AT&T Inc. (NYSE:T) Shares Bought by Level Four Advisory Services LLC
Level Four Advisory Services LLC raised its stake in AT&T Inc. (NYSE:T) by 73.1% during the first quarter, Holdings Channel reports. The firm owned 138,235 shares of the technology company’s stock after buying an additional 58,355 shares during the period. Level Four Advisory Services LLC’s holdings in AT&T were worth $5,739,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Banco Santander S.A. purchased a new stake in AT&T during the fourth quarter valued at $679,000. Focused Wealth Management Inc increased its stake in AT&T by 2.7% in the fourth quarter. Focused Wealth Management Inc now owns 22,209 shares of the technology company’s stock valued at $945,000 after buying an additional 580 shares during the last quarter. Vertex One Asset Management Inc. increased its stake in AT&T by 2.1% in the fourth quarter. Vertex One Asset Management Inc. now owns 24,500 shares of the technology company’s stock valued at $1,042,000 after buying an additional 500 shares during the last quarter. Ancora Advisors LLC increased its stake in AT&T by 57.1% in the fourth quarter. Ancora Advisors LLC now owns 228,701 shares of the technology company’s stock valued at $9,726,000 after buying an additional 83,167 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in AT&T by 16.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 9,484 shares of the technology company’s stock valued at $403,000 after buying an additional 1,335 shares during the last quarter. Hedge funds and other institutional investors own 55.28% of the company’s stock.
Shares of AT&T Inc. (T) traded down 0.24% on Friday, reaching $38.10. The company’s stock had a trading volume of 13,278,982 shares. AT&T Inc. has a 1-year low of $35.81 and a 1-year high of $43.32. The stock has a 50-day moving average price of $37.57 and a 200-day moving average price of $39.64. The company has a market capitalization of $233.93 billion, a price-to-earnings ratio of 17.90 and a beta of 0.47.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. The business had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. On average, equities research analysts forecast that AT&T Inc. will post $2.95 EPS for the current year.
The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.96 annualized dividend and a yield of 5.14%. AT&T’s dividend payout ratio is presently 92.45%.
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Several research firms recently weighed in on T. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price objective on shares of AT&T in a report on Wednesday, April 19th. SunTrust Banks, Inc. assumed coverage on AT&T in a research note on Tuesday, April 18th. They issued a “hold” rating and a $40.00 target price on the stock. Macquarie reiterated a “buy” rating and issued a $45.00 target price (down previously from $46.00) on shares of AT&T in a research note on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $41.00 target price on shares of AT&T in a research note on Saturday, April 29th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $41.00 target price (down previously from $42.00) on shares of AT&T in a research note on Saturday, April 29th. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $43.50.
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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