AT&T Inc. (T) Shares Sold by SNS Financial Group LLC
SNS Financial Group LLC cut its stake in shares of AT&T Inc. (NYSE:T) by 11.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,840 shares of the technology company’s stock after selling 8,813 shares during the period. SNS Financial Group LLC’s holdings in AT&T were worth $2,777,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in AT&T during the fourth quarter valued at approximately $2,416,759,000. Macquarie Group Ltd. increased its position in AT&T by 6.1% in the fourth quarter. Macquarie Group Ltd. now owns 19,837,884 shares of the technology company’s stock valued at $843,705,000 after buying an additional 1,139,382 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in AT&T by 0.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,915,402 shares of the technology company’s stock valued at $744,385,000 after buying an additional 143,884 shares during the last quarter. Teachers Advisors LLC increased its position in AT&T by 26.5% in the fourth quarter. Teachers Advisors LLC now owns 13,610,660 shares of the technology company’s stock valued at $578,861,000 after buying an additional 2,849,017 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in AT&T by 7.1% in the fourth quarter. AQR Capital Management LLC now owns 8,588,525 shares of the technology company’s stock valued at $365,270,000 after buying an additional 565,928 shares during the last quarter. Institutional investors and hedge funds own 55.28% of the company’s stock.
AT&T Inc. (NYSE T) traded down 0.21% during mid-day trading on Wednesday, reaching $38.28. 2,417,577 shares of the company’s stock traded hands. The firm has a market cap of $235.04 billion, a price-to-earnings ratio of 18.07 and a beta of 0.47. AT&T Inc. has a one year low of $35.81 and a one year high of $43.48. The firm’s 50-day moving average price is $37.65 and its 200 day moving average price is $39.78.
AT&T (NYSE:T) last posted its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The firm had revenue of $39.84 billion for the quarter, compared to the consensus estimate of $39.84 billion. During the same period in the previous year, the firm posted $0.72 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts forecast that AT&T Inc. will post $2.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were issued a $0.49 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.11%. AT&T’s dividend payout ratio (DPR) is presently 92.45%.
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A number of brokerages have issued reports on T. Vetr raised shares of AT&T from a “hold” rating to a “buy” rating and set a $39.93 target price on the stock in a report on Wednesday, May 24th. Barclays PLC lowered their target price on shares of AT&T from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, July 14th. Royal Bank Of Canada reissued a “hold” rating and set a $42.00 target price on shares of AT&T in a report on Sunday, July 9th. Jefferies Group LLC reissued a “buy” rating and set a $48.00 target price on shares of AT&T in a report on Wednesday, April 19th. Finally, ValuEngine cut shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price 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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