Partnervest Advisory Services LLC Has $1,723,000 Stake in AT&T Inc. (T)
Partnervest Advisory Services LLC raised its position in AT&T Inc. (NYSE:T) by 1.9% during the second quarter, Holdings Channel reports. The fund owned 39,865 shares of the company’s stock after buying an additional 726 shares during the period. AT&T accounts for approximately 0.9% of Partnervest Advisory Services LLC’s holdings, making the stock its 21st largest position. Partnervest Advisory Services LLC’s holdings in AT&T were worth $1,723,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Noesis Capital Mangement Corp raised its stake in AT&T by 5.1% in the second quarter. Noesis Capital Mangement Corp now owns 13,748 shares of the company’s stock valued at $594,000 after buying an additional 667 shares in the last quarter. DE Burlo Group Inc. raised its stake in AT&T by 56.7% in the second quarter. DE Burlo Group Inc. now owns 148,997 shares of the company’s stock valued at $6,438,000 after buying an additional 53,890 shares in the last quarter. Heritage Wealth Advisors purchased a new stake in AT&T during the second quarter valued at about $278,000. Bingham Osborn & Scarborough LLC raised its stake in AT&T by 9.1% in the second quarter. Bingham Osborn & Scarborough LLC now owns 20,231 shares of the company’s stock valued at $874,000 after buying an additional 1,680 shares in the last quarter. Finally, Hyman Charles D raised its stake in AT&T by 7.0% in the second quarter. Hyman Charles D now owns 82,193 shares of the company’s stock valued at $3,552,000 after buying an additional 5,410 shares in the last quarter. Hedge funds and other institutional investors own 53.64% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded down 2.195% during mid-day trading on Tuesday, reaching $39.875. 15,221,343 shares of the company’s stock traded hands. AT&T Inc. has a 12-month low of $32.22 and a 12-month high of $43.89. The firm’s 50 day moving average price is $40.90 and its 200-day moving average price is $40.52. The stock has a market cap of $245.31 billion, a price-to-earnings ratio of 17.195 and a beta of 0.30.
AT&T (NYSE:T) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The business earned $40.50 billion during the quarter, compared to analyst estimates of $40.75 billion. Equities research analysts forecast that AT&T Inc. will post $2.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $1.92 annualized dividend and a yield of 4.71%. AT&T’s dividend payout ratio (DPR) is presently 83.12%.
Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of AT&T from a “hold” rating to a “sell” rating in a research report on Monday. Barclays PLC reiterated a “buy” rating and set a $45.00 price target on shares of AT&T in a research report on Monday, September 26th. HSBC upgraded shares of AT&T from a “reduce” rating to a “hold” rating and set a $38.00 price target on the stock in a research report on Monday, September 26th. Vetr downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $42.92 price objective for the company. in a research note on Monday, September 26th. Finally, Jefferies Group reissued a “buy” rating and issued a $48.00 price objective on shares of AT&T in a research note on Thursday, September 15th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.62.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the company’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the transaction, the chief executive officer now directly owns 13,583 shares in the company, valued at approximately $589,230.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is currently owned by company insiders.
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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