First Quadrant L P CA Has $26.93 Million Position in AT&T Inc. (NYSE:T)
First Quadrant L P CA decreased its position in shares of AT&T Inc. (NYSE:T) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 713,656 shares of the technology company’s stock after selling 24,615 shares during the period. First Quadrant L P CA’s holdings in AT&T were worth $26,926,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Ullmann Financial Group Inc. bought a new stake in AT&T during the first quarter worth approximately $101,000. Feltz Wealth PLAN Inc. bought a new stake in AT&T during the first quarter worth approximately $104,000. Taylor Wealth Management Partners raised 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. Almanack Investment Partners LLC. bought a new stake in AT&T during the first quarter worth approximately $109,000. Finally, Sterling Investment Advisors Ltd. raised its stake 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 during the last quarter. 55.28% of the stock is currently owned by institutional investors and hedge funds.
Shares of AT&T Inc. (T) traded down 0.117% during midday trading on Thursday, hitting $38.315. The company had a trading volume of 6,623,032 shares. The company’s 50 day moving average is $37.57 and its 200 day moving average is $39.68. AT&T Inc. has a one year low of $35.81 and a one year high of $43.48. The firm has a market cap of $235.25 billion, a price-to-earnings ratio of 18.005 and a beta of 0.47.
AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion during the quarter, compared to the consensus estimate of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 EPS. Equities analysts forecast that AT&T Inc. will post $2.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.11%. AT&T’s dividend payout ratio is presently 92.45%.
A number of analysts recently commented on the company. Deutsche Bank AG reaffirmed a “hold” rating and set a $41.00 price objective (down previously from $42.00) on shares of AT&T in a research note on Saturday, April 29th. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada set a $42.00 price target on AT&T and gave the stock a “hold” rating in a research note on Saturday, May 20th. Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $39.81 price target on the stock in a research note on Wednesday, June 21st. Finally, SunTrust Banks, Inc. began coverage on AT&T in a research note on Tuesday, April 18th. They issued a “hold” rating and a $40.00 price target on the stock. One research 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. The company presently 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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