AT&T Inc. (T) Stake Cut by Parkwood LLC
Parkwood LLC lowered its position in AT&T Inc. (NYSE:T) by 14.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,426 shares of the company’s stock after selling 2,324 shares during the period. Parkwood LLC’s holdings in AT&T were worth $580,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Bollard Group LLC boosted its stake in shares of AT&T by 1.1% in the second quarter. Bollard Group LLC now owns 451,190 shares of the company’s stock worth $19,496,000 after buying an additional 4,776 shares in the last quarter. Aviva PLC boosted its stake in shares of 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 during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of 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 during the period. Community Trust & Investment Co. boosted its stake in shares of 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 during the period. Finally, Logan Capital Management Inc. boosted its stake in shares of 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 during the period. 53.62% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Inc. (NYSE:T) traded up 0.13% during trading on Monday, hitting $39.27. 13,885,020 shares of the stock were exchanged. The stock has a 50 day moving average of $40.29 and a 200-day moving average of $40.53. AT&T Inc. has a 52 week low of $32.22 and a 52 week high of $43.89. The stock has a market cap of $241.59 billion, a P/E ratio of 16.93 and a beta of 0.30.
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 had revenue of $40.50 billion for the quarter, compared to analysts’ expectations of $40.75 billion. Equities analysts expect that AT&T Inc. will post $2.86 EPS 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. This represents a $1.92 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s dividend payout ratio is currently 83.12%.
Several equities research analysts recently issued reports on the company. Barclays PLC reiterated a “buy” rating on shares of AT&T in a research note on Sunday, July 17th. Vetr cut 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. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Monday. Finally, FBR & Co boosted 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. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $41.86.
In related news, CEO John T. Stankey sold 2,131 shares of the business’s 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 transaction, the chief executive officer now owns 13,583 shares in the company, valued at $589,230.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate 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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