter. Doyle Wealth Management now owns 37,561 shares of the technology company’s stock worth $1,417,000 after acquiring an additional 1,559 shares during the last quarter. Altfest L J & Co. Inc. increased its stake in AT&T by 42.1% in the 2nd quarter. Altfest L J & Co. Inc. now owns 45,618 shares of the technology company’s stock worth $1,721,000 after acquiring an additional 13,510 shares during the last quarter. Shell Asset Management Co. increased its stake in AT&T by 0.4% in the 1st quarter. Shell Asset Management Co. now owns 1,245,965 shares of the technology company’s stock worth $51,770,000 after acquiring an additional 5,354 shares during the last quarter. Finally, Mascoma Wealth Management LLC increased its stake in AT&T by 215.1% in the 2nd quarter. Mascoma Wealth Management LLC now owns 38,648 shares of the technology company’s stock worth $1,458,000 after acquiring an additional 26,383 shares during the last quarter. Institutional investors own 54.97% of the company’s stock.
A number of equities analysts have weighed in on the company. Macquarie restated a “buy” rating and issued a $43.00 target price on shares of AT&T in a research note on Friday, September 1st. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $44.24 target price on the stock in a research note on Thursday, September 28th. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. KeyCorp restated a “hold” rating on shares of AT&T in a research note on Wednesday, October 11th. Finally, Cowen and Company restated a “market perform” rating and issued a $41.00 target price (down from $43.00) on shares of AT&T in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, twenty have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.57.
Shares of AT&T Inc. (NYSE T) opened at 35.69 on Friday. The firm has a 50-day moving average price of $37.54 and a 200 day moving average price of $38.24. The stock has a market cap of $219.14 billion, a PE ratio of 16.77 and a beta of 0.49. AT&T Inc. has a 12-month low of $35.10 and a 12-month high of $43.03.
AT&T (NYSE:T) last announced its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts expect that AT&T Inc. will post $2.94 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.49%. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
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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