FDO Partners LLC Buys Shares of 5,787 AT&T Inc. (T)
FDO Partners LLC bought a new position in AT&T Inc. (NYSE:T) during the first quarter, Holdings Channel reports. The fund bought 5,787 shares of the technology company’s stock, valued at approximately $240,000.
Other large investors have also recently added to or reduced their stakes in the company. Feltz Wealth PLAN Inc. purchased a new stake in AT&T during the first quarter worth approximately $104,000. Taylor Wealth Management Partners boosted its stake 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 during the last quarter. Asset Planning Services Ltd. boosted its stake in AT&T by 26.6% in the first quarter. Asset Planning Services Ltd. now owns 4,169 shares of the technology company’s stock worth $173,000 after buying an additional 877 shares during the last quarter. Israel Discount Bank of New York GFN purchased a new stake in AT&T during the fourth quarter worth approximately $196,000. Finally, Toth Financial Advisory Corp purchased a new stake in AT&T during the first quarter worth approximately $214,000. Institutional investors own 55.28% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded down 0.21% during mid-day trading on Wednesday, hitting $38.28. 2,404,494 shares of the stock were exchanged. The stock has a market cap of $235.04 billion, a price-to-earnings ratio of 18.07 and a beta of 0.47. The company has a 50-day moving average price of $37.65 and a 200-day moving average price of $39.78. AT&T Inc. has a 12 month low of $35.81 and a 12 month high of $43.48.
AT&T (NYSE:T) last announced its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $39.84 billion. During the same period last year, the business posted $0.72 EPS. AT&T’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts expect that AT&T Inc. will post $2.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend was Thursday, July 6th. AT&T’s dividend payout ratio (DPR) is 92.45%.
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A number of equities research analysts have commented on the stock. Royal Bank Of Canada set a $42.00 target price on shares of AT&T and gave the stock a “hold” rating in a research note on Saturday, May 20th. Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $40.69 target price on the stock. in a research note on Wednesday, July 26th. Cowen and Company restated a “market perform” rating and set a $41.00 target price (down previously from $43.00) on shares of AT&T in a research note on Wednesday, July 26th. Drexel Hamilton restated a “hold” rating on shares of AT&T in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, twenty have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.40.
AT&T Company Profile
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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