AT&T Inc. (T) Stake Raised by Addison Capital Co
Addison Capital Co increased its stake in shares of AT&T Inc. (NYSE:T) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 6,505 shares of the company’s stock after buying an additional 2 shares during the period. Addison Capital Co’s holdings in AT&T were worth $281,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. boosted its stake in shares of AT&T by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 162,390,830 shares of the company’s stock valued at $6,360,849,000 after buying an additional 656,641 shares during the period. BlackRock Fund Advisors boosted its stake in shares of AT&T by 1.8% in the first quarter. BlackRock Fund Advisors now owns 79,579,666 shares of the company’s stock valued at $3,117,136,000 after buying an additional 1,417,502 shares during the period. Geode Capital Management LLC boosted its stake in shares of AT&T by 1.9% in the first quarter. Geode Capital Management LLC now owns 51,931,393 shares of the company’s stock valued at $2,030,190,000 after buying an additional 971,072 shares during the period. Nordea Investment Management AB boosted its stake in shares of AT&T by 2.5% in the second quarter. Nordea Investment Management AB now owns 25,459,807 shares of the company’s stock valued at $1,100,118,000 after buying an additional 623,365 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of AT&T by 12.8% in the first quarter. TIAA CREF Investment Management LLC now owns 24,011,256 shares of the company’s stock valued at $940,521,000 after buying an additional 2,733,411 shares during the period. 53.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of AT&T Inc. (NYSE:T) traded down 0.61% during trading on Friday, reaching $38.87. 19,171,955 shares of the company traded hands. The stock has a market capitalization of $239.13 billion, a PE ratio of 16.76 and a beta of 0.30. The firm’s 50-day moving average is $40.58 and its 200-day moving average is $40.51. AT&T Inc. has a 12-month low of $32.22 and a 12-month high of $43.89.
AT&T (NYSE:T) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The business had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. AT&T had a net margin of 8.76% and a return on equity of 13.93%. On average, equities analysts predict that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Wednesday, October 5th. AT&T’s dividend payout ratio (DPR) is currently 83.12%.
A number of equities research analysts have recently issued reports on T shares. Barclays PLC reaffirmed a “buy” rating on shares of AT&T in a report on Sunday, July 17th. Vetr cut shares of AT&T from a “hold” rating to a “sell” rating and set a $38.71 target price on the stock. in a report on Tuesday, June 21st. S&P Equity Research set a $46.00 target price on shares of AT&T and gave the company a “buy” rating in a report on Sunday, July 24th. FBR & Co upped their target price on shares of AT&T from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Friday, July 22nd. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $41.00 target price on shares of AT&T in a report on Tuesday, June 28th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.57.
In other news, CEO John T. Stankey sold 2,131 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.07% of the stock is currently owned by 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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