Schaper Benz & Wise Investment Counsel Inc. WI Trims Holdings in AT&T Inc. (NYSE:T)
Schaper Benz & Wise Investment Counsel Inc. WI trimmed its position in AT&T Inc. (NYSE:T) by 25.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,781 shares of the technology company’s stock after selling 1,947 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in AT&T were worth $219,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Ancora Advisors LLC raised its position in AT&T by 1.3% during the second quarter. Ancora Advisors LLC now owns 351,407 shares of the technology company’s stock valued at $11,776,000 after acquiring an additional 4,370 shares in the last quarter. Kavar Capital Partners LLC raised its position in AT&T by 3.0% during the second quarter. Kavar Capital Partners LLC now owns 99,006 shares of the technology company’s stock valued at $3,318,000 after acquiring an additional 2,914 shares in the last quarter. Investment Partners LTD. raised its position in AT&T by 36.5% during the second quarter. Investment Partners LTD. now owns 33,247 shares of the technology company’s stock valued at $1,114,000 after acquiring an additional 8,892 shares in the last quarter. JGP Wealth Management LLC raised its position in AT&T by 2.7% during the second quarter. JGP Wealth Management LLC now owns 130,198 shares of the technology company’s stock valued at $4,363,000 after acquiring an additional 3,373 shares in the last quarter. Finally, Marco Investment Management LLC raised its position in AT&T by 16.2% during the second quarter. Marco Investment Management LLC now owns 62,639 shares of the technology company’s stock valued at $2,099,000 after acquiring an additional 8,734 shares in the last quarter. Hedge funds and other institutional investors own 52.94% of the company’s stock.
T traded down $0.04 during trading on Friday, hitting $39.38. The company’s stock had a trading volume of 18,628,934 shares, compared to its average volume of 30,604,307. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. AT&T Inc. has a twelve month low of $26.80 and a twelve month high of $39.58. The business’s fifty day simple moving average is $37.83 and its 200 day simple moving average is $34.42. The firm has a market capitalization of $287.75 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 2.47 and a beta of 0.64.
The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date was Wednesday, October 9th. AT&T’s dividend payout ratio is presently 57.95%.
Several research analysts recently weighed in on T shares. Sanford C. Bernstein started coverage on AT&T in a research report on Tuesday, October 15th. They set a “market perform” rating and a $36.00 price target for the company. Cowen set a $40.00 price objective on AT&T and gave the company a “buy” rating in a report on Friday, September 6th. Bank of America reissued a “buy” rating on shares of AT&T in a report on Monday, September 9th. Credit Suisse Group raised AT&T from an “underperform” rating to a “neutral” rating and set a $29.00 price objective on the stock in a report on Thursday, July 25th. Finally, ValuEngine lowered AT&T from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. AT&T has an average rating of “Hold” and an average price target of $38.90.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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