Sigma Planning Corp Has $8.53 Million Position in AT&T Inc. (T)
Sigma Planning Corp boosted its holdings in AT&T Inc. (NYSE:T) by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 226,080 shares of the technology company’s stock after purchasing an additional 9,060 shares during the quarter. AT&T makes up 0.8% of Sigma Planning Corp’s portfolio, making the stock its 18th biggest holding. Sigma Planning Corp’s holdings in AT&T were worth $8,530,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. APG Asset Management N.V. grew its position in AT&T by 7.1% during the second quarter. APG Asset Management N.V. now owns 16,917,935 shares of the technology company’s stock valued at $638,314,000 after acquiring an additional 1,117,300 shares during the period. Achmea Investment Management B.V. purchased a new stake in AT&T during the first quarter valued at about $42,198,000. Schwab Charles Investment Management Inc. grew its position in AT&T by 4.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 23,368,641 shares of the technology company’s stock valued at $881,699,000 after acquiring an additional 1,011,014 shares during the period. Harbour Capital Advisors LLC grew its position in AT&T by 3,465.2% during the second quarter. Harbour Capital Advisors LLC now owns 883,674 shares of the technology company’s stock valued at $23,421,000 after acquiring an additional 858,888 shares during the period. Finally, Mn Services Vermogensbeheer B.V. grew its position in AT&T by 511.7% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 1,003,922 shares of the technology company’s stock valued at $37,878,000 after acquiring an additional 839,792 shares during the period. Hedge funds and other institutional investors own 55.04% of the company’s stock.
In related news, Director Matthew K. Rose purchased 29,600 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were acquired at an average cost of $33.75 per share, for a total transaction of $999,000.00. Following the transaction, the director now owns 3,100 shares of the company’s stock, valued at $104,625. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.09% of the stock is currently owned by corporate insiders.
Shares of AT&T Inc. (NYSE T) opened at $34.22 on Monday. AT&T Inc. has a one year low of $32.55 and a one year high of $43.03. The stock has a market capitalization of $210,076.59, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 2.76 and a beta of 0.42. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 1.23.
AT&T (NYSE:T) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). The firm had revenue of $39.67 billion for the quarter, compared to analyst estimates of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 EPS. equities research analysts expect that AT&T Inc. will post 2.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date of this dividend was Friday, October 6th. AT&T’s payout ratio is 94.69%.
T has been the subject of a number of research reports. Macquarie reissued a “buy” rating and set a $43.00 price target on shares of AT&T in a research report on Friday, September 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of AT&T in a research report on Thursday, August 24th. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 target price for the company. in a research report on Wednesday, July 26th. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, October 11th. Finally, Standpoint Research initiated coverage on AT&T in a research report on Wednesday, November 8th. They issued a “buy” rating and a $40.00 target price for the company. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $43.48.
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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