NCM Capital Management Group Inc. Has $256,000 Position in AT&T Inc. (T)
NCM Capital Management Group Inc. reduced its stake in shares of AT&T Inc. (NYSE:T) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,925 shares of the company’s stock after selling 150 shares during the period. AT&T comprises 3.1% of NCM Capital Management Group Inc.’s investment portfolio, making the stock its 4th largest position. NCM Capital Management Group Inc.’s holdings in AT&T were worth $256,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in T. Bollard Group LLC raised its stake in AT&T by 1.1% in the second quarter. Bollard Group LLC now owns 451,190 shares of the company’s stock valued at $19,496,000 after buying an additional 4,776 shares in the last quarter. Aviva PLC raised its stake in AT&T by 5.5% in the first quarter. Aviva PLC now owns 4,540,243 shares of the company’s stock valued at $177,841,000 after buying an additional 237,012 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised 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 valued at $35,055,000 after buying an additional 47,100 shares in the last quarter. Community Trust & Investment Co. raised 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 valued at $22,307,000 after buying an additional 9,126 shares in the last quarter. Finally, Logan Capital Management Inc. raised 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 valued at $28,851,000 after buying an additional 2,079 shares in the last quarter. Institutional investors own 53.64% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded down 0.38% on Friday, reaching $39.22. The company had a trading volume of 13,516,996 shares. The firm has a market capitalization of $241.28 billion, a price-to-earnings ratio of 16.91 and a beta of 0.30. AT&T Inc. has a 52 week low of $32.22 and a 52 week high of $43.89. The stock’s 50 day moving average is $40.33 and its 200 day moving average is $40.51.
AT&T (NYSE:T) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.72 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 business earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. On average, equities analysts anticipate that AT&T Inc. will post $2.86 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be issued a dividend of $0.48 per share. 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 (DPR) is presently 83.12%.
T has been the subject of several research analyst reports. Vetr lowered AT&T from a “hold” rating to a “sell” rating and set a $38.71 price objective for the company. in a research note on Tuesday, June 21st. Buckingham Research lowered AT&T from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $30.97 to $39.56 in a research note on Friday, June 24th. They noted that the move was a valuation call. Barclays PLC began coverage on AT&T in a research note on Monday, June 27th. They set a “buy” rating for the company. 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. Finally, Deutsche Bank AG lifted their price target on AT&T from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, June 28th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.86.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction dated Friday, July 22nd. The shares were 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.07% of the company’s stock.
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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