Karpas Strategies LLC Holds Position in AT&T Inc. (T)
Karpas Strategies LLC held its stake in shares of AT&T Inc. (NYSE:T) during the second quarter, Holdings Channel reports. The firm owned 63,180 shares of the company’s stock at the end of the second quarter. AT&T makes up approximately 1.4% of Karpas Strategies LLC’s investment portfolio, making the stock its 24th largest position. Karpas Strategies LLC’s holdings in AT&T were worth $2,730,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of T. Lodestar Investment Counsel LLC IL increased its stake in shares of AT&T by 10.4% in the first quarter. Lodestar Investment Counsel LLC IL now owns 163,086 shares of the company’s stock worth $6,388,000 after buying an additional 15,381 shares during the period. PGGM Investments increased its position in shares of AT&T by 1.9% in the first quarter. PGGM Investments now owns 9,379,829 shares of the company’s stock worth $367,408,000 after buying an additional 170,813 shares during the last quarter. Vicus Capital increased its position in shares of AT&T by 6.9% in the first quarter. Vicus Capital now owns 76,990 shares of the company’s stock worth $3,016,000 after buying an additional 4,950 shares during the last quarter. Sadoff Investment Management LLC increased its position in shares of AT&T by 0.7% in the first quarter. Sadoff Investment Management LLC now owns 244,057 shares of the company’s stock worth $9,560,000 after buying an additional 1,656 shares during the last quarter. Finally, Forte Capital LLC ADV increased its position in shares of AT&T by 4.8% in the first quarter. Forte Capital LLC ADV now owns 36,052 shares of the company’s stock worth $1,412,000 after buying an additional 1,649 shares during the last quarter. Institutional investors and hedge funds own 53.62% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded up 0.13% on Monday, hitting $39.27. The stock had a trading volume of 13,885,020 shares. The firm’s 50 day moving average is $40.29 and its 200-day moving average is $40.53. AT&T Inc. has a one year low of $32.22 and a one year high of $43.89. The stock has a market capitalization of $241.59 billion, a PE ratio of 16.93 and a beta of 0.30.
AT&T (NYSE:T) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. AT&T had a return on equity of 13.93% and a net margin of 8.76%. The business had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. Equities research analysts expect that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.
The business also recently declared 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. The ex-dividend date is Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.89%. AT&T’s dividend payout ratio is currently 83.12%.
A number of research analysts recently commented on T shares. Vetr downgraded 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 downgraded AT&T from a “buy” rating to a “neutral” rating and upped their price objective 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 started coverage on AT&T in a research note on Monday, June 27th. They set a “buy” rating for the company. Robert W. Baird restated a “neutral” rating and set a $41.00 price objective on shares of AT&T in a research note on Tuesday, June 28th. Finally, Deutsche Bank AG upped their price objective on AT&T from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $41.86.
In other news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total value of $92,442.78. Following the transaction, the chief executive officer now directly owns 13,583 shares in the company, valued at approximately $589,230.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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