AT&T Inc. (T) Stake Maintained by RidgeWorth Capital Management LLC
RidgeWorth Capital Management LLC held its position in shares of AT&T Inc. (NYSE:T) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,718 shares of the company’s stock at the end of the second quarter. RidgeWorth Capital Management LLC’s holdings in AT&T were worth $379,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Proficio Capital Partners LLC boosted its stake in AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock valued at $101,000 after buying an additional 1,489 shares during the last quarter. Taylor Wealth Management Partners boosted its stake in AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock valued at $110,000 after buying an additional 700 shares during the last quarter. WealthTrust Arizona LLC boosted its stake in AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock valued at $113,000 after buying an additional 300 shares during the last quarter. Invictus RG boosted its stake in AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock valued at $138,000 after buying an additional 2,560 shares during the last quarter. Finally, JNBA Financial Advisors boosted its stake in AT&T by 6.6% in the second quarter. JNBA Financial Advisors now owns 3,852 shares of the company’s stock valued at $166,000 after buying an additional 238 shares during 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 up 0.26% during midday trading on Wednesday, hitting $39.20. 4,041,125 shares of the stock traded hands. The stock has a market cap of $241.16 billion, a price-to-earnings ratio of 16.90 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 firm has a 50-day moving average price of $40.47 and a 200 day moving average price of $40.52.
AT&T (NYSE:T) last posted its earnings results on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, meeting the Thomson Reuters’ 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%. Analysts anticipate that AT&T Inc. will post $2.86 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.91%. The ex-dividend date is Wednesday, October 5th. AT&T’s dividend payout ratio (DPR) is 83.12%.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Tuesday, July 5th. Jefferies Group reiterated a “buy” rating on shares of AT&T in a report on Wednesday, August 3rd. S&P Equity Research set a $46.00 price objective on AT&T and gave the company a “buy” rating in a report on Sunday, July 24th. Robert W. Baird reiterated a “neutral” rating and issued a $41.00 price objective on shares of AT&T in a report on Monday, July 25th. Finally, Citigroup Inc. cut AT&T from a “buy” rating to a “neutral” rating and upped their price objective for the company from $42.00 to $46.00 in a report on Thursday, July 7th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $41.89.
In related news, CEO John T. Stankey sold 2,131 shares of AT&T stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total transaction of $92,442.78. Following the sale, the chief executive officer now owns 13,583 shares of the company’s stock, valued at approximately $589,230.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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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