Verity & Verity LLC Has $6.76 Million Stake in AT&T Inc. (T)
Verity & Verity LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,637 shares of the technology company’s stock after buying an additional 6,623 shares during the quarter. AT&T comprises 2.0% of Verity & Verity LLC’s portfolio, making the stock its 20th biggest position. Verity & Verity LLC’s holdings in AT&T were worth $6,762,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of AT&T by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after purchasing an additional 9,053,649 shares during the period. BlackRock Inc. grew its position in shares of AT&T by 1.1% in the 2nd quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock valued at $13,865,363,000 after purchasing an additional 4,104,136 shares during the period. Dimensional Fund Advisors LP grew its position in shares of AT&T by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 64,856,009 shares of the technology company’s stock valued at $2,446,984,000 after purchasing an additional 3,572,307 shares during the period. Wells Fargo & Company MN grew its position in shares of AT&T by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 48,360,252 shares of the technology company’s stock valued at $1,824,633,000 after purchasing an additional 1,263,645 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of AT&T by 13.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock valued at $1,808,545,000 after purchasing an additional 5,619,434 shares during the period. Institutional investors own 55.76% of the company’s stock.
In related news, Director Matthew K. Rose acquired 29,600 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were bought at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the purchase, the director now directly owns 3,100 shares in the company, valued at approximately $104,625. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.
AT&T Inc. (T) opened at $36.90 on Friday. AT&T Inc. has a 12-month low of $32.55 and a 12-month high of $42.70. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market capitalization of $226,530.00, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 3.14 and a beta of 0.44.
AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). AT&T had a return on equity of 14.49% and a net margin of 8.00%. The firm had revenue of $39.67 billion for the quarter, compared to analyst estimates of $40.34 billion. During the same period last year, the company earned $0.74 EPS. The company’s revenue was down 3.0% compared to the same quarter last year. sell-side analysts expect that AT&T Inc. will post 2.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.42%. This is a boost from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio is currently 96.15%.
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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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