AT&T Inc. (NYSE:T) is Tealwood Asset Management Inc.’s 10th Largest Position
Tealwood Asset Management Inc. boosted its position in shares of AT&T Inc. (NYSE:T) by 1.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 129,472 shares of the technology company’s stock after buying an additional 1,443 shares during the period. AT&T accounts for 1.8% of Tealwood Asset Management Inc.’s portfolio, making the stock its 10th largest position. Tealwood Asset Management Inc.’s holdings in AT&T were worth $4,885,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Ullmann Financial Group Inc. bought a new position in AT&T during the first quarter worth $101,000. Feltz Wealth PLAN Inc. bought a new position in AT&T during the first quarter worth $104,000. Taylor Wealth Management Partners raised its position in AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after buying an additional 11 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in AT&T during the first quarter worth $109,000. Finally, Sterling Investment Advisors Ltd. raised its position in AT&T by 289.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock worth $113,000 after buying an additional 2,024 shares in the last quarter. 55.29% of the stock is owned by hedge funds and other institutional investors.
Shares of AT&T Inc. (NYSE:T) traded up 0.39% during trading on Friday, hitting $38.43. The stock had a trading volume of 16,317,012 shares. AT&T Inc. has a 1-year low of $35.81 and a 1-year high of $43.48. The stock’s 50-day moving average price is $37.65 and its 200 day moving average price is $39.78. The firm has a market capitalization of $235.96 billion, a P/E ratio of 18.14 and a beta of 0.47.
AT&T (NYSE:T) last announced its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The company had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. During the same period last year, the firm earned $0.72 EPS. AT&T’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts anticipate that AT&T Inc. will post $2.95 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a $0.49 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a yield of 5.10%. AT&T’s payout ratio is presently 92.45%.
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A number of research firms have recently weighed in on T. Argus restated a “buy” rating and issued a $51.00 target price on shares of AT&T in a report on Monday, April 10th. Wells Fargo & Company restated an “outperform” rating on shares of AT&T in a report on Tuesday, April 11th. Jefferies Group LLC restated a “buy” rating and issued a $48.00 target price on shares of AT&T in a report on Wednesday, April 19th. SunTrust Banks, Inc. began coverage on AT&T in a report on Tuesday, April 18th. They issued a “hold” rating and a $40.00 target price on the stock. Finally, Macquarie restated a “buy” rating and issued a $45.00 target price (down previously from $46.00) on shares of AT&T in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $43.40.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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