Aviva PLC Acquires 442,038 Shares of AT&T Inc. (T)
Aviva PLC raised its stake in shares of AT&T Inc. (NYSE:T) by 9.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,982,281 shares of the company’s stock after buying an additional 442,038 shares during the period. AT&T accounts for approximately 1.5% of Aviva PLC’s portfolio, making the stock its 6th largest position. Aviva PLC owned 0.08% of AT&T worth $215,284,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in AT&T by 6.2% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 811,263 shares of the company’s stock worth $35,055,000 after buying an additional 47,100 shares in the last quarter. Community Trust & Investment Co. increased its stake in AT&T by 1.8% in the second quarter. Community Trust & Investment Co. now owns 516,263 shares of the company’s stock worth $22,307,000 after buying an additional 9,126 shares in the last quarter. Logan Capital Management Inc. increased its stake in AT&T by 0.3% in the first quarter. Logan Capital Management Inc. now owns 736,564 shares of the company’s stock worth $28,851,000 after buying an additional 2,079 shares in the last quarter. Credit Agricole S A increased its stake in AT&T by 12.6% in the first quarter. Credit Agricole S A now owns 5,299,940 shares of the company’s stock worth $207,598,000 after buying an additional 593,693 shares in the last quarter. Finally, Charter Trust Co. increased its stake in AT&T by 4.7% in the second quarter. Charter Trust Co. now owns 243,709 shares of the company’s stock worth $10,530,000 after buying an additional 10,946 shares in the last quarter. 53.64% of the stock is owned by institutional investors and hedge funds.
Shares of AT&T Inc. (NYSE:T) traded down 0.2825% during midday trading on Tuesday, reaching $38.8998. The company had a trading volume of 5,102,487 shares. The company has a market capitalization of $239.31 billion, a P/E ratio of 16.7744 and a beta of 0.30. AT&T Inc. has a one year low of $32.22 and a one year high of $43.89. The company has a 50-day moving average price of $40.52 and a 200 day moving average price of $40.53.
AT&T (NYSE:T) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. AT&T had a return on equity of 13.93% and a net margin of 8.76%. The business had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. Equities analysts anticipate that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.92 annualized dividend and a yield of 4.92%. AT&T’s payout ratio is 83.12%.
A number of equities research analysts have recently weighed in on T shares. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Wednesday, June 29th. Deutsche Bank AG lifted their target price on AT&T from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, June 28th. Barclays PLC initiated coverage on AT&T in a research note on Monday, June 27th. They issued a “buy” rating for the company. Jefferies Group reaffirmed a “buy” rating and issued a $44.00 price target on shares of AT&T in a research note on Thursday, July 21st. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of AT&T in a research note on Friday, July 22nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.82.
In related news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total transaction of $92,442.78. Following the transaction, the chief executive officer now directly owns 13,583 shares in the company, valued at approximately $589,230.54. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.07% of the company’s stock.
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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