AT&T Inc. (NYSE:T) Stake Boosted by Augustine Asset Management Inc.
Augustine Asset Management Inc. increased its stake in AT&T Inc. (NYSE:T) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,623 shares of the technology company’s stock after buying an additional 368 shares during the period. Augustine Asset Management Inc.’s holdings in AT&T were worth $815,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Guggenheim Capital LLC raised its stake in AT&T by 5.1% in the fourth quarter. Guggenheim Capital LLC now owns 2,689,906 shares of the technology company’s stock worth $114,401,000 after buying an additional 131,629 shares during the last quarter. RMB Capital Management LLC raised its stake in AT&T by 210.3% in the fourth quarter. RMB Capital Management LLC now owns 36,135 shares of the technology company’s stock worth $1,537,000 after buying an additional 24,491 shares during the last quarter. Shell Asset Management Co. raised its stake in AT&T by 0.4% in the first quarter. Shell Asset Management Co. now owns 1,245,965 shares of the technology company’s stock worth $51,770,000 after buying an additional 5,354 shares during the last quarter. Bridgeworth LLC acquired a new stake in AT&T during the fourth quarter worth about $4,687,000. Finally, HighPoint Advisor Group LLC raised its stake in AT&T by 4.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 358,021 shares of the technology company’s stock worth $15,051,000 after buying an additional 15,867 shares during the last quarter. 55.28% of the stock is owned by institutional investors.
Shares of AT&T Inc. (T) traded down 0.24% during mid-day trading on Friday, hitting $38.10. 13,278,982 shares of the stock traded hands. The company has a market cap of $233.93 billion, a P/E ratio of 17.90 and a beta of 0.47. The stock has a 50 day moving average price of $37.57 and a 200-day moving average price of $39.64. AT&T Inc. has a one year low of $35.81 and a one year high of $43.32.
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 company 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 firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. On average, analysts forecast that AT&T Inc. will post $2.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 5.14%. 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 recently issued reports on the stock. SunTrust Banks, Inc. assumed coverage on shares of AT&T in a report on Tuesday, April 18th. They issued a “hold” rating and a $40.00 price objective for the company. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price objective on shares of AT&T in a report on Wednesday, April 19th. Macquarie reissued a “buy” rating and issued a $45.00 price objective (down previously from $46.00) on shares of AT&T in a report on Wednesday, April 26th. Deutsche Bank AG reissued a “hold” rating and issued a $41.00 price objective (down previously from $42.00) on shares of AT&T in a report on Saturday, April 29th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $41.00 price objective on shares of AT&T in a report on Saturday, April 29th. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. AT&T presently has an average rating of “Hold” and an average price target 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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