AT&T Inc. (T) Shares Bought by Keystone Financial Planning Inc.
Keystone Financial Planning Inc. increased its position in AT&T Inc. (NYSE:T) by 2.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 157,168 shares of the company’s stock after buying an additional 3,649 shares during the period. AT&T makes up approximately 4.6% of Keystone Financial Planning Inc.’s investment portfolio, making the stock its 3rd largest position. Keystone Financial Planning Inc.’s holdings in AT&T were worth $6,791,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Quadrant Capital Management LLC acquired a new stake in AT&T during the second quarter worth $332,000. Commonwealth Financial Services LLC boosted its stake in AT&T by 4.1% in the second quarter. Commonwealth Financial Services LLC now owns 14,539 shares of the company’s stock worth $628,000 after buying an additional 566 shares during the period. IBM Retirement Fund boosted its stake in AT&T by 1.6% in the second quarter. IBM Retirement Fund now owns 809,690 shares of the company’s stock worth $36,043,000 after buying an additional 13,012 shares during the period. Meristem LLP boosted its stake in AT&T by 4.1% in the second quarter. Meristem LLP now owns 6,468 shares of the company’s stock worth $279,000 after buying an additional 256 shares during the period. Finally, 1st Global Advisors Inc. boosted its stake in AT&T by 13.0% in the second quarter. 1st Global Advisors Inc. now owns 117,259 shares of the company’s stock worth $5,067,000 after buying an additional 13,457 shares during the period. Institutional investors own 53.64% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded down 0.38% during mid-day trading on Friday, hitting $39.22. The company’s stock had a trading volume of 13,516,996 shares. The stock’s 50 day moving average price is $40.33 and its 200 day moving average price is $40.51. AT&T Inc. has a 52-week low of $32.22 and a 52-week high of $43.89. The company has a market cap of $241.28 billion, a price-to-earnings ratio of 16.91 and a beta of 0.30.
AT&T (NYSE:T) last announced its 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 firm earned $40.50 billion during the quarter, compared to analyst estimates of $40.75 billion. Equities analysts forecast that AT&T Inc. will post $2.86 EPS for the current year.
The company also recently announced 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 4.90%. The ex-dividend date is Wednesday, October 5th. AT&T’s dividend payout ratio is currently 83.12%.
Several analysts have recently issued reports on T shares. Barclays PLC reissued a “buy” rating on shares of AT&T in a report on Sunday, July 17th. Vetr lowered AT&T from a “hold” rating to a “sell” rating and set a $38.71 price target on the stock. 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 lifted 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 reissued a “neutral” rating and set a $41.00 price target on shares of AT&T in a research note on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $41.86.
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 completion of the transaction, 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 filing with the SEC, which can be accessed through this link. 0.07% of the stock is 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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