AT&T Inc. (T) Shares Bought by Dowling & Yahnke LLC
Dowling & Yahnke LLC increased its position in AT&T Inc. (NYSE:T) by 2.7% during the second quarter, Holdings Channel reports. The fund owned 109,222 shares of the company’s stock after buying an additional 2,841 shares during the period. Dowling & Yahnke LLC’s holdings in AT&T were worth $4,719,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in T. BlackRock Institutional Trust Company N.A. boosted its stake in 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 in the last quarter. BlackRock Fund Advisors boosted its stake in 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 in the last quarter. Geode Capital Management LLC boosted its stake in 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 in the last quarter. Nordea Investment Management AB boosted its stake in 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 in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in 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 in the last quarter. Institutional investors and hedge funds own 53.64% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded up 0.10% during midday trading on Thursday, hitting $39.37. The stock had a trading volume of 17,546,584 shares. AT&T Inc. has a 1-year low of $32.22 and a 1-year high of $43.89. The firm has a market capitalization of $242.20 billion, a PE ratio of 16.98 and a beta of 0.30. The company’s 50 day moving average price is $40.43 and its 200-day moving average price is $40.52.
AT&T (NYSE:T) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The company earned $40.50 billion during the quarter, compared to analyst estimates of $40.75 billion. Equities analysts predict that AT&T Inc. will post $2.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s payout ratio is presently 83.12%.
Several analysts recently commented on the company. Barclays PLC restated a “buy” rating on shares of AT&T in a research report on Sunday, July 17th. Vetr lowered AT&T from a “hold” rating to a “sell” rating and set a $38.71 price target for the company. in a research note on Tuesday, June 21st. S&P Equity Research set a $46.00 price target on AT&T and gave the company a “buy” rating in a research note on Sunday, July 24th. FBR & Co increased their price target on AT&T from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Friday, July 22nd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $41.00 price target on shares of AT&T in a research note on Tuesday, June 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $41.86.
In related 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 of the company’s stock, valued at approximately $589,230.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.07% of the stock is currently owned by corporate insiders.
AT&T Company Profile
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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